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Jun 30, 2024
WMG Q3 2024 Earnings Report
Warner Music Group reported strong margin expansion and double-digit growth in operating and free cash flow, reflecting solid underlying performance and disciplined cost management.
Key Takeaways
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%.
Strong Recorded Music Subscription Streaming Growth Underpinned by a Robust Slate and Healthy Industry Trends
Continued Momentum in Music Publishing Led by Strength in Digital and Performance
Strong Margin Expansion and Double-Digit Growth in Operating and Free Cash Flow Reflect Solid Underlying Performance and Disciplined Cost Management
Reiterating Full-Year Operating Cash Flow Conversion Guidance of 50-60%
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 is focused on delivering a strong close to the year and continues to position itself for long-term success in a healthy industry.
Revenue & Expenses
Visualization of income flow from segment revenue to net income