SoundCloud has claimed the top spot in Legitary's 2023 music streaming accuracy rankings, outperforming industry leaders Spotify and Apple Music. This assessment is based on Legitary's comprehensive analysis of streaming platforms' data reporting practices throughout 2023.

Legitary, a Vienna-based AI auditing company, evaluates platforms using 'Anomaly Scores' - lower scores indicate more accurate reporting, while higher scores suggest significant misreporting of stream counts. The company has analyzed billions of streams across multiple DSPs (Digital Service Providers) to identify reporting discrepancies.

Key Findings:

• SoundCloud leads in accuracy despite having fewer subscribers than major competitors
• Spotify and Apple Music maintain strong positions in the top three
• Deezer and Apple Music showed notable improvements
• YouTube's ranking declined
• TikTok consistently ranks lowest due to its viral nature and unique tracking challenges

The Anomaly Score System:

• Measures under- and over-performance relative to total stream counts
• Compares reported numbers against expected figures based on historical data
• Considers cross-platform streaming behavior and regional variations

Nermina Mumic, Legitary's CEO, emphasizes that transparent reporting is crucial for the music industry's sustainable future. The rankings demonstrate that smaller platforms can achieve superior reporting accuracy compared to larger competitors, highlighting the importance of quality over size in data reporting.

These findings underscore the growing importance of accurate stream counting and reporting in the music streaming industry, as it directly affects artist compensation and industry transparency.

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