Llama Group SA publishes its 2024 annual revenue
January 31 2025 - 12:30PM
Business Wire
- 2024 annual revenue: € 2.286 K
Regulatory News:
Llama Group, specialist in digital audio monetization (ISIN
code: BE0974334667 / Ticker: ALLAM), publishes its 20241
revenue.
Llama Group SA announces that its consolidated revenue
for 2024 is €2.286K, representing a 21% increase compared to
the €1.891K revenue achieved in 2023.
Performance per entity
Jamendo: Sustained Growth Driven by Technological
Optimization and New Contracts
Jamendo's revenue for 2024 reached € 2.107K, marking a
20% increase compared to 2023 (€ 1.773K). This growth is
driven by two key factors:
- Technological migration of the platform : The transition
to a new technical environment in Q4 2024 enhanced the customer
experience, leading to increased sales.
- Signing of new strategic contracts : Jamendo secured
agreements with major industry players, particularly in the field
of artificial intelligence. This growth momentum, initiated at the
end of the year, is expected to continue in 2025.
Winamp: A Structuring Phase Before Monetization
Revenue from the Winamp online platform remains marginal in the
consolidated revenue for 2024. The launch of Winamp for Creators
2.0 during the year laid the groundwork for monetization in 2025,
with advanced technical completion and a strategy focused on
accelerating artist acquisition.
Bridger: Alignment with Winamp’s Strategy
Bridger's revenue follows the same trend as Winamp. Copyright
management, a service integrated into Winamp for Creators 2.0, will
see its commercial launch aligned with that of the Winamp for
Creators platform. Nevertheless, in 2024 alone, Bridger has already
collected royalties for more than 30,000 works from over a thousand
artists.
Hotmix: Encouraging Growth Momentum
Hotmix also experienced significant revenue growth in 2024,
increasing from €111K in 2023 to €161K, a 45% rise. This growth is
driven by a technical overhaul of the Hotmix website, offering an
improved listening experience. We anticipate that this positive
momentum will continue in 2025, supported by the launch of a mobile
app in early February 2025 and a partnership strategy set to be
deployed throughout the year.
Olivier Van Gulck, CFO : "The 2024 revenue is in line
with our expectations and marks an initial progression compared to
2023. This year was dedicated to establishing the necessary
technical foundations to drive commercial growth in 2025."
Winamp: A Unique Platform to Simplify Both Artists'
Administrative Management and Their Monetization Streams
In 2024, LLAMA GROUP intensified the development of Winamp with
the goal of connecting three key communities through a single
platform:
- Music artists and labels
- Collaborators that artists can recruit globally to help
manage and monetize their work
- Content consumers
The new Winamp for Creators platform was launched in
2024.
This platform enables artists and labels to centralize all
financial streams, find collaborators, share revenues with them,
and publish content to generate new revenue streams.
As a global product, it will be the most comprehensive
solution available to artists in the market.
The Winamp Product Line Includes Two Core Offerings:
- Winamp for Creators – A unique platform providing
creators with monetization services, including music distribution,
licensing through Jamendo, copyright management via Bridger, a
fanzone, NFT creation, and the ability to recruit
collaborators.
- Winamp Player – The iconic media player has been
restructured and integrated into the new platform, offering a
seamless music listening experience. Over time, the player will
allow listeners to access the fanzone, an exclusive content space
between artists and superfans. Additionally, it will aggregate
multiple content types, including MP3s, podcasts, radio stations,
audiobooks, and connections to select music services.
The success potential of our platform is significant, as it
provides a concrete solution to the administrative and monetization
challenges faced by artists today.
Next Meeting
April 30, 2025 – Publication of the 2024 annual results
About Llama Group
Llama Group (Paris: ALLAM) (Brussels: ALLAM) is a pioneer and
leader in the digital music industry. With extensive expertise
across various sectors, the group owns the iconic Winamp platform,
the Bridger copyright management company, and the Jamendo music
licensing company. Llama Group's ambition is to build the future of
the music industry through sustained investment in a range of
innovative solutions and in the talent and skills of people who
love music. The group stands by its brand values: empowerment,
access, simplicity, and fairness. Winamp's vision is a world where
a cutting-edge music platform connects artists and their fans like
never before. Bridger's mission is to support songwriters and
composers by providing a simple and innovative solution for
collecting royalties. Jamendo enables independent artists to
generate additional income through commercial licenses. Finally,
Hotmix offers a bouquet of more than sixty thematic and free
digital radio stations.
1 Unaudited 2024 turnover
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version on businesswire.com: https://www.businesswire.com/news/home/20250131085655/en/
Investors Relations Olivier Van Gulck
investors@llama-group.com
Llama (EU:ALLAM)
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