Warner Music Group revenues up 10.2% year-on-year
Posted on: 5 décembre 2017, by : Stuart Dredge

The music industry’s growth story continues: Warner Music Group has just announced its financials for its fiscal fourth quarter, and thus its full financial-year figures.
The headline: 10.2% growth in total revenues. In fact, WMG saw its revenues grow from $3.25bn in the year ended 30 September 2016 to $3.58bn in the year ended 30 September 2017.
Within that, WMG’s digital revenues grew by 24.7% to £1.87bn – 52.3% of the group’s total revenues. Overall, Warner Music reported a net profit of $149m for its latest fiscal year, up from $30m the previous year.
The post Warner Music Group revenues up 10.2% year-on-year appeared first on Music Ally.
Source: Music ally

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