earnings
confidence high
sentiment positive
materiality 0.75
Warner Music Q3 revenue $1.86B (+10%); net income $200M; dividend $0.20
Warner Music Group Corp.
- Revenue $1,864M (+10% YoY); Recorded Music +10%, Music Publishing +12%.
- Net income $200M vs loss $16M; operating income $305M (+80%); adjusted OIBDA $433M (+16%).
- EPS $0.39 vs $(0.03); adjusted EPS $0.51 vs $0.42.
- Cash from ops $142M vs $46M; free cash flow $114M vs $7M.
- Dividend $0.20/share declared, payable Sept 1, record Aug 20.