Loading...
•
Mar 31, 2021
WMG Q2 2021 Earnings Report
Reported double-digit revenue growth driven by strength across Recorded Music and Music Publishing.
Key Takeaways
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.
Total revenue grew by 17%, or 13% in constant currency.
Digital revenue grew by 23%, or 20% in constant currency.
Net income was $117 million, a significant improvement from the prior-year quarter's net loss of $74 million.
OIBDA increased to $228 million, compared to $12 million in the prior-year quarter.
Revenue by Segment
Forward Guidance
Company is excited about the rest of the year, as they have a fantastic slate of new music coming from established superstars and emerging talent
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...