Sony Music streaming revenues hit 66.8 billion yen (£476 million) in the company’s second quarter, a year-on-year increase of 16.9%.
According to the financial results from parent Sony Corp, recorded music revenues were up 6.4% year-on-year at 112.2bn yen (£800m).
Physical sales were flat at 20.3bn yen (£145m) – another strong performance in physical from the major in physical sales this year. Universal Music has also benefited from a strong schedule boosting physical sales.
Based on revenue terms, Tool’s Fear Inoculum was the biggest seller of the quarter for Sony. The comeback retailed at more than £70 in the UK, as it came with its own screen and hardware.
Other strong performers were Lil Nas X’s Panini, Chris Brown’s Indigo and Khalid’s Free Spirit.
As a result of the EMI Music Publishing acquisition, music publishing revenues were almost double compared to Q2 2018 at 38.4bn yen (£274m).
Sony Corp’s music sales segment had sales of 219.3bn yen (£1.56bn) in Q2, up 7.5% year-on-year. Operating income was 37.5bn yen (£267m), up 19% year-on-year.
The full year revenues forecast has edged up to 850bn yen (£6.06bn).