Warner Music Quarterly Revenue Rises, But Earnings Shrink [Yahoo! Finance]
Warner Music Group Corp. - Class A (WMG)
Company Research
Source: Yahoo! Finance
The bottom line drop disclosed on Thursday was put down to higher interest expense and the impact of exchange rates on the company's Euro-denominated debt, producing a loss of $35 million in the quarter, against a gain of $25 million in the prior-year quarter. More from The Hollywood Reporter Social Listening Platform Hangout Launches With Universal, Sony, Warner Music Backing Amazon Adds AI-Generated Recaps to Prime Video Offerings The 'Endurance' Filmmakers on Bringing Ernest Shackleton Back From the Dead With AI Recorded music revenue rose 4 percent to $1.33 billion on growth across licensing, digital, physical and artist services and higher rights revenue. That was offset by music publishing revenue off 1 percent to $295 million due to the end of a distribution agreement with BMG, which meant $25 million less in overall revenue. Major sellers in the quarter included Benson Boone, Charli XCX, Zach Bryan and Teddy Swims. The major label has been seeing revenue growth
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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