# Q3 Music Earnings Roundup: Here’s What Every Company Made (Updating)

- URL: https://talkfuse.com/story/q3-music-earnings-roundup-heres-what-every-company-made-updating/
- Published: 2026-10-30T19:43:17+00:00
- Updated: 2026-10-30T20:49:38+00:00
- Original publisher: Billboard
- Original article: https://www.billboard.com/lists/spotify-umg-music-q3-earnings-reports-every-company-made/
- Topics: Art, Business, Companies, Culture, Entertainment, Markets, Music

## Key points

- Music companies are prioritising profitable growth and lower costs.
- Deezer revenue reached €133.8 million, up 1% in constant currency.
- UMG sees streaming subscriptions as a major future growth driver.

## Summary

Major music companies reported third-quarter results as they navigated rising costs and economic uncertainty. Spotify maintained subscriber growth and posted record gross margins, while Deezer and SiriusXM raised their full-year profitability outlooks, highlighting a focus across the sector on profitable growth and cost control.

Deezer’s revenue rose 1% in constant currency to €133.8 million, with subscriber revenue up 6.4% to €94.1 million; its French subscriber base grew 6.5%. Outside France, direct subscribers increased 4% to 5.8 million, while subscribers through business partnerships fell 17% as Deezer wound down some lower-margin deals. UMG’s subscription and streaming revenue grew 8.4% organically, and SiriusXM added 5,000 self-pay subscribers while reducing churn to 1.5%; the article says the roundup will be updated as more results emerge.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.