WMG FY2024 revenue up 6% to $6.43B; Q4 net income falls 69% to $48M

Warner Music Group Corp.

Q4 revenue $1.63B (+3% YoY); digital revenue flat; net income $48M vs $154M YoY (down 69%).
Full-year revenue $6.43B (+6%); net income $478M (+9% YoY).
Adjusted OIBDA $353M in Q4 (+11%); full year $1.43B (+16%).
Music Publishing full-year revenue $1.21B (+11%), fourth consecutive year of double-digit growth.
Operating cash flow $754M (+10%); free cash flow $638M (+14%).

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