secwatch.observer — SEC 8-K summary
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Issuer:     Warner Music Group Corp. (WMG)
CIK:        0001319161
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0001319161-22-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1319161/000131916122000033/0001319161-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1319161/000131916122000033/wmg-20221122.htm
  HTML page:      https://secwatch.observer/filing/0001319161-22-000033

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