Warner Music Group Q1 revenue down 8%; net income $124M vs $188M year ago

Warner Music Group Corp.

Revenue $1,488M, down 8% YoY (3% in constant currency); digital revenue down 5%.
Net income $124M vs $188M; adjusted net income $110M vs $223M.
OIBDA $349M (+9%); adjusted OIBDA $335M (-6%, flat constant currency).
Music Publishing revenue up 9% to $250M.
Operating cash flow $209M (+62%); free cash flow $188M (+98%).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Warner Music Group Corp. reported three months ended December 31, 2022 results: revenue $1,488, net income $124 million.

Period: three months ended December 31, 2022
Revenue: $1,488
Net income: $124 million
Result: reported results

Exact text from the filing

WMG Summary Results (dollars in millions) For the Three Months Ended December 31, 2022 For the Three Months Ended December 31, 2021 % Change (unaudited) (unaudited) Revenue $ 1,488 $ 1,614 -8 % Recorded Music revenue 1,239 1,386 -11 % Music Publishing revenue 250 229 9 % Digital revenue 952 1,002 -5 % Operating income 265 239 11 % Adjusted operating income

View on SEC.gov

Browse all earnings releases →

Warner Music Group Corp. filing history →

Source: SEC EDGAR

accession 0001319161-23-000007

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.