APRA AMCOS has reported a record $787.9 million in group revenue for the 2024–25 financial year, up 6.5 percent from the previous year. The results mark the organisation’s highest earnings to date, but also reveal an “alarming” decline in Australian consumption of local music.

APRA Chair Jenny Morris and APRA AMCOS CEO, Dean Ormston. Photo supplied

Net distributable revenue, or royalties paid to rights holders, rose 7.8 percent to $683.4 million in the 2024–25 financial year. Digital streaming accounted for 51.3 percent of APRA AMCOS’s total revenue. This is nearly double its contributions in 2020, with growth in video subscription services such as Netflix as the biggest revenue source.

International revenue for Australian and New Zealand creators reached $98.8 million, up 14.8 percent from the previous year and OneMusic, the group’s public performance licencing arm, saw its revenue grow to $133.9 million, led by concerts and large events. The launch of a new e-commerce platform helped streamline licencing, allowing more efficient royalty collection and faster payouts.

Though CEO Dean Ormiston notes that Australians and New Zealanders “consume more music per capita than almost...