Warner Music Group Corp. Reports Results for the Second Quarter Ended March 31, 2021

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Go back to Warner Music Group Corp. Reports Results for the Second Quarter Ended March 31, 2021

Warner Music Group (WMG) PT Raised to $43 at Guggenheim Following Earnings

May 4, 2021 3:55 PM EDT

Guggenheim analyst Michael Morris raised the price target on Warner Music Group (NASDAQ: WMG) to $43.00 (from $42.00) while maintaining a Buy rating.

The analyst commented, "WMG delivered strong F2Q results (link) with double-digit revenue growth at both Recorded Music and Music Publishing. Importantly, the... More

Warner Music Group Corp. (WMG) Tops Q2 EPS by 8c, Revenues Beat

May 4, 2021 7:32 AM EDT

Warner Music Group Corp. (NASDAQ: WMG) reported Q2 EPS of $0.23, $0.08 better than the analyst estimate of $0.15. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.18 billion.

For the three months ended March 31, 2021

Total revenue grew 17% or 13% in constant currencyDigital revenue grew 23% or 20% in constant currencyNet income was $117 million versus net loss of $74... More