Mdundo’s latest results expose a structural problem inside African music streaming. Access has expanded faster than monetisation. The company reported a 25.5 percent decline in revenue in the six months to December 2025, with income falling to 4.4 million Danish Krone from 5.8 million DKK a year earlier. Subscription payments increased, yet income weakened.
The gap sits inside the billing system itself. Telecom partnerships deliver reach but introduce uneven payment cycles, revenue leakage, and lower average revenue per user….
