WMG Earnings Reports

Warner Music Group's total revenue decreased by 5%, but net income increased by 25% to $241 million. The results were underpinned by the performance of new releases and catalog, as well as healthy global subscriber trends.

Warner Music Group reported a 3% increase in total revenue for the fourth quarter of fiscal year 2024. Digital revenue remained flat, while net income decreased to $48 million. Adjusted OIBDA increased by 11% to $353 million. The company's performance was driven by growth in Recorded Music licensing, physical, and artist services revenue, as well as Music Publishing synchronization revenue.

Warner Music Group's Q3 2024 results showed a slight decrease in total revenue but an increase in net income and operating income. Strong subscription streaming growth and continued momentum in music publishing drove performance. The company is reiterating its full-year operating cash flow conversion guidance of 50-60%.

Warner Music Group Corp. reported a 6% increase in total revenue for the fourth quarter, reaching $1.586 billion. Net income rose to $154 million, and OIBDA increased by 19% to $291 million. The company's performance was driven by streaming growth and strength in music publishing.

Warner Music Group reported a 9% increase in total revenue and a 16% increase in Adjusted OIBDA for the third quarter of 2023. The company's growth was driven by improvements in streaming and music publishing revenue.

Warner Music Group Corp. reported a 2% increase in total revenue (5% in constant currency) for the quarter ended March 31, 2023. Digital revenue increased by 1% (4% in constant currency). Net income was $37 million, while Adjusted OIBDA increased by 4% to $286 million.

Warner Music Group Corp. reported a strong fourth quarter with revenue growth of 9% (16% in constant currency) and net income of $150 million, driven by digital revenue growth and strong performance in both Recorded Music and Music Publishing.

Warner Music Group (WMG) reported a 7% increase in total revenue (12% in constant currency) for the third quarter ended June 30, 2022. Digital revenue grew by 2% (6% in constant currency). Net income increased to $125 million, compared to $61 million in the prior-year quarter. The company's performance was driven by streaming growth and recovery of artist services, despite facing headwinds from the advertising market and unfavorable foreign currency exchange rates.

Warner Music Group reported a 10% increase in total revenue, driven by growth in digital revenue and strong performance in both Recorded Music and Music Publishing. Net income was $92 million, while OIBDA increased to $255 million.

Warner Music Group Corp. reported a 21% increase in total revenue, reaching $1.614 billion for the quarter ended December 31, 2021. Net income increased to $188 million, and Adjusted EBITDA increased 31% to $389 million.

Warner Music Group Corp. reported strong Q4 results, driven by continued momentum across traditional and emerging streaming platforms, and recovery in COVID-impacted areas. Total revenue grew by 22%, with digital revenue up 19%. The company delivered margin improvement and double-digit growth in Adjusted OIBDA and Adjusted EBITDA.

Warner Music Group (WMG) reported strong Q3 2021 results, with total revenue up 33% and digital revenue up 29%. Net income was $61 million, a significant improvement from the prior-year quarter's net loss of $519 million. Adjusted OIBDA increased by 58% to $263 million, driven by strong operating leverage. The company highlighted impressive streaming numbers and recovery in COVID-impacted areas.

Warner Music Group Corp. reported a 17% increase in total revenue for the quarter ended March 31, 2021. Net income was $117 million, a significant improvement from the prior-year quarter's net loss of $74 million. The company's success was driven by chart-topping new releases and strong performance in both Recorded Music and Music Publishing.

Warner Music Group Corp. reported its first-quarter financial results for the period ended December 31, 2020. Total revenue grew by 6%, driven by double-digit digital revenue growth and increased revenue contribution from emerging platforms. Despite the impact of COVID, the company achieved record quarterly revenue and strong growth in key operating metrics.

Warner Music Group's Q4 2020 results showed a slight increase in revenue, driven by streaming and digital growth, which was partially offset by COVID-19 related business disruptions. The company achieved significant growth in OIBDA and Adjusted EBITDA, reflecting strong operating leverage and digital transformation initiatives.

Warner Music Group Corp. reported a decrease in total revenue by 4.5% (or 3.1% in constant currency) and a net loss of $519 million, impacted by COVID-related disruptions and increased non-cash stock-based compensation expense. However, digital revenue grew by 11.1% (or 13.4% in constant currency), representing 71.3% of total revenue, and Adjusted OIBDA increased by 12.2% to $166 million.