WARNER MUSIC GROUP CORP. REPORTS RESULTS FOR FISCAL THIRD QUARTER ENDED JUNE 30, 2024
Warner Music Group Corp. reported its fiscal third-quarter results for the period ended June 30, 2024, highlighting a 14% increase in net income compared to the prior year. Despite a 1% decrease in total revenue, growth in subscription streaming and digital revenue helped offset losses from contract terminations. Operating income rose by 10% to $207 million, driven by strong cash flow and disciplined cost management. The company emphasizes its commitment to artist development and positioning for future growth in a healthy industry environment.
Published on Thursday, January 1, 1970 at 12:00 AM
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Warner Music Group
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