NEW YORK, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, February 6, 2025, for the first quarter ended December 31, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here. Once registered, you will receive an email with the dial-in number along with your personalized pin needed to join the call. We suggest you call in 10 minutes prior to the start time. If you do not anticip ...

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Warner Music Group Corp WMG reported downbeat fiscal fourth-quarter 2024 earnings on Thursday. GAAP EPS of 8 cents missed the analyst consensus estimate of 27 cents. Revenue grew 2.8% year-on-year to $1.63 billion, beating the analyst consensus estimate of $1.59 billion. Recorded Music revenue grew by 4.0% Y/Y at $1.34 billion in the quarter. Music Publishing revenue decreased by 1.0% Y/Y to $295 million. Digital revenue remained flat Y/Y at $1.07 billion. Adjusted OIBDA increased by 11.4% compared to the p ...

Warner Music Group Corp. (NASDAQ:WMG) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Kareem Chin - Head, Investor Relations Robert Kyncl - Chief Executive Officer Bryan Castellani - Chief Financial Officer Conference Call Participants Kutgun Maral - Evercore ISI Benjamin Swinburne - Morgan Stanley Jason Bazinet - Citi Benjamin Black - Deutsche Bank David Karnovsky - J.P. Morgan Devin Brisco - Wolfe Research James Heaney - Jefferies Batya Levi - UBS Stephen Laszczyk - Gold ...

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -71.43%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.27, delivering a surprise of 8%.Over the last four quarters, the com ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Warner Music Group Corp. (Exact name of registrant as specified in its charter) FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-32502 Delaware (State or other jurisdiction of incor ...

Financial Highlights Full-Year Results Reflect Healthy Performance Across Recorded Music and Music PublishingContinued Strong Growth in Subscription Streaming Underpinned by Healthy Macro TrendsMusic Publishing Achieves its Fourth Consecutive Year of Double-Digit Revenue GrowthDelivered Operating Cash Flow Conversion of 53% in line with Guidance For the three months ended September 30, 2024 Total revenue increased 3% (the same in constant currency)Digital revenue was flat compared to prior-year quarterNet i ...

WARNER MUSIC GROUP CORP. REPORTS RESULTS FOR FISCAL FOURTH QUARTER AND FULL YEAR ENDED SEPTEMBER 30, 2024 Financial Highlights • Full-Year Results Reflect Healthy Performance Across Recorded Music and Music Publishing • Continued Strong Growth in Subscription Streaming Underpinned by Healthy Macro Trends • Music Publishing Achieves its Fourth Consecutive Year of Double-Digit Revenue Growth • Delivered Operating Cash Flow Conversion of 53% in line with Guidance For the three months ended September 30, 2024 • ...

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) --  Warner Music Group Corp. will release its financial results on Thursday, November 21, 2024, for the fourth quarter and fiscal year ended September 30, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here. Once registered, you will receive an email with the dial-in number along with your personalized pin needed to join the call. We suggest you call in 10 minutes prior to the start time. I ...

BofA Securities analyst Jessica Reif Ehrlich downgraded Warner Music Group Corp WMG from Neutral to Underperform and lowered the price target from $33 to $30. The price target is approximately 12 times the calendar year 2025 OIBDA (previously 13 times the 2025 OIBDA). Given the analyst's better long-term growth outlook, the multiple represents an approximately 25% premium to its media and entertainment coverage universe. Also Read: Sony Eyes $500M Deal for Pink Floyd's Iconic Music Catalog: Report Warner Mu ...