Warner Music Q4 revenue $1.59B, +6% YoY; FY revenue surpasses $6B milestone

Warner Music Group Corp.

Q4 revenue $1.59B (+6% YoY); digital revenue up 8% to $1.07B.
Full-year revenue $6.04B (+2% YoY, +4% constant currency); first time above $6B.
Q4 net income $154M (vs $150M); full-year net income $439M (down 21% from $555M).
Q4 Adjusted OIBDA $317M (+20% YoY); full-year Adjusted OIBDA $1.24B (+7%).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Warner Music Group Corp. reported the quarter ended September 30, 2023 results: revenue $1,586, net income $154 million.

Period: the quarter ended September 30, 2023
Revenue: $1,586
Net income: $154 million
Result: reported results

Exact text from the filing

30, 2022 % Change For the Twelve Months Ended September 30, 2023 For the Twelve Months Ended September 30, 2022 % Change (unaudited) (unaudited) (audited) (audited) Revenue $ 1,586 $ 1,497 6 % $ 6,037 $ 5,919 2 % Recorded Music revenue 1,291 1,244 4 % 4,955 4,966 — % Music Publishing revenue 298 254 17 % 1,088 958 14 % Digital revenue 1,068 989 8 % 3,989

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Warner Music Group Corp. reported the twelve months ended September 30, 2023 results: revenue $6,037, net income $439 million.

Period: the twelve months ended September 30, 2023
Revenue: $6,037
Net income: $439 million
Result: reported results

Exact text from the filing

For the Twelve Months Ended September 30, 2023 For the Twelve Months Ended September 30, 2022 % Change (unaudited) (unaudited) (audited) (audited) Revenue $ 1,586 $ 1,497 6 % $ 6,037 $ 5,919 2 % Recorded Music revenue 1,291 1,244 4 % 4,955 4,966 — % Music Publishing revenue 298 254 17 % 1,088 958 14 % Digital revenue 1,068 989 8 % 3,989 3,866 3 % Operating

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Warner Music Group Corp. filing history →

Source: SEC EDGAR

accession 0001319161-23-000032

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