Sony Music Entertainment reported strong financial performance in Q4 2024, with total revenue reaching $3.11 billion, marking a 14.2% year-over-year increase.

Key Financial Highlights:

• Core music operations (recorded and publishing): $2.69 billion (+10.2% YoY)
• Streaming revenue: $1.37 billion (+12.4% YoY)
• Publishing revenue: $624.17 million (+10.7% YoY)
• Overall profit: $637.67 million (+28% YoY)

Top Revenue-Generating Projects Q4 2024:

1. Ateez - Golden Hour: Part.2
2. Tyler, The Creator - Chromakopia
3. SZA - SOS
4. Rod Wave - Last Lap
5. Mylène Farmer - Nevermore

Notable Trends:

• Physical format sales declined 4.1% to $197.93 million
• Digital downloads continued declining, down 26.4% to $42.14 million
• Streaming growth showed signs of moderation, with 9% YoY increase in USD terms
• Exchange rate fluctuations contributed to approximately 20% of overall revenue growth

Looking Forward: Sony Music has increased its revenue forecast by $327.24 million for the fiscal year ending March 31st, 2025, primarily due to expected exchange rate benefits and the integration of ePlus ticketing service.

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