Warner Music Group Corp. (WMG) Misses Q1 EPS by 4c

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Warner Music Group Corp. Reports Results For Fiscal First Quarter Ended December 31, 2022

February 9, 2023 7:30 AM EST

Financial Highlights

Underlying Growth in Total Streaming Revenue Despite a Challenged Macroeconomic Environment and the Impact of an Additional Week in the Prior-Year QuarterContinued Momentum in Music Publishing with Double-Digit Revenue GrowthAdjusted OIBDA Margin Improvement Underpinned by Disciplined Operating PerformanceRobust Growth in Operating and Free Cash Flow with Strong Conversion

For the three months ended December 31, 2022

Total revenue decreased... More