In 2023, global recorded music revenues grew by 10.2%. This was the ninth consecutive year of global growth. Revenues increased in every region.
Digital revenues have increased steadily over the past few years and streaming continued to be the dominant format globally, accounting for 67.3% of global recorded music revenues after increasing by 10.4% in 2023. By the end of that year, there were 667 million users of paid subscription accounts globally.
