Warner Music Group Q4 net income $150M, revenue up 9%; names Robert Kyncl as next CEO

Warner Music Group Corp.

Q4 revenue $1,497M (+9% YoY, +16% constant currency); net income $150M vs $30M.
Q4 adjusted OIBDA $265M (+22%); adjusted EBITDA $276M (+16%); operating cash flow $406M (+78%).
Full-year revenue $5,919M (+12%); net income $555M (+81%); adjusted OIBDA $1,149M (+13%).
Music Publishing revenue up 24% in Q4 and 26% for FY; digital revenue up 7% (12% constant currency) in Q4.
CEO Steve Cooper announces Robert Kyncl will join as new CEO next year.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Warner Music Group Corp. reported the three months ended September 30, 2022 results: revenue $ 1,497, net income $150 million.

Period: the three months ended September 30, 2022
Revenue: $ 1,497
Net income: $150 million
Result: reported results

Exact text from the filing

30, 2021 % Change For the Twelve Months Ended September 30, 2022 For the Twelve Months Ended September 30, 2021 % Change (unaudited) (unaudited) (audited) (audited) Revenue $ 1,497 $ 1,376 9 % $ 5,919 $ 5,301 12 % Recorded Music revenue 1,244 1,172 6 % 4,966 4,544 9 % Music Publishing revenue 254 205 24 % 958 761 26 % Digital revenue 989 926 7 % 3,866 3,539

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Warner Music Group Corp. reported the twelve months ended September 30, 2022 results: revenue $ 5,919, net income $555 million.

Period: the twelve months ended September 30, 2022
Revenue: $ 5,919
Net income: $555 million
Result: reported results

Exact text from the filing

For the Twelve Months Ended September 30, 2022 For the Twelve Months Ended September 30, 2021 % Change (unaudited) (unaudited) (audited) (audited) Revenue $ 1,497 $ 1,376 9 % $ 5,919 $ 5,301 12 % Recorded Music revenue 1,244 1,172 6 % 4,966 4,544 9 % Music Publishing revenue 254 205 24 % 958 761 26 % Digital revenue 989 926 7 % 3,866 3,539 9 % Operating income

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Source: SEC EDGAR

accession 0001319161-22-000033

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