Archive | revenue

Genshin Impact’s Mobile Haul Is Nearly $400 Million (And Counting)

Open-world adventure game Genshin Impact has made its developer miHoYo around $393 million in revenue since launching in late September, according to mobile analytics firm Sensor Tower. The wild part? That number only accounts for the game’s mobile income.Read more… Continue Reading at https://kotaku.com

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Spotify announces 22% increase in revenue during Q1 of 2020, 130 million subscribers

Digital streaming services continue to grow their userbases, arguably more so now that the majority of people are studying or working from home. The proof in the pudding came this week, when Spotify‘s quarterly report announced a 22% increase in revenue during the first three months of 2020. Further, the Swedish streaming giant notes a […]

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Spotify announces 22% increase in revenue during Q1 of 2020, 130 million subscribers

Digital streaming services continue to grow their userbases, arguably more so now that the majority of people are studying or working from home. The proof in the pudding came this week, when Spotify‘s quarterly report announced a 22% increase in revenue during the first three months of 2020. Further, the Swedish streaming giant notes a […]

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Spotify announces 22% increase in revenue during Q1 of 2020, 130 million subscribers

Digital streaming services continue to grow their userbases, arguably more so now that the majority of people are studying or working from home. The proof in the pudding came this week, when Spotify‘s quarterly report announced a 22% increase in revenue during the first three months of 2020. Further, the Swedish streaming giant notes a […]

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SoundCloud exceeds $200 million in annual revenue for the first time

SoundCloud has announced its annual gross revenue has exceeded $200 million in 2019. The milestone financial accomplishment marks a double in revenue over the past two years for SoundCloud. Since monetizing the platform in 2016, the streaming giant has experienced significant growth while overcoming challenges of financial instability—pivoting under the leadership of new CEO Kerry […]

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SoundCloud exceeds $200 million in annual revenue for the first time

SoundCloud has announced its annual gross revenue has exceeded $200 million in 2019. The milestone financial accomplishment marks a double in revenue over the past two years for SoundCloud. Since monetizing the platform in 2016, the streaming giant has experienced significant growth while overcoming challenges of financial instability—pivoting under the leadership of new CEO Kerry […]

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U.S. music industry postures to make over $10 billion in revenue in 2019

This year the music industry is expected to breach $10 billion for the first time since 2007, according to a mid-year revenue report from the RIAA.   The revenue increase is largely fueled by the streaming market’s swell— everything from Spotify and Apple Music to Youtube and Pandora, which grew by 26% as of the […]

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U.S. music industry postures to make over $10 billion in revenue in 2019

This year the music industry is expected to breach $10 billion for the first time since 2007, according to a mid-year revenue report from the RIAA.   The revenue increase is largely fueled by the streaming market’s swell— everything from Spotify and Apple Music to Youtube and Pandora, which grew by 26% as of the […]

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Streaming services now account for 75% of music industry revenue

The music industry has been dancing on the precipice of a sweeping streaming takeover for years. According to a recent report from the Record Industry Association of America (RIAA), that transition was solidified with a reported music streaming growth of 30% in 2018 alone. The $7.4 billion in categorical revenue came from predicted streaming mammoths […]

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The music industry made $43 billion in 2017, but artists only took away 12% of it

Musicians’ struggles in today’s industry are well-documented. Royalties have plummeted as a result of downloading or streaming, with extended touring taking place of beatmaking as the prime form of income. On top of all this, the teams behind these artists also have to make a living, cutting profits further. It comes as no surprise, then, […]

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Spotify now boasts 83 million subscribers, reports second quarter loss

At the end of 2018’s second fiscal quarter, Swedish streaming giant Spotify has shared new reports on the company’s performance since their debut on the New York Stock Exchange earlier this year. Boasting 83 million premium subscribers and 180 million monthly active users, Spotify will be looking to hold onto and expand their share of the […]

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