News & Videos - WARNER MUSIC GROUP - Page 2

Financial Highlights Underlying Growth in Recorded Music Streaming Revenue Despite a Challenged Macroeconomic Environment Continued Momentum in Music Publishing Drives Double-Digit Revenue Growth Adjusted OIBDA Growth and Margin Improvement Underpinned by Financial Discipline Cost Savings to be Reinvested in Tech-Focused Initiatives and Expertise to Drive Long-Term Growth For the three months ended March 31, 2023 Total revenue increased 2% or 5% in constant currency Digital revenue increased 1%...

NEW YORK, April 27, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (Nasdaq: WMG) today announced the election of Val Blavatnik to the company’s Board of Directors, as well as his appointment to its Executive Committee. He replaces Alex Blavatnik, who has served as a director of WMG since July 2011, when Access Industries completed its acquisition of the company. Since 2021, Val Blavatnik has served on the investment team at LionTree, focused on the media and technology industries. Since...

NEW YORK, April 17, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Tuesday, May 9, 2023, for the second quarter ended March 31, 2023, and will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here . Once registered, you will receive an email with the dial-in number along with your personalized pin needed to join the call. We suggest you call in 10 minutes prior to the start time. If you do not...

NEW YORK, March 01, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that Robert Kyncl, Chief Executive Officer, will participate in a question and answer session during the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 8 th , at 2:40pm PT. A live webcast of the session will be available to the general public through a link on the Investor Relations homepage of Warner Music Group’s website (...

NEW YORK, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that Eric Levin, Executive Vice President and Chief Financial Officer, will participate in a question and answer session during the Deutsche Bank 31st Annual Media, Internet & Telecom Conference on Tuesday, February 28 th , at 10:30 a.m. ET. A live webcast of the session will be available to the general public through a link on the Investor Relations homepage of Warner...

NEW YORK, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share on WMG’s Class A Common Stock and Class B Common Stock. The dividend is payable on March 1, 2023, to stockholders of record as of the close of business on February 21, 2023. About Warner Music Group With a legacy extending back over 200 years, Warner Music Group today is home to an...

Financial Highlights Underlying Growth in Total Streaming Revenue Despite a Challenged Macroeconomic Environment and the Impact of an Additional Week in the Prior-Year Quarter Continued Momentum in Music Publishing with Double-Digit Revenue Growth Adjusted OIBDA Margin Improvement Underpinned by Disciplined Operating Performance Robust Growth in Operating and Free Cash Flow with Strong Conversion For the three months ended December 31, 2022 Total revenue decreased 8% or 3% in constant currency...

NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, February 9, 2023, for the first quarter ended December 31, 2022, and will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here . Once registered, you will receive an email with the dial-in number along with your personalized pin needed to join the call. We suggest you call in 10 minutes prior to the start time. If you...

Financial Highlights Strong Quarterly Performance Highlighted by Growth across All Revenue Lines and Margin Expansion in Constant Currency Solid Double-Digit Growth in Adjusted OIBDA and Adjusted EBITDA for the Quarter and Full Year Continued Momentum in Music Publishing with Double-Digit Revenue Growth Robust Operating Cash Flow Growth Which Outperformed Full-Year Expectations For the three months ended September 30, 2022 Total revenue grew 9% or 16% in constant currency Digital revenue grew 7%...

NEW YORK, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $ 0.16 per share on WMG’s Class A Common Stock and Class B Common Stock, representing an aggregate quarterly dividend of approximately $ 82.4 million (based on the issued and outstanding shares of Class A Common Stock and Class B Common Stock). The dividend is payable on December 1, 2022, to...

NEW YORK, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Tuesday, November 22, 2022, for the fourth quarter and fiscal year ended September 30, 2022, and will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here . Once registered, you will receive an email with the dial-in number along with your personalized pin needed to join the call. We suggest you call in 10 minutes prior to the...

Entrepreneurial Leader and Creator Economy Pioneer Joining from YouTube Steve Cooper to Complete Successful Tenure as Longest-Running WMG CEO on January 31 NEW YORK, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Robert Kyncl has been appointed Chief Executive Officer of Warner Music Group Corp. (Nasdaq: WMG), effective January 1, 2023. Kyncl currently serves as Chief Business Officer at YouTube, where he’s been instrumental in its phenomenal growth across all platforms. To ensure a smooth leadership...

NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that Steve Cooper, Chief Executive Officer, will participate in a question and answer session during the Goldman Sachs Communacopia + Technology Conference on Monday, September 12 th , at 10:00 a.m. PT. A live webcast of the session will be available to the general public through a link on the Investor Relations homepage of Warner Music Group’s website (...

NEW YORK, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share on WMG’s Class A Common Stock and Class B Common Stock, representing an aggregate quarterly dividend of approximately $82.4 million (based on the issued and outstanding shares of Class A Common Stock and Class B Common Stock). The dividend is payable on September 1, 2022, to...

Financial Highlights Solid Underlying Streaming Growth Despite Ad-Supported Pressure Impressive Recovery of Artist Services with Continued Double-Digit Revenue Growth Continued Momentum in Music Publishing with Double-Digit Revenue Growth Significant Growth in Operating and Free Cash Flow For the three months ended June 30, 2022 Total revenue grew 7% or 12% in constant currency Digital revenue grew 2% or 6% in constant currency Net income was $125 million versus $61 million in the prior-year...

NEW YORK, July 19, 2022 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Tuesday, August 9, 2022, for the third quarter ended June 30, 2022, and will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here . Once registered, you will receive an email with the dial-in number along with your personalized pin needed to join the call. We suggest you call in 10 minutes prior to the start time. If you do not...

NEW YORK, June 07, 2022 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that Eric Levin, Executive Vice President and Chief Financial Officer, will participate in a question and answer session during the Credit Suisse 24 th Annual Communications Conference on Tuesday, June 14 th , at 1:30 p.m. ET. A live webcast of the session will be available to the general public through a link on the Investor Relations homepage of Warner Music Group’s...

NEW YORK, May 17, 2022 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that Eric Levin, Executive Vice President and Chief Financial Officer, will participate in a question and answer session during the J.P. Morgan 50 th Annual Global Technology, Media and Communications Conference on Monday, May 23 rd , at 1:50 p.m. ET. A live webcast of the session will be available to the general public through a link on the Investor Relations homepage of...

NEW YORK, May 13, 2022 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.15 per share on WMG’s Class A Common Stock and Class B Common Stock, representing an aggregate quarterly dividend of approximately $77.2 million (based on the issued and outstanding shares of Class A Common Stock and Class B Common Stock). The dividend is payable on June 1, 2022, to stockholders...

Financial Highlights Double-Digit Revenue Growth Highlighting Strong Fundamentals Healthy Streaming Performance Driven by Growth in Traditional and Emerging Streaming Platforms Strong Margins Despite Continued Recovery in Lower-Margin Artist Services Revenue Continued Momentum in Music Publishing with Double-Digit Revenue Growth and Margin Improvement For the three months ended March 31, 2022 Total revenue grew 10% or 13% in constant currency Digital revenue grew 8% or 11% in constant currency...