Warner Music Group Corp. Reports Results for Fiscal Second Quarter Ended March 31, 2024
Warner Music Group Corp. - Class A (WMG)
Company Research
Source: GlobeNewswire
Financial Highlights Solid Results Driven by Growth Across Recorded Music and Music Publishing Recorded Music Results Underpinned by an Acceleration in Subscription StreamingMusic Publishing Delivered Revenue Growth of 19%Reiterating Full-Year Operating Cash Flow Conversion Guidance of 50-60% For the three months ended March 31, 2024 Total revenue increased 7%, the same in constant currencyNet income was $96 million versus $37 million in the prior-year quarterOperating income decreased 4% to $119 million versus $124 million in the prior-year quarterAdjusted OIBDA increased 9% to $312 million, versus $286 million in the prior-year quarter, the same in constant currencyCash used in operating activities increased to $31 million, versus $6 million in the prior-year quarter NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its second-quarter financial results for the period ended March 31, 2024. “This quarter we saw a healthy, dynamic mix of hits a
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News
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- Sony Music Warns Companies to Stop Training AI on Its Artists' Content [BNN Bloomberg (Canada)]BNN Bloomberg
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- Warner Music Group Corp. to Participate in J.P. Morgan Global Technology, Media and Communications ConferenceGlobeNewswire
WMG
Earnings
- 5/9/24 - Beat
WMG
Sec Filings
- 5/13/24 - Form 8-K
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- WMG's page on the SEC website