2025 Q2 Earnings: Here’s What Every Music Company Made

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A roundup of each label, streamer and different large euphony company's 2nd 4th net results successful 1 place.

The lone definite happening successful this net play is unpredictability. While the planetary system remains resilient successful the look of U.S. tariffs, and U.S. gross home merchandise grew 3% successful Q2, stocks took a deed from a weak U.S. jobs report connected Aug. 1, and immoderate experts judge a changeless drip, drip, drip of antagonistic developments volition origin “death by a 1000 cuts.”

Music companies’ aboriginal results besides offered mixed signals. Spotify, the archetypal euphony institution retired of the gross connected July 29, posted coagulated year-over-year maturation but disappointed investors with weaker-than-expected guidance for the 3rd quarter. Spotify shares dipped 11.6% arsenic a result. Two days later, Universal Music Group (UMG) posted 4.5% gross maturation and 8.5% subscription growth. But investors were hesitant — was it a deficiency of borderline betterment oregon concerns astir currency flow? — and UMG’s stock terms dipped 5.2% the pursuing day.

Below are summaries, listed successful alphabetical order, of each euphony institution to study 2nd 4th net arsenic of Sept. 11 (Alliance Entertainment was the latest addition). Billboard volition update the leafage arsenic much results are announced. (If the summary includes a hyperlink, click connected it to get the afloat story.)

Alliance Entertainment: The euphony and video wholesale distributor’s gross dipped 4% to $228 cardinal but its gross borderline percent improved implicit 4 percent points to 15.8% and adjusted EBITDA roseate to $12.2 cardinal from $2.1 million. In the fiscal twelvemonth ended June 30, gross fell 3% to $1.06 cardinal and adjusted EBITDA roseate 50% to $36.5 million. Vinyl grounds income roseate 2% year-over-year to $337 million. Alliance attributed the summation to Record Store Day, beardown request for limited-edition releases and higher mean income prices. Read the press release for much information.
BMG: The Berlin-based euphony institution was capable to support operating EBITDA level astatine 122 cardinal euros ($133 million) portion income fell 8% to 424 cardinal euros ($463 million). Organic income — income from continuing operations — declined 4%. EBITDA borderline improved to 29% from 26.5%, which CEO Thomas Coesfeld attributed to a assortment of factors. “It’s distribution, it’s catalog acquisitions, and archetypal and foremost, it’s astir focusing the business, for the clip being, connected publishing and recordings.” More details astatine the afloat article.
CTS Eventim: The German performance promoter and ticketing institution had grounds gross successful the archetypal fractional of the year, but its net slipped owed to “intense and persistent outgo pressures” and the costs of integrating France Billet and See Tickets and its U-Live companies. Mid-year consolidated gross was up 7.6% to a grounds 1.29 cardinal euros ($1.41 billion), but adjusted EBITDA fell 0.8% to 200.5 cardinal euros ($219 million).
Cumulus Media. The No. 3 vigor institution successful the U.S. posted a 9.2% driblet successful gross and an 11.3% diminution successful adjusted EBITDA. Broadcast vigor gross was down 13.0% and ...

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