Winamp Group SA reported consolidated revenue of €1.040 million for the first half of 2026, down from €1.131 million in the first half of 2025. The company attributes the current revenue levels to the time lag between artist acquisition and the full monetization of its integrated ecosystem services. During the period, the group focused on expanding its "Business Engine for Artists" and strengthening its financial position through capital increases and debt restructuring.

Strategic Developments

Winamp for Artists expanded its service offerings during the first half of 2026 with the launch of a Website Builder, Fanzone, and a global Merchandising offering. These new services complement existing tools for music distribution, licensing, and rights management. The group’s strategy relies on cross-selling and upselling within a single ecosystem to increase the value generated per artist over time.

Bridger, the group's rights management platform, continued its international expansion by signing several dozen new agreements with collective management organizations worldwide. These agreements expand both geographical reach and rights categories. The first revenues from these recent agreements have begun to be collected, marking the gradual commercial ramp-up of this segment.

Legal and Financial Actions

Jamendo pursued legal actions before U.S. federal courts against NVIDIA and Suno regarding the alleged unauthorized use of musical content in artificial intelligence technologies. Proceedings in Belgium are also ongoing. These actions reflect the group's commitment to protecting artists' rights in the evolving technological landscape.

Financially, Winamp Group completed several capital increases and debt-to-equity conversions, strengthening shareholders' equity by approximately €2.45 million. The group finalized a settlement by Azerion related to the sale of Radionomy/Targetspot, repaid approximately €5.2 million of debt to a long-standing financial partner, and agreed to restructure the remaining balance over a 36-month period.

Financial Performance

The group stated that current revenue does not yet reflect the full monetization potential of its ecosystem. Based on its business model, Winamp Group estimates a fully engaged artist could generate an annual gross margin of approximately €250 from their third year within the ecosystem.

Outlook

For the second half of 2026, Winamp Group plans to continue expanding Winamp for Artists and extending Bridger's international rights coverage. The group will also refine its artist acquisition and conversion strategies. The H1 2026 results are scheduled for publication on October 30, 2026.

Winamp Group has expanded the international rights coverage of its Bridger copyright management platform through new partnerships in Italy, Portugal, Slovenia and India. The agreements extend Bridger's collection capabilities beyond online mechanical rights to include public performance rights, offline mechanical rights, and historical collections. This expansion allows for the collection of revenues from music uses outside streaming platforms, such as radio and television broadcasts, commercial venues, live events, and physical media.

The new agreements were signed with SIAE in Italy, SPA in Portugal, SAZAS in Slovenia, and The Indian Performing Right Society Limited (IPRS) in India. In Europe, these partnerships expand the collection of additional rights categories across key markets. The agreement with IPRS in India completes Bridger's coverage by enabling the collection of both mechanical and public performance rights across online and offline uses.

Bridger has begun to receive the first revenues generated under unilateral agreements concluded over the past few months. This development illustrates Bridger's ability to translate the expansion of its rights coverage into new revenue opportunities for creators. The initial results validate the platform's strategy and strengthen its value proposition within the Winamp for Creators ecosystem.

"After establishing strong coverage of online mechanical rights, we are now expanding our collection capabilities into additional categories of rights that represent significant incremental revenue opportunities for creators," said Alexandre Saboundjian, CEO of Winamp and Bridger. "The first revenues generated by the agreements concluded over recent months demonstrate that this strategy is already delivering tangible results and reinforce our ambition to make Bridger one of the most comprehensive rights management platforms in the industry."

Winamp Group is currently finalizing additional agreements to further expand Bridger's international rights coverage. The company is scheduled to release its H1 2026 revenue on July 31, 2026.

New Partnership Agreements