secwatch.observer — SEC 8-K summary
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Issuer:     Warner Music Group Corp. (WMG)
CIK:        0001319161
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001319161-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Warner Music Q2 revenue up 7% to $1.49B; adjusted OIBDA up 9%; Music Publishing revenue up 19%
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- Revenue $1,494M (+7% YoY); net income $96M vs $37M; operating income $119M (-4%).
- Adjusted OIBDA $312M (+9%); Recorded Music revenue +4% (subscription streaming accelerating).
- Music Publishing revenue $306M (+19% YoY).
- Full-year operating cash flow conversion guidance reaffirmed at 50-60%.
- Cash used in operations $31M; free cash flow -$57M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1319161/000131916124000018/0001319161-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1319161/000131916124000018/wmg-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001319161-24-000018

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