Sony Music Posts Double-Digit Q3 2024 Revenue Jump– Recorded Music Streaming Growth Hits 9%
A live efficiency from SZA, whose SOSin spite of having actually debuted in late 2022, produced the most Q3 2024 earnings of any Sony Music release. Image Credit: Erin CazesSony Music Entertainment accomplished double-digit YoY earnings development in Q3 2024 thanks in part to a fairly strong streaming revealing along with an over 22% spike in physical sales.Those and other efficiency details for July, August, and September of 2024 (the 2nd financial quarter) emerged in a freshly launched profits report from the overarching Sony Group Corp. All informed, the corporation associated about $2.91 billion ( ¥ 444 billion) in external sales to its music operations for the three-month stretch, up 11.18% YoY.As normal, though, that complex amount consists of the "visual media and platform" sector,...