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🇺🇸 NASDAQ:WMG

Overview Earnings Dividends

Feb 01, 2021

•

Dec 31, 2020

WMG Q1 2021 Earnings Report

Generated highest quarterly revenue in history as a standalone company, achieving strong year-over-year growth and margin expansion in key operating metrics.

Key Takeaways

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.

Generated highest quarterly revenue in history as a standalone company.

Delivered double-digit digital revenue growth driven by continued momentum in streaming.

Increased revenue contribution from emerging platforms, unlocking new value-creation opportunities.

Achieved strong year-over-year growth and margin expansion in key operating metrics.

Total Revenue

$1.34B

EPS

$0.21

Adjusted OIBDA

$282M

Cash and Equivalents

$566M

WMG

WMG

WMG Revenue by Segment

Revenue by Segment

Recorded Music Revenue

CapyFin.com

Music Publishing Revenue

CapyFin.com

Forward Guidance

Warner Music Group did not provide specific forward guidance in this earnings report.

Company Overview

Full financial data and analysis