These Analysts Cut Their Forecasts On Warner Music Following Q4 Earnings

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 ...