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Believe Revenue Up 14% in First Half of 2024
Believe's H1 2024 earnings show that revenue was up 14% in the first half of the year with the help of its 2023 acquisition of Sentric Music Group.
“Despite persistent market headwinds in some of our key territories, Believe continued to generate solid profitable growth during the semester,” CEO Denis Ladegaillerie said in a statement. “We pursued our strategic roadmap to build the best artist development company in the music industry, while finalizing the restructuring of our capital structure providing us with greater financial flexibility and partners who can accelerate our profitable growth story.” Thursday’s earnings release was Believe’s first since a consortium including Ladegaillerie acquired nearly all of the company’s shares through a tender offer that ended June 21.
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