Warner Music Group Revenue, Income Rise In Fiscal Fourth Quarter
Revenue and income rose year-over-year for WARNER MUSIC GROUP CORP. in fiscal fourth quarter 2022, with revenue up 9% (16% in constant currency) to $1.5 billion and net income rising from $30 million to $150 million. Adjusted OIBDA increased 22% (33% in constant currency) to $265 million.The Recorded Music division's revenue increased 6% to $1.2 billion, with digital revenue up 3% to $830 million. Streaming revenue was up 4.7% (or 10.4% in constant currency), adjusted for the impact of a new ...