In 2024, global recorded music revenues grew by 4.8%. This was the tenth consecutive year of global growth. Revenues increased in every region.

Digital revenues have increased steadily over the past few years and streaming continued to be the dominant format globally, accounting for 69.0% of global recorded music revenues after increasing by 9.5% in 2024. By the end of that year, there were 752 million users of paid subscription accounts globally.