secwatch.observer — SEC 8-K summary
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Issuer:     Warner Music Group Corp. (WMG)
CIK:        0001319161
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001319161-23-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Warner Music Q3 revenue up 9% to $1.56B; adjusted OIBDA up 16% to $297M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1319161/000131916123000025/0001319161-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1319161/000131916123000025/wmg-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001319161-23-000025

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