While the broader market continues to be mired in uncertainty, early results for major music and live entertainment companies showed consumers’ demand for streaming music, seeing shows and buying merch remains resilient.

Sony Music Group and Warner Music Group both posted double-digit percentage growth in digital and streaming revenues driven by the popularity of major end-of-year releases by artists like Rosalía and sombr. Both companies highlighted strong boosts from global concert revenue and merchandise sales, and Madison Square Garden Entertainment said ticket sales for its Christmas Spectacular show were at a 25-year high.

Results this week from streaming giant Spotify and the destination music venue Sphere will be key in determining if this is another quarter when music companies are uncorrelated to broader economic and stock market trends. U.S. consumer confidence numbers fell to worse-than-10-year lows in the final three months of last year and major U.S. indices experienced dramatic swings over interest rate concerns and a fear of a bubble for the AI stocks.

Spotify has begun to roll out another round of subscription price increases, and its executives are expected to share more about how that has impacted its churn rates and when it will show up in the bottom line.

Live Nation reports earnings on Feb. 19, while Universal Music Group, Deezer and Berlin-based BMG will report earnings in March.

Here’s a running list, in alphabetical order, of the music companies that released earnings results (as of Feb. 6) for the quarter ending Dec. 31, 2025.