Q1 2026 Earnings: Here’s What Every Music Company Made (Updating)
A roundup of Universal Music Group, Spotify, HYBE and other music companies' earnings results for the quarter ending March 31, 2026.
Black News 
Earnings season started with a bang in the music world, with two of the largest publicly traded music companies, Spotify and Universal Music Group (UMG), reporting their Q1 performances in the final week of April.
It didn’t all go smoothly. Both Spotify and UMG saw their stocks tumble following their first-quarter earnings results, which missed investors’ expectations. Spotify’s stock fell 13% in the five days after the company reported that operating income would likely fall over the next few quarters as it invests in AI, tech and marketing. UMG’s stock fell 9% in the trading day following its report that its $3.3 billion in revenue was flat compared to a banner first quarter last year.
Still, music companies’ earnings and share price performances continue to buck macroeconomic trends. South Korea’s HYBE had a record-setting quarter on the return of K-pop super-group BTS, which released its blockbuster ARIRANG album and kicked off a world tour this year, marking a long-awaited comeback after a hiatus due to the members’ completion of their mandatory military service. Meanwhile, SiriusXM stemmed the loss of subscribers with family plan subscriptions, price hikes and increased advertising revenue from Pandora.
Of course, those are just the music companies that have reported so far. Warner Music Group, Sony Music Group, Live Nation and more will report in the first full week of May.
For now, here’s a list, in alphabetical order, of the music companies that have released earnings results (as of May 1) for the quarter ending March 31, 2026. We will update the list as more companies report.
