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Headline : Believe has cash ‘firepower’ for acquisitions in 2023. What’s it going to buy?

Read more from the original article on here at www.musicbusinessworldwide.com.









Tags : #believe #cash #firepower #acquisitions #2023 #whats #it #going #buy


No. of Paragraph 41

It’s been nearly two years since Paris-headquartered music company Believe floated on the Paris Euronext.

On March 15, 2023 the company published its second full-year financial results since becoming a publicly traded entity.

Key highlights for Believe, which also owns DIY distributor TuneCore, included annual revenues of €760.8 million in FY 2022. That converts to just above USD $800 million (at average annual exchange rates as per the IRS).

That €760.8 million annual revenue figure for 2022 was up by €183.6 million YoY, or 31.8%, which marked an acceleration in growth versus the prior year for Believe.

Read more from the original article on here at www.musicbusinessworldwide.com.


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