---
schema_version: "secwatch.filing_event.v1"
accession: "0001319161-23-000007"
form_type: "8-K"
ticker: "WMG"
cik: "0001319161"
company_name: "Warner Music Group Corp."
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T19:35:09.007452+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%).

## SEC filing metadata
- accession: 0001319161-23-000007
- form_type: 8-K
- ticker: WMG
- cik: 0001319161
- company_name: Warner Music Group Corp.
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1319161/000131916123000007/0001319161-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1319161/000131916123000007/wmg-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001319161-23-000007
- JSON: https://secwatch.observer/filing/0001319161-23-000007.json
- Plain text: https://secwatch.observer/filing/0001319161-23-000007.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1319161/000131916123000007/0001319161-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.