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Stock impact report

Warner Music Group Corp. Reports Results for the Second Quarter Ended March 31, 2021

Warner Music Group Corp. (WMG)  More Company Research Source: GlobeNewswire
PDF Financial Highlights: Double-Digit Revenue Growth Highlighted by Strength across Recorded Music and Music PublishingRecorded Music Streaming Revenue Grew 20% Driven by Chart-Topping New MusicRevenue Attributable to Emerging Streaming Platforms Continues to Show Accelerated GrowthContinued Margin Expansion and High Free Cash Flow Conversion For the three months ended March 31, 2021 Total revenue grew 17% or 13% in constant currencyDigital revenue grew 23% or 20% in constant currencyNet income was $117 million versus net loss of $74 million in the prior-year quarterOIBDA increased to $228 million versus $12 million in the prior-year quarterAdjusted OIBDA increased 21% to $255 million versus $210 million in the prior-year quarterAdjusted EBITDA increased 25% to $268 million versus $214 million in the prior-year quarter NEW YORK, May 04, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its second-quarter financial results for the period ended March 3 [Read more]
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