Warner Music Group Revenue Rises For Fiscal Third Quarter
WARNER MUSIC GROUP CORP. fiscal third quarter 2023 total revenue rose 9% year-over-year to $1.6 billion, with recorded music revenue up 8% to $1.3 billion (including streaming revenue up by 6.3%), music publishing up 16% to $283 million (including streaming revenue up 27%), and digital revenue up 9% to $1 billion. Net income fell 1% to $124 million (23 cents/basic and diluted share), with OIBDA up 18% to $275 million.“Our Q3 results were driven by a wide diversity of music, and our ...