Beatport Announces Two Major Deals, Claims More Than $100M in 2023 Revenue

Beatport is kicking off the new year with a pair of key offerings. CFO of the company Matt Grallen will now also serve as president, while Helen Sartory will serve as the head of revenue for all of the company's revenue drivers, including electronic music digital download store Beatport and open-format music download platform Beatsource, along with Plugin Boutique, Loopcloud, LabelRadar and Beatport Amp.

Both Gralen and Sartory will continue to report to Beatport's CEO Robb McDaniels, with Gralen and McDaniels working together on company strategy and Sartory overseeing the next phase of Beatport Group's strategic growth. Both are based in the company's London offices.

The company reports that Beatport's annual revenue has more than tripled since McDaniels took over as CEO in 2017. A Beatport spokesperson says Advertising sign that the company's annual revenue for 2023 was “well above” $100 million. In 2022, the digital service claimed to have sold 25,519,770 song downloads — representing nearly 12% of all tracks downloaded worldwide.

“Matt and Helen have proven themselves as trusted leaders through building our product portfolio, supporting our team and culture, and delivering profitable growth,” McDaniels said in a statement. “We believe that, just as streaming has revolutionized the music industry over the past decade, a major shift to more engaged and interactive experiences is coming. DJs are the originators of this movement and all types of creators and fans are coming together. I am delighted that Matt and Ellen are taking on expanded roles as we continue to invest in this future.”

Before starting at Beatport, Gralen served as executive vice president of corporate development at UnitedMasters, a distribution platform for independent artists. He also previously held positions at Mass Appeal, Raine Group and Goldman Sachs.

“Our team at Beatport cares deeply about the future of music for creators and fans, and we believe that strong businesses can help drive positive change,” Gralen added. “I am incredibly grateful for the opportunity I have in front of me and the team I work with. We all look forward to delivering for the global Beatport community.”

Sartory has been with Beatport for a year and a half and most recently served as senior vice president of creator services. He previously held positions at The Rattle, Greenhill & Co. and Lazard.

“The last year and a half at Beatport has been incredibly rewarding,” said Sartory. “We've built innovative tools and technology for artists, producers and labels, and increased incremental revenue opportunities along the way. I look forward to working with the entire Beatport team in this expanded role to continue to transform our business.”