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Believe Reports Strong $248M in Quarterly Revenue Despite Slower Organic Growth
Believe earnings in Q1 2024 show revenue is strong but growth slowed from 2023. Executives also provided a timeline of taking the company private.
“Our growth has been driven by our ability to grow our roster label and partners,” founder/CEO Denis Ladegaillerie said on a conference call with analysts. The Paris-based music company also provided an update on the timeline to take Believe private via a consortium of buyers, which includes Ladegaillerie. “It is probable that it is going to happen in the next few days,” Xavier Dumont, Believe’s CFO/chief strategy officer said on a conference call discussing the company’s earnings on Wednesday.
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