Blog: earnings

Read our latest daily deep dives, hot takes, and exciting updates about the entertainment world. Check out the latest insight from your favourite analyst, or search by coverage areas - music, entertainment and fandom, creator economy and social.

Why Spotify only hit profitability now (but will do so again)

Mark Mulligan

13 Feb 2025

Business Strategy

Spotify

Streaming

Spotify finally registered its first profitable year in 2024. It has hit net profit in individual quarters before – most recently in Q3 2023 – but this is the first year it was profitable throughout the year.

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Nintendo’s earnings highlight Mario's unfaltering popularity, despite the Switch running out of steam

Rhys Elliott

6 Feb 2025

Business Strategy

Games

super mario

Nintendo released its nine-month earnings ending December 31, 2024. Its revenues were $6.1 billion, dropping 31.4% year on year, with: Nintendo’s dedicated platforms (hardware, software, subscriptions, and accessories) accounting for 94.

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Spotify podcast earnings: Moving beyond the investment phase

Annie Langston

3 May 2023

Spotify

earnings

advertising

Spotify’s Q1 2023 earnings revealed its growing userbase — now at 515 million monthly active users (MAUs) — and some key insights into its podcast vertical. First quarter revenue fell short of expectations, although podcast ad revenue, mostly driven by originals and exclusives, grew 20% year-o...

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Key takeaways for podcasting from SiriusXM and Spotify’s earnings

Annie Langston

4 Aug 2022

Spotify

SiriusXM

earnings

Two audio giants with investments in podcasting — Spotify and SiriusXM — published their second quarter earnings for the year. SiriusXM saw marginal year-over-year growth in revenue – around 4% – although it was still able to increase its paid subscribers by 23,000 users, bringing its total ...

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Quick take: Roblox is another victim of the attention recession

Karol Severin

17 Feb 2022

Roblox

earnings

attention recession

Earlier this week, Roblox announced its fiscal year (FY) 2021 results. The market response was stark, wiping 20+% fromRoblox’s market cap. While the media is citing Roblox’s slowing growth (particularly in key markets such as the US), extended loss, and underperforming analyst expectations, Robl...

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Roblox continues its growth story narrative, but cannot escape the Covid-bounce effect

Karol Severin

20 Aug 2021

Roblox

financial results

earnings

Roblox reported on its Q2 2021 results this week. Indeed, a continuation of the company’s growth story with bookings surpassing $665 million, up 35% year-on-year. On paper, the 127% YoY growth of revenue looks even more impressive.

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DraftKings is making its own strategic bet on the rise of the US sports betting market

Alistair Taylor

19 Nov 2020

DraftKings

Sportsbook

betting company

US-based sports betting company DraftKings’ stock value has grown 11% following a strong third-quarter performance in which its revenues increased 98% year on year (YoY) to reach $132.8 million, up from $67 million in Q3 2019.

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WWE Q3 Earnings – An innovative digital strategy helps WWE overcome COVID-19 disruption

Alistair Taylor

12 Nov 2020

WWE

World Wrestling Entertainment

covid

WWE’s Q3 2020 results provide a fascinating insight into how a live event-focused entertainment business has successfully navigated a global pandemic. In its financials for the quarter , WWE saw a 19% revenue increase year-on-year (YoY), with Q3 2020 revenue at $221.

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Netflix Q2 2020 earnings: Lockdown revenue windfall but performance expected to fall

Tim Mulligan

17 Jul 2020

Video

Netflix

Netflix q2

H1 2020 has been particularly good for Netflix. Q1 2020 saw record subscriber growth of 27.8 million net additions and its original content has dominated viewer interest over the previous six months. The current top three most-viewed Wikipedia TV show pages are all Netflix originals, with D2C challe...

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Move Over Mickey, The NBA is Set to Become Disney World’s Star Attraction

Alistair Taylor

27 May 2020

AFL

Australian Rules Football

basketball

COVID-19 forced sports leagues to think outside the box for restarting live sports. The UFC wanted to rent a private island , the NRL to ferry players to and from games, and the WWE performed to empty arenas .

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The Last Dance – ESPN Raining Threes

Alistair Taylor

18 May 2020

Adam Silver

bundle

Chicago Bulls

With the pandemic-enforced postponement of live sports creating an entertainment void for sports fans, US broadcaster ESPN played its trump card to capitalise on the thirst for stimulating content during lockdown.

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