Believe's revenue increased 12% to $1 billion

Believe, a Paris-based music company, reported a 12.3% revenue increase to €988.8 million ($1.05 billion) for 2024. Organic growth was 11.5%, with adjusted earnings before interest, taxes, depreciation, and amortization rising 33.5% to €67.1 million ($71 million). The company forecasts 13.0% organic growth for 2025, despite limited ad-funded streaming growth. Believe's revenue growth was driven by strong performance in premium and automated solutions, with digital sales growing over 10% throughout the year. In 2024, Believe expanded its operations by launching new imprints in Asia and acquiring several record labels. Revenue growth varied by region, with European revenues (excluding France and Germany) up 23.3%, while growth in Asia Pacific and Africa was slower at 3.5%.