\n
\n\tWarner Music Group reported on Thursday that total revenue for its fiscal year rose 6% compared to a year-ago on strong digital and streaming subscription revenue. <\/p>\n
\n\tThe company reported $6.43 billion in total revenue for the twelve months ending on Sept. 30, up 6% from the roughly $6 billion the company generated in the 12-months prior. That figure included $5.22 billion in recorded music revenue, which represented a 5% increase from a year ago, and music publishing revenue of $1.2 billion, which was up by 11% increase from a year ago. <\/p>\n
\n\tWMG\u2019s digital revenues grew by 7.3% and streaming revenue increased 8.2% in a year despite the roll-off of a distribution deal with BMG, which negatively impacted both digital and streaming revenues within recorded music. Music publishing streaming revenue jumped 14.6%, as both divisions benefitted from licensing, physical sales, performance and sync revenues, the company said.<\/p>\n
\n\t\u201cOur strong streaming performance, underpinned by positive industry trends, and combined with our cost discipline, resulted in robust cash flow generation,\u201d Bryan Castellani<\/strong>, CFO of Warner Music Group, said in a statement. We are excited by the opportunities ahead, and look forward to delivering more culture-shaping music in 2025 and beyond.\u201d<\/p>\n\n\tMajor sellers during the label\u2019s fourth quarter included Benson Boone, Charli XCX, Zach Bryan and Teddy Swims.<\/p>\n
\n\tWarner\u2019s stock was up 2.25% in pre-market trading at 8:04 a.m. in New York.<\/p>\n
\n\tKey WMG financial highlights for its full fiscal year:<\/strong><\/p>\n\n
\n- Total revenue rose 6% to $6.426 billion for the fiscal year, from $6.037 billion in 2023.<\/li>\n
- Recorded revenue rose 5% to $5.223 billion from $4.995 billion.<\/li>\n
- Publishing revenue rose 11% to $1.210 billion from $1.08 billion.<\/li>\n
- Digital revenue was up 7.3% $4.280 billion from $3.9 billion in 2023.<\/li>\n
- Recorded music subscription streaming revenue rose 8% to $2.543 billion from $2.349 billion (ad-supported increased 3%).<\/li>\n
- Operating income was up 4% to $823 million from $790 million, so that means operating margin was down slightly to 12.8% compared to the prior year when it was 13.1% of revenue.<\/li>\n<\/ul>\n<\/div>\n
\n\tKey WMG financial highlights for its Q4:<\/strong><\/p>\n\n
\n- Total revenue rose 2.8% to $1.630 billion for the fourth quarter 2024, from $1.586 billion in the same quarter 2023.<\/li>\n
- Net profit, or net income, was down 69% at $48 million this quarter compared to $154 million.<\/li>\n
- Digital revenue decreased 0.2%to $1.066 billion from $1.068 billion.<\/li>\n
- Streaming revenue for both recorded music and publishing rose 1% to $1.048 billion from $1.038 billion.<\/li>\n
- Recorded music subscription streaming revenue rose 5% to $645 million from $615 million (ad-supported dipped 5%).<\/li>\n
- Recorded revenue rose 3.6% to $1.338 billion from $1.291 billion.<\/li>\n
- Publishing revenue dipped 1% to $295 million from $298 million.<\/li>\n
- Operating income was down 33% to $143 million from $212 million.<\/li>\n
- OIBDA was down 22% to $226 million compared to $291 million.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n
Aller \u00e0 la source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Warner Music Group reported on Thursday that total revenue for its fiscal year rose 6% compared to a year-ago on strong digital and streaming subscription revenue. The company reported $6.43 billion in total revenue for the twelve months ending on Sept. 30, up 6% from the roughly $6 billion the company generated in the 12-months […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-114309","post","type-post","status-publish","format-standard","hentry","category-musique","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/114309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/comments?post=114309"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/114309\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=114309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=114309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=114309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}