BMG‘s annual revenues hit EUR €866 million (USD $911m) in 2022 – climbing by €203 million, or 30.6%, year-on-year. In its annual fiscal report, Bertelsmann attributed the strong growth in BMG’s 2022 revenues and EBITDA to “organic growth in its recorded and publishing businesses… supported by an investment offensive”. That “investment offensive” involved a record €509 million ($535m) being spent on the acquisition of music catalogs plus artist signings in 2022.
Source: BMG annual revenues jumped 30.6% to over $900m in 2022, as it spent $400m on catalog acquisitions