Quantcast

WMG earnings

WABBIT HOLE: In the bad news/good news department, Warner Music's fiscal Q3 loss widened, but not as much as analysts had expected. For the quarter ended June 30, Warner reported a loss of $55 million, or 37 cents a share, compared with a year-earlier loss of $37 million, or 25 cents a share. Revenue dropped 16% to $652 million, blamed on what Warner accurately called a "light" release schedule. The company said digital revenue rose 2.3% and made up 27% of total revenue. Operating income on the record side dropped 46% as revenue slid 18%. It’s WMG’s sixth straight quarterly loss. Shares have fallen 17% so far this year. (8/5a)

HITS LIST IN
EXECUTIVE ORDER
This top 10 is a stimulating package. (4/9a)
FEARLESS,
THEN & NOW
Child is mother to the woman. (4/9a)
THE BOWL WILL
HAVE A SEASON
A hopeful sign of an eventual return to normalcy (4/9a)
STREAMING SONGS:
A SATANIC #1
Provocateur hits another one out of the park. (4/9a)
REVENUE CHART:
ROD’S STERLING WEEK
A more than tidy sum for the unpretentious hitmaker (4/9a)
RHYTHM, BLUES AND THE FUTURE
The musical tapestry we know as R&B.
WHO'S NEXT?
Predicting the next big catalog deal.
JUST THE VAX, MA'AM
Once we all get vaccinated, how long before we can party?
WORLDWIDE GROOVE
How is globalization bringing far-flung territories into the musical mainstream?
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)