Warner Music Group Corp. (WMG) Misses Q2 EPS by 4c

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Go back to Warner Music Group Corp. (WMG) Misses Q2 EPS by 4c

Warner Music Group Corp. Reports Results for Fiscal Second Quarter Ended March 31, 2022

May 10, 2022 7:30 AM EDT

Financial Highlights

Double-Digit Revenue Growth Highlighting Strong FundamentalsHealthy Streaming Performance Driven by Growth in Traditional and Emerging Streaming PlatformsStrong Margins Despite Continued Recovery in Lower-Margin Artist Services RevenueContinued Momentum in Music Publishing with Double-Digit Revenue Growth and Margin Improvement

For the three months ended March 31, 2022

Total revenue grew 10% or 13% in constant currencyDigital revenue grew 8% or 11% in constant currencyNet income was $92 million versus $117 million in the prior-year quarterOIBDA increased... More