Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2024
Warner Music Group Corp. - Class A (WMG)
Company Research
Source: GlobeNewswire
Financial Highlights Full-Year Results Reflect Healthy Performance Across Recorded Music and Music PublishingContinued Strong Growth in Subscription Streaming Underpinned by Healthy Macro TrendsMusic Publishing Achieves its Fourth Consecutive Year of Double-Digit Revenue GrowthDelivered Operating Cash Flow Conversion of 53% in line with Guidance For the three months ended September 30, 2024 Total revenue increased 3% (the same in constant currency)Digital revenue was flat compared to prior-year quarterNet income was $48 million versus $154 million in prior-year quarterAdjusted OIBDA increased 11% to $353 million versus $317 million in prior-year quarter (the same in constant currency)Cash provided by operating activities decreased 10% to $304 million from $338 million in prior-year quarter For the twelve months ended September 30, 2024 Total revenue increased 6%, or 7% in constant currencyDigital revenue increased 7%, or 8% in con
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News
- Warner Music Group (WMG) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Why Warner Music Group (WMG) Shares Are Plunging Today [Yahoo! Finance]Yahoo! Finance
- Warner Music Q4 Earnings: Flat Digital Revenue Growth, Operating Cash Flow Falls [Yahoo! Finance]Yahoo! Finance
- Warner Music Quarterly Revenue Rises, But Earnings Shrink [Yahoo! Finance]Yahoo! Finance
- Warner Music Group's (NASDAQ:WMG) Q3: Beats On Revenue [Yahoo! Finance]Yahoo! Finance
WMG
Earnings
- 11/21/24 - Miss
WMG
Sec Filings
- 11/21/24 - Form S-3ASR
- 11/21/24 - Form 10-K
- 11/21/24 - Form 8-K
- WMG's page on the SEC website