On the label front, as of Aug. 3, Sony Music showed solid results, with overall revenue surging by 20% year-over-year. Universal Music Group (UMG) earnings were met with a 25% decline in its share price after investors were disappointed by the company’s growth margins minus Downtown, along with its subscription streaming figures. Warner Music Group (WMG), which reported earlier than expected, saw double-digit subscription streaming growth contribute to a double-digit percentage uptick in quarterly revenue. In live music, Live Nation managed to increase its total quarterly revenue by a significant margin despite competition from FIFA World Cup games at stadiums. Deezer reported that revenue and adjusted gross profit edged slightly higher in the first half of 2026.