Mid 2022 RIAA Music Revenue & Sales Statistics

All Image Credit: RIAA

The Recording Industry Association of America (RIAA), advocates for the recorded music business and associated companies within the USA.

Many music formats have experienced a healthy and continued increase in their values in the first half of 2022.

U.S. recorded music revenues rose 9% to $7.7 billion at estimated retail value, building on the strong growth experienced in 2021.

Streaming revenues from paid subscriptions, ad-supported services, and other formats grew 10% to $6.5 billion during this period.

The number of paid music subscriptions and on-demand music streaming services continued to built on the record high levels from 2021. For the first half of 2022, the average number of total subscriptions reached a record 90 million, up 10% compared with 82 million for the first half of 2021.

After a remarkable growth in 2021 vinyl record sales continued to rise in the first half of 2022. Revenues from vinyl albums grew 22% to $570 million, and vinyl’s share of the physical market increased from 68% to 73%. Revenues from CDs fell just 2% to $200 million, and accounted for 26% of physical revenues.

Below is the financial breakdown of the various music sectors and formats.

As can be seen paid subscriptions continued to be the largest driver of music revenues growing approx. 10% to $5.0 billion, followed by physical media that grew approx. 13.0% or $91 million with digital permanent downloads bringing up the rear and shrinking by approx. 19% or $60 million.

Very interesting to see that CD sales are still dropping while vinyl sales continue to grow and build on a strong comeback.

For full details read the RIAA music business PDF.

For more on the RIAA visit their web site.

Here are the RIAA details for Year End 2021.