secwatch.observer — SEC 8-K summary
======================================

Issuer:     Warner Music Group Corp. (WMG)
CIK:        0001319161
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001319161-24-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Warner Music Q3 net income up 14% to $141M; Adj. OIBDA +6% to $316M; revenue -1%
--------------------------------------------------------------------------------

- Revenue down 1% to $1,554M (up 1% CC); Recorded Music -2%, Publishing +8%.
- Net income $141M (+14%); Operating income $207M (+10%); Adj. OIBDA $316M (+6%; +8% CC).
- Cash from operations $188M (+29%); Free cash flow $160M (+42%).
- Reiterated FY operating cash flow conversion guidance of 50-60%.
- CEO cites strong subscription streaming growth; CFO highlights margin expansion and cost discipline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1319161/000131916124000025/0001319161-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1319161/000131916124000025/wmg-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001319161-24-000025

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