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Jun 30, 2020
WMG Q3 2020 Earnings Report
Warner Music Group's Q3 2020 financial results were announced.
Key Takeaways
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.
Digital revenue increased by 11.1% (or 13.4% in constant currency).
Total revenue decreased by 4.5% (or 3.1% in constant currency).
Net loss was $519 million, compared to a net income of $14 million in the prior-year quarter.
Adjusted OIBDA increased by 12.2% to $166 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Warner Music Group did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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