Warner Music Group Corp. Reports Results for Fiscal Second Quarter Ended March 31, 2024
WMGWarner Music(WMG) Newsfilter·2024-05-09 19:30

Financial Highlights Solid Results Driven by Growth Across Recorded Music and Music Publishing Recorded Music Results Underpinned by an Acceleration in Subscription Streaming Music 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 currency Net income was 96millionversus96 million versus 37 million in the prior-year quarter Operating income decreased 4% to $119 millio ...