Abstract

This report forecasts the Australian music streaming industry’s online revenues. The market, once fragmented, is now dominated by Spotify, Apple Music, Amazon Music, and YouTube Music. With maturing subscription growth, major operators have increased prices, sustaining revenue expansion. Between FY23 and FY28, the industry is projected to grow subscription revenue at 11.0%, when it will finally account for 94% of industry revenues. Advertising revenues are also expected to grow at 6.9% and will comprise the balance of total industry revenues.