Loading...
•
Sep 30, 2024
WMG Q4 2024 Earnings Report
WMG's performance in Q4 2024 reflected strength and adaptability in a thriving market, with revenue up by 3% and Adjusted OIBDA increasing by 11%.
Key Takeaways
Warner Music Group reported a 3% increase in total revenue for the fourth quarter of fiscal year 2024. Digital revenue remained flat, while net income decreased to $48 million. Adjusted OIBDA increased by 11% to $353 million. The company's performance was driven by growth in Recorded Music licensing, physical, and artist services revenue, as well as Music Publishing synchronization revenue.
Total revenue increased by 3% (the same in constant currency).
Digital revenue was flat compared to the prior-year quarter.
Net income was $48 million, a decrease from $154 million in the prior-year quarter.
Adjusted OIBDA increased by 11% to $353 million (the same in constant currency).
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Company is excited by the opportunities ahead, and look forward to delivering more culture-shaping music in 2025 and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
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...