Warner Music Group revenues grew by 14% in Q4 2017
Posted on: 2 février 2018, by : Stuart Dredge

Warner Music Group continues to capitalise on the music industry’s streaming-fuelled return to growth.
The major label recorded revenues of $1.05bn for the fourth quarter of 2017, up 14% year-on-year. Its digital revenues grew by 20% to $533m as part of that – 51% of the total.
However, WMG’s operating income fell by 4% to $90m, while its net income dropped 79% to $5m, compared to Q4 2016’s $24m – that’s the result of a $27m non-cash tax expense related to new US tax legislation in part.
The post Warner Music Group revenues grew by 14% in Q4 2017 appeared first on Music Ally.
Source: Music ally

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