A flurry of earnings reports for the quarter ended Sept. 30 show a continued divide in the music landscape. Live music companies such as Live Nation and MSG Entertainment posted double-digit growth as concert demand surged, while HYBE and SM Entertainment also benefitted from strong concert revenues. Streaming also spiked once again, pushing Spotify and Universal Music Group (UMG) to double-digit revenue growth. Legacy media didn’t fare as well, however: iHeartMedia revenue slipped slightly, while SiriusXM leveraged cost-cutting to compensate for flat revenue.

Here’s a running list, in alphabetical order, of the music companies that released earnings results (as of Nov. 11) for the quarter ended Sept 30, 2025.

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