Earnings
The latest Earnings news from Lockgroove: 5 stories, each with our own take and three songs to play next.
Sony Music renews NetEase Cloud Music licensing deal, completing all three majors in China for 2026
The multi-year agreement keeps Sony's catalogue on a service with more than 200 million monthly users, and leaves NetEase with all three major-label renewals done in a year when its profit fell.
Apple posts a record September quarter, with Services at $31.6 billion and a music record cited
Apple still does not break out Apple Music revenue or subscribers, so the music signal comes from commentary, not numbers.
US premium streaming earned $3.1 billion in H1 2026, RIAA says, as CDs jump 58.6%
The RIAA mid-year report shows US recorded music at $6 billion, with paid subscriptions still the growth engine.
BTS world tour lifts HYBE to record quarterly revenue of about KRW 1.53 trillion
Concert income nearly tripled year on year as the K-pop company reported its biggest quarter ever.
Spotify passes 306 million paying subscribers, and its stock jumps 10%
Third-quarter results beat forecasts, monthly users reached 788 million, and a paid AI remix add-on is gaining label support.