What Every Music Company Made in Q2 2026 (Updating)

In the second quarter of 2026, numerous publicly traded music companies reported their earnings, with a majority indicating strong performance in the music industry. Sony Music experienced a 20% increase in overall revenue compared to the previous year. However, Universal Music Group's (UMG) earnings did not meet investor expectations, resulting in a 25% drop in its stock price. This decline was attributed to the company's subpar growth margins, the absence of Downtown, and its subscription streaming figures.

Warner Music Group (WMG) also reported earlier than expected, with double-digit growth in subscription streaming contributing to a significant increase in quarterly revenue. Meanwhile, in South Korea, HYBE reported robust results driven by K-pop supergroup BTS's world tour and sales of its fifth studio album, ARIRANG.

Live music companies, such as Live Nation, managed to boost their total quarterly revenue despite competition from FIFA World Cup games at stadiums. Sphere Entertainment reported a revenue increase in showings of The Wizard of Oz at their venues, despite suffering an overall operating loss.

In the satellite radio sector, SiriusXM Holdings has been experimenting with low-cost companion plans and premium channels, successfully attracting artists like Morgan Wallen and Green Day. CEO Jennifer Witz reported that this strategy has proven effective for the company.

On the streaming front, Spotify exceeded growth expectations in terms of net new premium subscribers, gross margin, and operating income, although it slightly missed earlier guidance on its monthly average users. Deezer also saw slight growth in revenue and adjusted gross profit during the first half of 2026.

This list will continue to be updated as more earnings reports are released throughout the season. The results will be presented in alphabetical order for easy reference.