---
schema_version: "secwatch.filing_event.v1"
accession: "0001319161-23-000017"
form_type: "8-K"
ticker: "WMG"
cik: "0001319161"
company_name: "Warner Music Group Corp."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:28:03.860053+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Warner Music Q2 net income falls 60% to $37M; adjusted OIBDA up 4%

## Summary
- Net income $37M vs $92M prior year; OIBDA $207M (-19%).
- Revenue $1.399B (+2%); digital revenue $942M (+1%).
- Recorded Music revenue flat at $1.143B; Music Publishing up 12% to $257M.
- Adjusted OIBDA $286M (+4%); free cash flow -$41M vs +$16M prior year.
- CEO optimistic on H2 with return of superstars and new global artists.

## SEC filing metadata
- accession: 0001319161-23-000017
- form_type: 8-K
- ticker: WMG
- cik: 0001319161
- company_name: Warner Music Group Corp.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1319161/000131916123000017/0001319161-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1319161/000131916123000017/wmg-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001319161-23-000017
- JSON: https://secwatch.observer/filing/0001319161-23-000017.json
- Plain text: https://secwatch.observer/filing/0001319161-23-000017.txt

## Key facts
- Earnings Releases
  Warner Music Group Corp. reported the quarter ended March 31, 2023 results: net income $37 million.
  - Period: the quarter ended March 31, 2023
  - Net income: $37 million
  - Result: reported results
  source text: For the three months ended March 31, 2023 • Total revenue increased 2% or 5% in constant currency • Digital revenue increased 1% or 4% in constant currency • Net income was $37 million versus $92 million in the prior-year quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1319161/000131916123000017/0001319161-23-000017-index.htm

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