Paris-headquartered Imagine revealed its monetary outcomes for 2021 immediately (March 17).
The corporate stories that it grew its revenues by €135.8 million (30.7%) year-over-year, from €441.4 million in 2020, to €577.2 million (USD $682m) final 12 months.
These outcomes mark the corporate’s first full 12 months outcomes since floating on the Paris Euronext final summer season, the place it presently instructions a market cap valuation of €1.21 billion ($1.43bn).
In This autumn 2021 (ended December 2021), Imagine grew its revenues by 30.8% YoY to succeed in €173.1 million ($205m). Imagine additionally stories that its digital revenues have been up 35.9% YoY throughout the quarter.
Imagine stories that its digital revenues grew 33.6% YoY in 2021, and represented 90.9% of its complete revenues within the 12 months, in comparison with 89% of its complete revenues in 2020.
The corporate pins this development on development within the streaming market and “stable market share beneficial properties” and “accelerated funding in native groups”.
Final 12 months, Imagine introduced its intention to spend EUR €100 million a 12 months on buying music firms in varied fast-growing territories around the globe, with this technique ensuing within the acquisition of stakes in labels within the Philippines and India, amongst different markets.
Imagine says that the growth of its providers in key markets was major driver behind its income development, which was additionally pushed by the addition of a major variety of new artists and labels.
The corporate stories immediately that it added 150,000 artists to its books in 2021 in comparison with 2020 (presumably throughout TuneCore in addition to its artist/label providers operations).
Breaking Imagine’s outcomes down by area reveals that the corporate’s revenues in Asia Pacific and Africa mixed grew a whopping 63.4% in comparison with the prior 12 months and represented 22.6% of the corporate’s complete revenues (versus 18.1% in FY’20).
Revenues generated by Imagine in APAC / Africa, mixed, final 12 months reached €130.5 million ($154.2m), versus €79.9 million in 2020.
Imagine cites “market dynamics, notably in Asia” as having “remained sturdy all year long” and contributing to this development.
As well as, Imagine notes that it expanded its premium providers providing in a number of nations together with India, Better China and Indonesia, which, it provides, reinforces “its market place”.
In December, Sylvain Delange, Imagine’s Singapore-based Managing Director of Asia Pacific, outlined the corporate’s development and M&A technique within the Asia Pacific area and advised MBW that, “We expect that Asia Pacific goes to be the most important recorded music area within the subsequent 10 years”.
Elsewhere on the planet, Imagine’s revenues generated in Europe (excluding France and Germany) grew 35.4% to €164.7 million ($194.6m) and represented 28.5% of complete revenues in 2021 (versus 27.6% in FY’20),
Revenues from the Americas grew by 35.8% YoY to €83.5 million ($98.6m) and represented 14.5% of complete revenues (versus 13.9% in FY’20).
In France, Imagine’s revenues elevated 18.5% YoY to €96 million ($113.4m) in 2021, reportedly pushed by the sturdy efficiency of the corporate’s artist providers actions and “additional development in artists and labels options”.
In Germany, revenues elevated by 5.2% to €102.4 million ($121m) 2021.
France and Germany respectively represented 16.6% and 17.7% of Imagine’s complete revenues in 2021, versus 18.4% and 22.0% respectively in FY’20).
Imagine’s adjusted EBITDA amounted to €23.3 million ($27.5m) in 2021, a major enhance in comparison with the prior 12 months (€7.7 million).
“In 2021, Imagine has as soon as once more demonstrated its capability to ship sturdy and worthwhile development whereas persevering with to take a position for the long run.”
Denis Ladegaillerie, Imagine
Denis Ladegaillerie, Founder and CEO, stated: “In 2021, Imagine has as soon as once more demonstrated its capability to ship sturdy and worthwhile development whereas persevering with to take a position for the long run.
“We’re very proud to have attracted and supported the event of a report variety of superb impartial artists and labels around the globe all year long. We’ve continued to spend money on hiring and coaching the perfect folks in our trade and in constructing progressive digital applied sciences to develop into the perfect growth and monetization platform for digital music artists.
“A platform based mostly on the driving forces of respect, equity, transparency and experience on the middle of ‘Shaping Music for Good’, our CSR program. We ended the 12 months on a robust quarter and delivered operational and monetary outcomes effectively above preliminary goals offered at IPO, a key milestone of the 12 months.
“The present world scenario can have brief time period penalties, however the resilience of our mannequin will enable us to reap the advantages of the long-term development and transformation of the digital music and digital artist markets.”Music Enterprise Worldwide
