News Formal

Believe Q3 Earnings: Paid Streaming Gains Lead to 9% Revenue Increase

  • 📰 billboard
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Additional subscription price increases are expected in 2024, said CEO Denis Ladegaillerie.

French music company Believe benefitted from “healthy” paid streaming growth as its third-quarter revenue grew 9.1% to 215 million euros , the Paris-based company announced Tuesday .

Revenue from Asia Pacific and Africa grew 6.6% to 55.8 million euros and accounted for 25.9% of total revenue. The company was helped by increased paid streaming penetration in the region but hurt by soft ad-supported streaming and a stronger euro against local currencies. Greater China was particularly strong, while Japan was aided by Believe’s roll-out of its Premium Solutions offering. The Americas accounted for 14.4% of Believe’s revenue and grew 8.

Looking forward, Believe increased its forecast for adjusted earnings before taxes, interest and amortization margin from 5% at the mid-year mark to 5.5%. The company reiterated its guidance for full-year organic growth of 14%.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 112. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Coca-Cola beats earnings estimates, raises outlook as volume grows despite price hikesCoca-Cola's stock has fallen 15% this year, dragging its market value down to about $234 billion.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

The week ahead: Bond yields and earnings reportsThe 10-year US Treasury yield continues its march towards 5%, the yield surged by 30 basis points last week, which triggered a decline in risky assets
Fonte: FXStreetNews - 🏆 14. / 72 Consulte Mais informação »

Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Fonte: NBCNewYork - 🏆 270. / 63 Consulte Mais informação »

Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »