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WMG'S Q2 EARNINGS STREAM IN
Corporation Issues Document Containing Array of Large Numbers

Warner Music Group’s Q2 earnings report has arrived, and CEO Stephen Cooper notes that streaming revenue has surpassed digital for the first time—streaming increased 33%, while overall digital revenue rose 1%. Total revenue was up 4%; Recorded Music revenue spiked 5%.

Net income was $19 million versus a net loss of $59m in the prior-year quarter.OIBDA was $121m, up from $74m in the prior-year quarter. 

Releases from Kid Rock and Led Zeppelin were credited with physical sales growth.

Cooper hailed “significant revenue growth … across key segments,” and vowed that this would be the year in which he finally caught the Roadrunner.

 

REVENUE CHART:
DOUBLE DIVAS
The song we needed (6/4a)
IMPACTING NOW: THE PROMOTION COALITION
The buddy system in action (6/4a)
IN “BLACK LIKE ME,”
MICKEY GUYTON
NUDGES AMERICA’S CONSCIENCE
Making it real in Music City (6/4a)
A CHROMATIC TOP 20
Bringing joy to a world that desperately needs it (6/4a)
BROWN PUSHES FOR A "BEAUTIFUL" WORLD
Kane is able. (6/4a)
WHAT NEXT?
The biz ponders action after some reflection.
GRAMMY SPECULATION
100% guaranteed to be somewhat accurate, probably.
BLACK MUSIC MONTH
...continues.
TRUMP'S IN THE BUNKER
Just to inspect it, though.
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