Sony Music reported strong financial results for Q4 2024, with total music operations revenue reaching $3.11 billion, marking a 14.2% year-over-year increase. Core recorded music and publishing operations generated $2.69 billion, up 10.2% from the previous year.

Key Financial Highlights:

• Streaming revenue: $1.37 billion (12.4% YoY increase)
• Publishing revenue: $624.17 million (10.7% YoY increase)
• Overall music profit: $637.67 million (28% YoY increase)

Notable Performance Metrics:

• Streaming growth was modest at 9% on a U.S. dollar basis
• Physical format sales declined 4.1% to $197.93 million
• Digital downloads continued to decrease, falling 26.4% to $42.14 million

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

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

The results indicate Sony Music's continued strong market position despite industry-wide concerns about streaming growth plateaus, with diversified revenue streams contributing to overall performance.

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