Sfera Ebbasta's Cupido posts record revenue; rapper says no Sanremo participation

Italian rapper Sfera Ebbasta's music company Cupido Srl, controlled by Money Gang Holding, reported record revenues of €7.611 million for the last fiscal year, up from €4.457 million the previous year. Net profit nearly doubled to €3.954 million and the firm retained earnings in an extraordinary reserve, with cash and liquid assets rising to €3.349 million.

Separately, Ebbasta confirmed he has never entered the Sanremo Music Festival, explaining that the competition does not fit his artistic path. He dismissed rumours of exclusion as a joke and said he might consider appearing as a guest, but has no plans to compete.