{"id":182033,"date":"2025-08-28T09:14:57","date_gmt":"2025-08-28T13:14:57","guid":{"rendered":"https:\/\/www.cyberlego.com\/web\/2025\/08\/28\/bmg-holds-steady-on-earnings-as-revenue-dips-in-first-half-of-2025-2\/"},"modified":"2025-08-28T09:14:57","modified_gmt":"2025-08-28T13:14:57","slug":"bmg-holds-steady-on-earnings-as-revenue-dips-in-first-half-of-2025-2","status":"publish","type":"post","link":"https:\/\/www.cyberlego.com\/web\/2025\/08\/28\/bmg-holds-steady-on-earnings-as-revenue-dips-in-first-half-of-2025-2\/","title":{"rendered":"BMG Holds Steady on Earnings as Revenue Dips in First Half of\u00a02025"},"content":{"rendered":"<p><!-- no image --><\/p>\n<div><!-- do not apply CSS styles to this element! --><\/p>\n<div class=\"pmc-paywall\">\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tFocusing on its core digital music business helped BMG keep earnings steady on lower revenue in the first half of 2025, the company reported Thursday (Aug. 28). The Berlin-based company had revenue of 424 million euros ($463 million) in the first six months of the year, down 8% from the prior-year period. Organic revenue \u2014 income from existing operations \u2014 fell just 4%.\u00a0<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tOperating EBITDA was flat at 122 million euros ($133 million). With the reduction in revenue, EBITDA margin improved to 29% from 26.5% in the first half of 2024. The margin improvement was the result of numerous factors, CEO <strong>Thomas Coesfeld<\/strong> told <em>Billboard<\/em>. \u201cIt\u2019s distribution, it\u2019s catalog acquisitions, and first and foremost, it\u2019s about focusing the business, for the time being, on publishing and recordings.\u201d\u00a0<\/p>\n<div class=\"injected-related-story \/\/ lrv-u-display-inline-block lrv-u-width-100p lrv-u-margin-t-2 u-margin-t-26@mobile-max u-margin-b-0.875@mobile-max u-margin-b-150@tablet u-border-t-12 lrv-u-padding-t-025 u-padding-b-1.313 lrv-u-padding-b-125@mobile-max lrv-u-border-color-black\">\n<div class=\"\">\n<h3 id=\"title-of-a-story\" class=\"c-title  lrv-a-unstyle-link lrv-u-whitespace-nowrap u-font-weight-700 lrv-u-display-inline-block u-line-height-18px a-font-accent u-letter-spacing-0225 u-font-size-16 lrv-u-color-black lrv-u-text-transform-uppercase u-article-badge-underline a-article-esp u-display-inline-flex lrv-u-margin-b-1@mobile-max u-margin-b-9@tablet\">\n<p>\t\t\t\t\tRelated\t\t<\/p>\n<\/h3><\/div>\n<div class=\"injected-related-story-wrapper lrv-u-flex lrv-u-justify-content-space-between lrv-u-padding-tb-050@desktop a-children-border-vertical a-children-border--grey a-children-border-width-050\">\n<div class=\"o-card \">\n<p>\t\t\t<a tabindex=\"0\" href=\"https:\/\/www.billboard.com\/pro\/2025-q2-earnings-recap-every-music-company\/\" class=\"lrv-u-color-black:hover lrv-u-flex u-flex-direction-column@desktop\"><\/p>\n<div class=\"c-lazy-image  lrv-u-margin-b-075 lrv-u-margin-b-00@mobile-max u-width-130px@mobile-max\">\n<div class=\"a-crop-6x4 a-crop-3x2@mobile-max\">\n<p>\t\t\t\t\t\t<img decoding=\"async\" class=\"c-lazy-image__img lrv-u-background-color-grey-lightest lrv-u-width-100p lrv-u-display-block lrv-u-height-auto\" src=\"https:\/\/www.billboard.com\/wp-content\/uploads\/2025\/07\/Billboard-Pro-Q2-earnings-2025-billboard-1800.jpg?w=237&amp;h=147&amp;crop=1\" data-lazy-src=\"https:\/\/www.billboard.com\/wp-content\/uploads\/2025\/07\/Billboard-Pro-Q2-earnings-2025-billboard-1800.jpg?w=237&amp;h=147&amp;crop=1\" alt=\"Q2 Earnings\" data-lazy-srcset=\"\" data-lazy-sizes=\"auto\" height=\"\" width=\"\"><\/p><\/div>\n<\/p><\/div>\n<div class=\"o-card__content \">\n<p><span class=\"c-span  lrv-u-whitespace-nowrap\"><\/p>\n<p><\/span><\/p>\n<div class=\"o_category \">\n\t\t\t\t\t<\/div>\n<div class=\"c_title \">\n<h3 id=\"title-of-a-story\" class=\"c-title  a-font-basic-fancy u-font-size-15 u-font-size-15.5@mobile-max u-line-height-22px u-padding-r-0.188@desktop u-word-spacing-0013 u-line-height-22.5px@mobile-max a-truncate-ellipsis-4line@mobile-max a-truncate-ellipsis-3line\">\n<p>\t\t\t\t\t2025 Q2 Earnings: Here\u2019s What Every Music Company\u00a0Made\t\t<\/p>\n<\/h3><\/div>\n<p><time class=\"c-timestamp  \" datetime=\"00:00-YY-DD-MM\"><\/p>\n<p><\/time><\/p><\/div>\n<p>\t\t<\/a><\/p>\n<\/div>\n<div class=\"o-card \">\n<p>\t\t\t<a tabindex=\"0\" href=\"https:\/\/www.billboard.com\/business\/legal\/american-idol-music-supervisors-cause-of-death-revealed-1236051783\/\" class=\"lrv-u-color-black:hover lrv-u-flex u-flex-direction-column@desktop\"><\/p>\n<div class=\"c-lazy-image  lrv-u-margin-b-075 lrv-u-margin-b-00@mobile-max u-width-130px@mobile-max\">\n<div class=\"a-crop-6x4 a-crop-3x2@mobile-max\">\n<p>\t\t\t\t\t\t<img decoding=\"async\" class=\"c-lazy-image__img lrv-u-background-color-grey-lightest lrv-u-width-100p lrv-u-display-block lrv-u-height-auto\" src=\"https:\/\/www.billboard.com\/wp-content\/uploads\/2025\/07\/Kaye-Encino-Murders-Billboard-1548-1024.jpg?w=237&amp;h=147&amp;crop=1\" data-lazy-src=\"https:\/\/www.billboard.com\/wp-content\/uploads\/2025\/07\/Kaye-Encino-Murders-Billboard-1548-1024.jpg?w=237&amp;h=147&amp;crop=1\" alt='Los Angeles Police Department officials secure the home where Robin Kaye an \"American Idol\" music supervisor and her husband Thomas Deluca were found killed with gunshot wounds to the head on Tuesday, July 15, 2025 in Encino, CA.' data-lazy-srcset=\"\" data-lazy-sizes=\"auto\" height=\"\" width=\"\"><\/p><\/div>\n<\/p><\/div>\n<div class=\"o-card__content \">\n<p><span class=\"c-span  lrv-u-whitespace-nowrap\"><\/p>\n<p><\/span><\/p>\n<div class=\"o_category \">\n\t\t\t\t\t<\/div>\n<div class=\"c_title \">\n<h3 id=\"title-of-a-story\" class=\"c-title  a-font-basic-fancy u-font-size-15 u-font-size-15.5@mobile-max u-line-height-22px u-padding-r-0.188@desktop u-word-spacing-0013 u-line-height-22.5px@mobile-max a-truncate-ellipsis-4line@mobile-max a-truncate-ellipsis-3line\">\n<p>\t\t\t\t\t&lsquo;American Idol&rsquo; Music Supervisor&rsquo;s Cause of Death Revealed: Reports\t\t<\/p>\n<\/h3><\/div>\n<p><time class=\"c-timestamp  \" datetime=\"00:00-YY-DD-MM\"><\/p>\n<p><\/time><\/p><\/div>\n<p>\t\t<\/a><\/p>\n<\/div>\n<div class=\"o-card \">\n<p>\t\t\t<a tabindex=\"0\" href=\"https:\/\/www.billboard.com\/business\/touring\/dom-dolla-australia-wildlands-festival-lineup-1236049679\/\" class=\"lrv-u-color-black:hover lrv-u-flex u-flex-direction-column@desktop\"><\/p>\n<div class=\"c-lazy-image  lrv-u-margin-b-075 lrv-u-margin-b-00@mobile-max u-width-130px@mobile-max\">\n<div class=\"a-crop-6x4 a-crop-3x2@mobile-max\">\n<p>\t\t\t\t\t\t<img decoding=\"async\" class=\"c-lazy-image__img lrv-u-background-color-grey-lightest lrv-u-width-100p lrv-u-display-block lrv-u-height-auto\" src=\"https:\/\/www.billboard.com\/wp-content\/uploads\/2025\/08\/15-Dom-Dolla-pr-cr-Jamal-Eid-for-HARD-Summer-2025-billboard-1800.jpg?w=237&amp;h=147&amp;crop=1\" data-lazy-src=\"https:\/\/www.billboard.com\/wp-content\/uploads\/2025\/08\/15-Dom-Dolla-pr-cr-Jamal-Eid-for-HARD-Summer-2025-billboard-1800.jpg?w=237&amp;h=147&amp;crop=1\" alt=\"Dom Dolla performs at HARD Summer 2025.\" data-lazy-srcset=\"\" data-lazy-sizes=\"auto\" height=\"\" width=\"\"><\/p><\/div>\n<\/p><\/div>\n<div class=\"o-card__content \">\n<p><span class=\"c-span  lrv-u-whitespace-nowrap\"><\/p>\n<p><\/span><\/p>\n<div class=\"o_category \">\n\t\t\t\t\t<\/div>\n<div class=\"c_title \">\n<h3 id=\"title-of-a-story\" class=\"c-title  a-font-basic-fancy u-font-size-15 u-font-size-15.5@mobile-max u-line-height-22px u-padding-r-0.188@desktop u-word-spacing-0013 u-line-height-22.5px@mobile-max a-truncate-ellipsis-4line@mobile-max a-truncate-ellipsis-3line\">\n<p>\t\t\t\t\tDom Dolla Leads Australia&rsquo;s 2026 Wildlands Festival Lineup\t\t<\/p>\n<\/h3><\/div>\n<p><time class=\"c-timestamp  \" datetime=\"00:00-YY-DD-MM\"><\/p>\n<p><\/time><\/p><\/div>\n<p>\t\t<\/a><\/p>\n<\/div><\/div>\n<\/div>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tMusic streaming revenue had high single-digit growth, which put BMG on par with its larger competitors. That helped push digital\u2019s share of total revenue to 72% from 69% a year earlier. While subscriber growth has slowed in major markets, Coesfeld is \u201coptimistic\u201d about streaming\u2019s ability to drive continuing growth. \u201cIt\u2019s prices in the Western world, and it\u2019s usage expansion, penetration and our [royalty] pool increases in all fast-growing markets.\u201d<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tThe revenue decline was also the result of greater emphasis on digital. Back in 2023, not long after <a href=\"https:\/\/www.billboard.com\/pro\/bmg-ceo-transition-moved-up-thomas-coesfeld-replace-hartwig-masuch\/\">Coesfeld took the CEO role<\/a>, BMG <a href=\"https:\/\/www.billboard.com\/business\/touring\/bmg-exits-live-music-business-selling-stakes-undercover-karo-1235564812\/\">sold its stakes<\/a> in two live entertainment companies, Undercover and Karo, to focus on its core businesses. Physical product, which has lower margins than digital formats, also played a lesser role in the first half of the year. The decline in physical sales was \u201cvery intentional,\u201d said Coesfeld, adding that BMG\u2019s physical distributor, Universal Music Group, has helped with forecasting and adjusting order sizes to reduce inventory on hand. As a result, he said, physical sales declined but costs improved.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tBMG, which has grown through numerous acquisitions since its founding in 2008, continues to see catalog acquisitions as \u201cthe centerpiece\u201d of its strategy to acquire repertoire. BMG acquired 17 catalogs in the first half of the year, up from 10 in the prior-year period. While details on the acquisitions were not revealed, the company claimed the deals were \u201cconsistently delivering strong returns and fueling future growth.\u201d\u00a0<\/p>\n<p><a href=\"https:\/\/your-promo-link.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><br \/>\n  <img decoding=\"async\" src=\"https:\/\/i.imgur.com\/GuNYDJy.png\" alt=\"Billboard VIP Pass\" style=\"max-width: 100%;height: auto\"><br \/>\n<\/a><\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tCoesfeld also pointed to the successes of the <a href=\"https:\/\/www.billboard.com\/pro\/bmg-major-investment-frontline-releases-jon-loba\/\">front-line division in the U.S. headed by John Loba<\/a>. In the first half of the year, BMG\u2019s recorded music division had standout success from Jelly Roll, Spiritbox, yung kai, Wiz Khalifa and Billy Idol, among others. Signings and extensions in the period include MeeK, Olly Murs, Evanescence, Mark Keller, i-dle, Joyce Wrice, Fredrik and Jessi. A deal with pop hitmakers OneRepublic was <a href=\"https:\/\/www.billboard.com\/pro\/onerepublic-signs-label-deal-bmg-new-song\/\">announced in July<\/a>. <\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\t\u201cThe first song [\u201cBeautiful Colors\u201d] being released by OneRepublic, that puts BMG in a different position compared to last year,\u201d said Coesfeld. \u201cIt\u2019s in pop, it\u2019s in the U.S. And, still, at the same time, we keep releasing great songs in [the] country [genre] in the U.S. out of Nashville.\u201d\u00a0<\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.billboard.com\/pro\/bmg-earnings-first-half-2025-revenue-down-digital-share\/\">Aller \u00e0 la source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Focusing on its core digital music business helped BMG keep earnings steady on lower revenue in the first half of 2025, the company reported Thursday (Aug. 28). The Berlin-based company had revenue of 424 million euros ($463 million) in the first six months of the year, down 8% from the prior-year period. Organic revenue \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-182033","post","type-post","status-publish","format-standard","hentry","category-musique","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/182033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/comments?post=182033"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/182033\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=182033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=182033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=182033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}