UPDATE: BofA Securities Double Downgrades Warner Music Group (WMG) to Underperform
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Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2021
November 15, 2021 7:30 AM ESTFinancial Highlights
Continued Momentum Across Traditional and Emerging Streaming Platforms Drove Double-Digit Digital Revenue Growth for the Quarter and Full Year Recovery in COVID-Impacted Areas Led by Strong Growth in Artist Services and Physical Revenue Delivered Margin Improvement and Double-Digit Growth in Adjusted OIBDA and Adjusted EBITDARobust Free Cash Flow Conversion and Growth Underpinned by Strong Operating Leverage and Financially Disciplined InvestmentsFor the three months ended September 30,... More
