Sony Music posted significant financial growth in Q4 2024, with overall revenue reaching $3.11 billion, marking a 14.2% year-over-year increase. Core music operations, excluding visual media and platform revenue, generated $2.69 billion, representing a 10.2% increase 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 profit: $637.67 million (28% YoY increase)
• Physical format sales: $197.93 million (4.1% YoY decrease)
• Digital downloads: $42.14 million (26.4% YoY decrease)

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 Factors:

• Exchange rate fluctuations contributed to approximately 20% of overall revenue growth
• Streaming growth showed modest improvement at 9% YoY on a U.S. dollar basis
• ePlus ticketing service consolidation impacted visual media and platform revenue
• Company raised revenue forecast by $327.24 million for the remainder of the fiscal year

The results reflect Sony Music's continued dominance in the industry while highlighting potential concerns about streaming growth plateaus. The company's diverse revenue streams and strategic acquisitions continue to drive overall growth despite declining physical sales and downloads.

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