Warner Music Posts 8% Growth in Streaming Revenue for Fiscal Year in Solid Earnings Report [Yahoo! Finance]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: Yahoo! Finance
a 7% boost in the important digital revenue category and 8.2% in streaming revenue for the year. Net income was $478 million versus $439 million in prior year, with adjusted OIBDA increased 16% to $1,432 million versus $1,235 million in prior year (the same in constant currency) The company also pointed to a fourth consecutive year of double-digit revenue growth for its Warner Chappell publishing division and the hot year from its revived Warner Records label. More from Variety Warner Music Group Promotes Eric Wong, Jessica Keeley-Carter Gregg Nadel Named Co-Chair/Co-President of Warner Music Nashville, as Ben Kline Steps Down Layoffs Begin at Atlantic Music Group The company noted that although its recorded music streaming revenue increased 6.9% (or 7.3% in constant currency), minus the ongoing impact of the termination of its distribution deal with BMG termination ($81 million) and a digital license renewal of $16 million, recorded music streaming revenue increased 9.1%
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