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Mar 31, 2022
WMG Q2 2022 Earnings Report
Reported double-digit revenue growth, highlighting strong fundamentals and healthy streaming performance.
Key Takeaways
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.
Total revenue grew by 10%, or 13% in constant currency.
Digital revenue grew by 8%, or 11% in constant currency.
OIBDA increased by 12% to $255 million.
Music Publishing revenue experienced double-digit growth and margin improvement.
WMG
WMG
WMG Revenue by Segment
WMG Revenue by Geographic Location
Revenue by Segment
Recorded Music Revenue
CapyFin.comMusic Publishing Revenue
CapyFin.comRevenue by Geographic Location
U.S. Recorded Music Revenue
CapyFin.comU.S. Music Publishing Revenue
CapyFin.comInt’l Recorded Music Revenue
CapyFin.comInt’l Music Publishing Revenue
CapyFin.com Forward Guidance
Warner Music Group did not provide specific forward guidance in this earnings report.