Warner Music Group revenues grew by 15.1% last quarter
Posted on: 5 février 2019, by : Stuart Dredge

Warner Music Group has published its latest quarterly financial results, which reveal that the company’s revenues grew by 15.1% year-on-year.
That was just over $1.2bn in the fourth quarter of 2018 (WMG’s fiscal Q1). Of that, digital revenues grew by 17.6% to $627m, with the company reporting an operating profit of $147m and a net profit of $86m for the quarter.
Within all this, WMG’s recorded-music revenues grew by 15.2% to $1.04bn, while publishing revenues grew by 15.4% to $165m. CFO Eric Levin said that the results were “evidence that our long-term strategy is paying off”.
The post Warner Music Group revenues grew by 15.1% last quarter appeared first on Music Ally.
Source: Music ally

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