Nov 21, 02:39 PM

Warner Music Group Q4 Revenue Beats, EPS Misses, Hits $6B Target

Warner Music Group (WMG) reported its fiscal year 2024 earnings, revealing a mixed financial performance. The company's Q4 FY24 results showed revenue of $1.63 billion, surpassing expectations by $30 million, but its earnings per share (EPS) of $0.08 missed analyst expectations by $0.20. Despite the revenue increase, net income for the quarter was significantly lower at $48 million compared to $154 million in the prior-year quarter. However, adjusted OIBDA increased by 11% to $353 million, and cash provided by operating activities decreased by 10% to $304 million. For the full year, WMG achieved an 8% growth in streaming revenue and a 7% increase in digital revenue, contributing to hitting a $6 billion revenue target. Music Publishing saw its fourth consecutive year of double-digit revenue growth, driven by strong synchronization activity.

#Warner Music Group #WMG #Music Publishing

Written with ChatGPT .

Sources

Additional media

Image #1 for story warner-music-group-q4-revenue-beats-eps-misses-hits-6b-target-708a9a38

Image #2 for story warner-music-group-q4-revenue-beats-eps-misses-hits-6b-target-708a9a38

Warner Music Group Q4 Revenue Beats, EPS Misses, Hits $6B Target

Sources

Additional media

Similar Stories