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Sep 30, 2023
WMG Q4 2023 Earnings Report
Reported results for the fiscal fourth quarter and full year, demonstrating revenue growth and margin expansion.
Key Takeaways
Warner Music Group Corp. reported a 6% increase in total revenue for the fourth quarter, reaching $1.586 billion. Net income rose to $154 million, and OIBDA increased by 19% to $291 million. The company's performance was driven by streaming growth and strength in music publishing.
Total revenue increased by 6%, reaching $1.586 billion.
Digital revenue increased by 8%, driven by streaming growth.
Net income was $154 million, compared to $150 million in the prior-year quarter.
OIBDA increased by 19% to $291 million, reflecting strong operating performance.
WMG
WMG
WMG Revenue by Segment
Revenue by Segment
Recorded Music Revenue
CapyFin.comMusic Publishing Revenue
CapyFin.com Forward Guidance
WMG is focusing on profitable growth and healthy cash flow conversion in 2024 by capitalizing on favorable industry trends.