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SONY MUSIC sales rose 16% year-over-year to ¥358.2 billion in Fiscal 2023 first quarter, credited to increased revenues from paid subscription streaming services (up 12% for recorded music to ¥164.9 billion and up 18% for music publishing to ¥41.6 billion) and the impact of foreign exchange rates.Operating income grew from ¥61 billion to ¥73.4 billion, while Adjusted OIBDA increased from ¥74.7 billion to ¥82.9 billion.The company projects a 6% increase for FY2023 ...

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 ...

Second quarter 2023 revenue dipped 3.6% year-over-year to $920 million at iHEARTMEDIA, which the company quickly noted slightly beat its guidance of "down mid-single digits" for the quarter. Excluding political revenue, revenue declined 1.8%. Consolidated Adjusted EBITDA dropped from $237 million to $191 million, and GAAP Operating Income fell from a gain of $83 million to a loss of $897 million, which includes $961 million of non-cash intangible impairment charges.The company's ...