Warner Music(US:WMG)2025-05-08 13:10Financial Performance - Total revenue increased by 1%[12] - Recorded Music (RM) streaming revenue increased by 2%[12,22] - Music Publishing (MP) revenue increased by 3%[34] - Adjusted OIBDA increased by 1%[12,22] - Adjusted OIBDA margin increased by 50 basis points to 20.9%[13] - Operating Cash Flow (OCF) / Adjusted OIBDA conversion was 23%[12] Debt Maturity - Debt maturities are scheduled as follows: $352 million in 2025, $535 million in 2026, $2576 million in 2027, $540 million in 2028, $17 million in 2033 and $311 million in 2050[16] Strategic Initiatives and Partnerships - Armin Zerza joined as EVP and CFO[19] - Launched a beta version of WMG Pulse, an artist and songwriter app[19] - Launched 5 Junction, a JV label focused on breaking artists of South Asian heritage in North America[20] - Launched Adore Music, a new French dance label[20] - Partnered with Rocketfuel Entertainment, a Malaysian talent management and record label[20] - Inked a global distribution deal with independent label Three Six Zero Recordings[20]