quarter

Coinbase posts first profitable quarter in 2 years as CEO keeps pushing for regulations: ‘We remain confident that the U.S. will get this right’ – Uptrends

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Coinbase posts first profitable quarter in 2 years as CEO keeps pushing for regulations: ‘We remain confident that the U.S. will get this right’ – Uptrends

After eluding profitability for two years, Coinbase executives celebrated posting $273 million in net income for the fourth quarter of 2023, putting the net profitability for all of 2023 at $95 million. Even before the earnings call, markets were reacting positively to Coinbase, with shares on Thursday closing up 3.3%—and rising about 13% after hours. … Read more

As Warner Music Group posts its biggest ever quarter… WMG boss Robert Kyncl says he’s ‘confident’ that Universal and TikTok will resolve their spat – Uptrends

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As Warner Music Group posts its biggest ever quarter… WMG boss Robert Kyncl says he’s ‘confident’ that Universal and TikTok will resolve their spat – Uptrends

  MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. Only MBW+ subscribers have unlimited access to these articles. MBW Reacts is supported by JKBX, a technology platform that offers consumers access to music royalties as an asset class. When it … Read more

Warner Music Group enjoyed its best-ever quarter in calendar Q4, with recorded music streaming revenues up 14% YoY – Uptrends

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Warner Music Group enjoyed its best-ever quarter in calendar Q4, with recorded music streaming revenues up 14% YoY – Uptrends

  Warner Music Group has published its financial results for the final three months of calendar 2023. According to the company’s fiscal Q1 (calendar Q4) results for the three months ending December 31, 2023, WMG saw its quarterly global revenues reach USD $1.748 billion. A bit of housekeeping before we dig into the numbers: WMG noted that … Read more

From Warner’s best-ever quarter to Spotify’s $9bn payout to the music industry… it’s MBW’s Weekly Round-Up – Uptrends

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From Warner’s best-ever quarter to Spotify’s bn payout to the music industry… it’s MBW’s Weekly Round-Up – Uptrends

  Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs. This week saw Warner Music Group report record-high … Read more