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Warner Music(WMG) - 2024 Q2 - Earnings Call Transcript
2024-05-09 18:51
Warner Music Group Corp. (NASDAQ:WMG) Q2 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Robert Kyncl - Chief Executive Officer Bryan Castellani - Chief Financial Officer Kareem Chin - Head of Investor Relations Conference Call Participants Benjamin Black - Deutsche Bank Batya Levi - UBS Michael Morris - Guggenheim Securities David Karnovsky - J.P. Morgan Stephen Laszczyk - Goldman Sachs Operator Welcome to Warner Music Group's Second Quarter Earnings Call for the period ended M ...
Warner Music slides despite rising sales and profits
Proactive Investors· 2024-05-09 15:19
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Warner Music Group Corp. (WMG) Q2 Earnings and Revenues Beat Estimates
Zacks Investment Research· 2024-05-09 13:46
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 63.64%. A quarter ago, it was expected that this company would post earnings of $0.43 per share when it actually produced earnings of $0.30, delivering a surprise of -30.23%.Over the last four quarters, the ...
Warner Music Group (WMG) stock jumps as total revenue rises 7% in Q2
Invezz· 2024-05-09 12:10
Warner Music Group (NASDAQ:WMG) stock has jumped by almost 2% after the group reported a strong financial performance for the fiscal second quarter ending March 31, 2024, showcasing robust growth across its Recorded Music and Music Publishing divisions. At press time, May 9, 2024 at 07:32 GMT-4, the Warner Music Group (WMG) stock was trading at $35.65, up +0.56 (1.60%) from the previous market close.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The ...
Warner Music Group Corp. Reports Results for Fiscal Second Quarter Ended March 31, 2024
Newsfilter· 2024-05-09 11:30
Financial Highlights Solid Results Driven by Growth Across Recorded Music and Music Publishing Recorded Music Results Underpinned by an Acceleration in Subscription StreamingMusic Publishing Delivered Revenue Growth of 19%Reiterating Full-Year Operating Cash Flow Conversion Guidance of 50-60% For the three months ended March 31, 2024 Total revenue increased 7%, the same in constant currencyNet income was $96 million versus $37 million in the prior-year quarterOperating income decreased 4% to $119 million v ...
Warner Music(WMG) - 2024 Q2 - Quarterly Report
2024-05-09 11:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-32502 Warner Music Group Corp. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 13-4 ...
Warner Music Group Corp. To Conduct Earnings Conference Call on Thursday, May 9, 2024
Newsfilter· 2024-04-10 13:00
NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, May 9, 2024, for the second quarter ended March 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 anticipate as ...
Warner Music Group Confirms Its Indication of Interest in Relation to French Digital Music Company Believe SA
Newsfilter· 2024-03-07 07:30
NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Warner Music Group ("Warner Music Group" or WMG") confirms that on February 21, 2024 it approached Believe SA, a global digital music company headquartered in France and listed on the regulated market of Euronext Paris ("Believe" or the "Company") to initiate discussions with respect to a potential combination of Believe with WMG (the "Transaction") and that it indicated on February 27, 2024 that, at this stage, WMG thought it could value Believe at a price of at ...
Warner Music Group Corp. to Participate in Morgan Stanley Technology, Media & Telecom Conference
Newsfilter· 2024-02-28 18:00
NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. ("Warner Music Group" or "WMG") announced today that Robert Kyncl, Chief Executive Officer, will participate in a question and answer session during the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 6th, at 4:20pm PT. A live webcast of the session will be available to the general public through a link on the Investor Relations homepage of Warner Music Group's website (https://investors.wmg.com/events-and-present ...
GLOBAL SUPERSTAR NORA FATEHI SIGNS RECORD DEAL WITH WARNER MUSIC GROUP
Prnewswire· 2024-02-26 08:00
First major record deal for singer and actress whose music moves millions across the worldNews arrives following the release of her latest blockbuster action movie, 'Crakk'DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- Global star Nora Fatehi, the multi-talented singer, dancer, and actress, whose music has already attracted millions of fans and billions of views and streams, has signed a new deal with Warner Music Group (Nasdaq: WMG) – her first agreement with a major global record company. Photo Credit: Apoo ...