Believe Reports Strong $248M in Quarterly Revenue Despite Slower Organic Growth [Yahoo! Finance]
Warner Music Group Corp. - Class A (WMG)
Company Research
Source: Yahoo! Finance
The company reported an adjusted organic growth rate of 16.1%, which was in line with guidance, although down from 21.8% adjusted growth in the fourth quarter of 2023. More from Billboard Believe Board Backs Takeover Bid from Denis Ladegaillerie-Led Consortium Universal and Def Jam Expand Efforts in French-Speaking Africa HYBE Begins Audit of NewJeans' Label ADOR, Asks CEO Min Hee-Jin to Step Down Executives said they are expecting organic revenue growth of around 18% for the year thanks to the trickle-down benefit of higher subscription fees on digital streaming platforms and a rebound in ad-funded streaming in emerging markets in the second half of the year. “Our growth has been driven by our ability to grow our roster label and partners,” founder/CEO Denis Ladegaillerie said on a conference call with analysts. Some of the company's top signings in the quarter included the German hip-hop act Hava & Dadan, Indian Punjabi artists Ninja and Parmish Verma, and the Regional
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News
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- Will.i.am Joins Uproxx Studios As Partner And Investor, Which Is A Result Of An Acquisition Of Uproxx, HipHopDX, And More From WMG [Yahoo! Finance]Yahoo! Finance
- will.i.am Partners With Media Moguls To Launch UPROXX Studios [Forbes]Forbes
- UPROXX Studios Blazes Independent Path [Yahoo! Finance]Yahoo! Finance
WMG
Earnings
- 2/7/24 - Miss
WMG
Sec Filings
- 3/8/24 - Form 8-K
- 3/7/24 - Form 4
- 3/7/24 - Form 4
- WMG's page on the SEC website