earnings
confidence high
sentiment positive
materiality 0.80
Warner Music Group reports preliminary Q3 revenue up 10% to $1.864B, EPS $0.39 vs ($0.03) YoY
Warner Music Group Corp.
- Revenue $1.864B (+10% YoY); Recorded Music +10%, Music Publishing +12%.
- Operating income $305M (+80% YoY); Adjusted OIBDA $433M (+16%).
- GAAP EPS $0.39 vs ($0.03); Adjusted EPS $0.51 vs $0.42.
- Digital revenue +11% to $1.251B; Recorded Music streaming +12%.
- Reiterates high-single-digit revenue growth, double-digit Adj. OIBDA/Adj. EPS targets.