Ed Sheeran’s annual profits have been revealed, revealing his company lost a whopping £10 million from 2021 to 2022.
His company, Ed Sheeran Limited, saw profits rise from an annual turnover of £34,161,875 in 2021 to £23,686,165 in 2022, according to a document sent to Companies House on September 29.
It’s safe to say the singer-songwriter is still in the black, making an impressive profit of £13 million after tax.
Interestingly, according to Setlist.fm, Sheeran played more concerts in 2022 than in 2021 – 78 in 2022 and 48 in 2021, which suggests more income. However, balancing this equation will likely result in record sales; Sheeran did not release an album in 2022, but released “=” it sold 1.3 million copies in 2021, becoming the fifth best-selling album of that year.
The Suffolk-born singer and guitarist has also fought several lawsuits in recent years. One of them occurred in late 2022, when he was sued for $100 million due to the song’s alleged similarities to a Marvin Gaye song. Let’s get started.
Two other artists also sued Sheeran in 2022 for copyright infringement. Your formin which he won £900,000 in legal costs.
Although he won all the lawsuits in question and remained on The Times Rich List for 2023 with a modest £300 million in the bank, he has since said it had left a mark on his mental health. “I experienced fear, depression and anxiety,” he wrote on Instagram. “I felt like I was drowning, my head was under water, I looked up, but I couldn’t break through to get some air.”
Not to mention, the time he spent on these lawsuits understandably distracted him from focusing on his work and making more music.
Government documents also show that as of 29 September 2023 the company’s total value was £33,956,143, down almost £5 million from 2022. However, considering that he just released a brand new album, Autumn variationsthere is good reason to believe he will recover financially.