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Avid Announces Q2 2020 Results - 68% Year-Over-Yea

August 6, 2020, 01:08 PM

https://www.pro-tools-expert.com/home-page/2020/8/...

Avid, the makers of Pro Tools, has announced Q2 2020 results, which show some impressive numbers. If nothing else it shows just how valuable the software subscription model is for them, the company reported record subscription revenue of $16.4 million, up 68% year-over-year, a net increase of 24,000 Subscriptions in the Quarter. However total revenue was $79.3 million, down 19.7% year-over-year.

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