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Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2024 [Yahoo! Finance]

Warner Music Group Corp. - Class A (WMG) 
Company Research Source: Yahoo! Finance
Continued Strong Growth in Subscription Streaming Underpinned by Healthy Macro Trends Music Publishing Achieves its Fourth Consecutive Year of Double-Digit Revenue Growth Delivered Operating Cash Flow Conversion of % in line with Guidance For the three months ended September 30, 2024 Total revenue increased (the same in constant currency) Digital revenue was flat compared to prior-year quarter Net income was $48 million versus $154 million in prior-year quarter Adjusted OIBDA increased to $353 million versus $317 million in prior-year quarter (the same in constant currency) Cash provided by operating activities decreased to $304 million from $338 million in prior-year quarter For the twelve months ended September 30, 2024 Total revenue increased , or in constant currency Digital revenue increased , or in constant currency Net income was $478 million versus $439 million in prior year Adjusted OIBDA increased to $1,432 million versus $1,235 million in prior ye Show less Read more
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