secwatch.observer — SEC 8-K summary
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Issuer:     Warner Music Group Corp. (WMG)
CIK:        0001319161
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001319161-23-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1319161/000131916123000017/0001319161-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1319161/000131916123000017/wmg-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001319161-23-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer