The company, which announced in April it will acquire Concord, said it has invested a record amount into music rights catalogs.

BMG's 'Midnight' logo.

Courtesy of BMG

BMG said on Friday (Aug. 28) that its revenue for the first six months of the year rose 5% to 444 million euros ($518.7 million) due to growth in recorded music streaming subscriptions.

The German-owned music company said its earnings before interest, tax, depreciation and amortization (EBITDA) rose 4% to 127 million euros ($148.4 million), for a 29% EBITDA margin. Adjusted operating EBITDA also hit 127 million euros, having risen 42% since 2023, the company said.