Paris-headquartered music company Believe has published its financial results for FY 2024 (the 12 months ending December 31).
According to Believe’s filing, the company generated revenues of EUR €988.8 million in 2024 across its entire business. That annual revenue figure converts to USD $1.070 billion at the annual EUR-USD exchange rate published by the IRS.
The company’s FY revenues grew by €108.5 million ($117.42m), from €880.3 million in 2023, reflecting an increase of 12.3% YoY. On an organic basis (at a like-for-like perimeter and constant exchange rate), Believe’s revenues grew 11.5% YoY.
Believe said in its filing on Thursday that it “saw a record-breaking year for its artists around the world, generating more than 800 billion streams globally”. The company added that 2024 “was a transformative year across the business…”
