Warner Music Q1 revenue up 10% to $1.84B; Adjusted OIBDA up 28%; declares $0.19 dividend

Warner Music Group Corp.

Revenue $1,840M (+10% YoY); Recorded Music +10%, Music Publishing +12%.
Operating income $288M (+35%); Adjusted OIBDA $463M (+28%); Net income $175M (-27%).
Cash from operations $440M (+33%); Free cash flow $420M (+42%).
Board declared $0.19/share quarterly dividend, payable Mar 3 to holders of record Feb 18.
2026 outlook: strategic plan to drive 150-200 bps margin improvement through investments and cost savings.

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