Although Epidemic Sound has been making waves for years, it’s been a slow road to profitability for the Sweden-based music production house. That story seems finally to be turning around, as the company announced on Tuesday (April 25) that it swung to a positive EBITDA – albeit a small one – last year. However, the company’s operating profit (EBIT) was still in the red.
Source: With 2bn plays on YouTube per day, Epidemic Sound swung to positive EBITDA in 2022