Page 5 - Eric Levin News Today

Warner Music's CFO called on streaming services to raise subscription prices during a JP Morgan Chase conference on Monday.

NEW YORK, May 15, 2023 -- Warner Music Group Corp. announced today that Eric Levin, Executive Vice President and Chief Financial Officer, will participate in a question and answer session during... | May 15, 2023

Operator: Welcome to Warner Music Groups Second Quarter Earnings Call for the period ended March 31, 2023. At the request of Warner Music Group, todays call is being recorded for replay purposes.

Warner Music Group's revenue is showing signs of a second half rebound after two quarters of diminished revenue growth.

WMG earnings call for the period ending March 31, 2023.

Warner Music stock fell nearly 10% after its lackluster earnings report on Tuesday, with recorded music revenue roughly flat over the year-ago period.

WARNER MUSIC GROUP CORP. fiscal second quarter 2023 total revenue increased 2% (5% in constant currency) year-over-year to $1.4 billion, with recorded music revenue flat at $1.1 million, music publishing revenue up 12% to $257 million, and digital revenue up 1% to $942 million. Net income fell 60% to $37 million (6 cents/basic and diluted share), while Adjusted net income rose 5% to $116 million. OIBDA dipped 19% to $207 million, and Adjusted OIBDA rose 4% to $286 million. The labels top ...

Slow quarter for releases held recorded revenues flat, but recent Ed Sheeran, Jack Harlow releases expected to boost WMG's second half

Investors weren't happy to see sluggish sales growth in the first quarter.

Warner Music Group shares were trading downwards on Tuesday morning after its fiscal 2Q earnings came in well below estimates. The firm reported quarterly...