B2B Growth Avenues

Large and Fast-Growing Music Streaming Market Worldwide Music Streaming Revenue $bn +~$20bn +~$20bn 8.0 28.2 48.0 16A 17A 18A 19A 20A 21A 22E 23E 24E 25E Source: MIDIA Research 2022-2030 global music forecasts (Jul-22); Music streaming revenue includes subscriptions and audio ad-supported (retail values). Increased Penetration Rate Higher ARPU New Sources of Revenue 10 10

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