---
schema_version: "secwatch.filing_event.v1"
accession: "0001319161-25-000005"
form_type: "8-K"
ticker: "WMG"
cik: "0001319161"
company_name: "Warner Music Group Corp."
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T01:29:46.438039+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Warner Music Group Q1 revenue falls 5% YoY to $1.67B; net income up 25% but OIBDA down 20%

## Summary
- Total revenue $1,666M, down 5% YoY; Recorded Music revenue down 7% to $1,345M, Music Publishing up 6% to $323M.
- Net income rose 25% to $241M; operating income fell 40% to $214M; adjusted OIBDA down 20% to $363M.
- Operating cash flow $332M (+13%); free cash flow $296M (+12%); reaffirms full-year subscription streaming revenue guidance.
- Announced multi-year agreement with Spotify covering both Recorded Music and Music Publishing.
- Investing in A&R and catalog acquisitions; Tempo Music investment as part of disciplined M&A strategy.

## SEC filing metadata
- accession: 0001319161-25-000005
- form_type: 8-K
- ticker: WMG
- cik: 0001319161
- company_name: Warner Music Group Corp.
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000005/0001319161-25-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1319161/000131916125000005/wmg-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001319161-25-000005
- JSON: https://secwatch.observer/filing/0001319161-25-000005.json
- Plain text: https://secwatch.observer/filing/0001319161-25-000005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.