earnings
confidence high
sentiment positive
materiality 0.75
Warner Music Q3 revenue up 9% to $1.56B; adjusted OIBDA up 16% to $297M
Warner Music Group Corp.
- Revenue $1,564M (+9% YoY; +10% constant currency); digital revenue up 9% to $1,027M.
- Adjusted OIBDA $297M (+16% YoY; +18% constant currency); margin expansion supports full-year guidance.
- Net income $124M vs $125M prior year; adjusted net income $146M flat YoY.
- Recorded Music revenue $1,282M (+8%); Music Publishing $283M (+16%).
- Operating cash flow $146M (-10% YoY); expects 50%-60% conversion for full year.