Warner Music Q4 Earnings: Flat Digital Revenue Growth, Operating Cash Flow Falls [Yahoo! Finance]
Warner Music Group Corp. - Class A (WMG)
Company Research
Source: Yahoo! Finance
GAAP EPS of $0.08 missed the analyst consensus estimate of $0.27. Revenue grew 2.8% year-on-year to $1.63 billion, beating the analyst consensus estimate of $1.59 billion Recorded Music revenue grew by 4.0% Y/Y at $1.34 billion in the quarter. Music Publishing revenue decreased by 1.0% Y/Y to $295 million. Digital revenue remained flat Y/Y at $1.07 billion. Also Read: NIO Q3 Earnings: 11.6% Gain In Vehicle Deliveries, Margins Improve, Issues Robust Q4 Delivery Outlook Adjusted OIBDA increased by 11.4% compared to the previous year, reaching $353 million, and the margin improved by 170 basis points to 21.7%, driven by strong operating performance and savings from the company's restructuring plans. Warner Music held $694 million in cash and equivalents as of September 30, 2024. It generated $304 million in operating cash flow, down from $338 million in the prior-year quarter. CEO Robert Kyncl said that Warner Music Group demonstrated its strength and adaptability this quarter
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WMG
Earnings
- 11/21/24 - Miss
WMG
Sec Filings
- 12/11/24 - Form 144
- 12/10/24 - Form 144
- 12/9/24 - Form 144
- WMG's page on the SEC website