secwatch.observer — SEC 8-K summary
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Issuer:     Warner Music Group Corp. (WMG)
CIK:        0001319161
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001319161-25-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1319161/000131916125000005/0001319161-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1319161/000131916125000005/wmg-20250206.htm
  HTML page:      https://secwatch.observer/filing/0001319161-25-000005

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