Warner Music Group Corp. (WMG) Misses Q3 EPS by 3c

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Warner Music Group Corp. Reports Results for the Third Quarter Ended June 30, 2021

August 3, 2021 7:30 AM EDT

Financial Highlights:

Total Revenue Grew 27% Propelled by Streaming Acceleration and Partial Recovery in Certain COVID-Impacted AreasRecorded Music Streaming Revenue Grew 27% Powered by Chart-Topping New MusicRobust Growth in Revenue from Emerging Streaming PlatformsMargin Expansion and High Operating Cash Flow Conversion Driven by Strong Operating Leverage

For the three months ended June 30, 2021

Total revenue grew 33% or 27% in constant... More