earnings
confidence high
sentiment negative
materiality 0.70
Warner Music Q2 revenue down 1%, net income plunges 63% to $36M
Warner Music Group Corp.
- Q2 revenue $1,484M, down 1% YoY (up 1% in constant currency).
- Net income $36M, down 63% from $96M; operating income $168M, up 41%.
- Adjusted OIBDA $303M, down 3% YoY; FCF $33M vs -$57M in prior-year quarter.
- Year-to-date operating cash flow $401M (+53%); FCF $329M (+59%).
- CEO: strongest chart presence in two years, expanding US market share.