Our landmark results of 2022, which saw us collect a record £964m in 2022, a year-on-year increase of 22.9%, indicate not only a dramatic recovery following the global pandemic, but an increase of £154m (18.9%) on the previous high of £810m achieved in 2019.

The big story of 2022 was the strength of the rebound in live music and that music streaming continues to be the most popular way for fans to access music.

Last year, we paid out an unprecedented £836.2m of royalties, a 23.5% (£159m) increase on 2021. The distribution in October 2022 alone was in excess of £211m, the largest single distribution in the organisation’s 108-year history. 

These ground-breaking results were delivered at a historically low cost-to-income ratio of 9.3%, excluding charitable donations and subsidies, meeting the target of achieving a cost-to-income ratio below 10% four years earlier than our five-year plan.

Read the full press release for our 2022 Financial Results here.

£Million 2022 2021 %
International 272.4 242.4 12.4
Public Performance 228.9 137.6 66.4%
Broadcast 128.7 129.3 -0.5%
Online 334 267.8 24.7%
Revenue on a constant currency basis 964 784.6 22.9%
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