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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.

 

HITS LIST IS HAVING
A HEAT WAVE
Pass the BBQ sauce. (7/2a)
TOP 20: A LIL MORE OF THE SAME
Like a broken record... (7/2a)
WATCH THIS
We aim to please. (7/3a)
BLACK MUSIC MONTH:
6 IN THE MORNIN'
Origin story of the real OGs (7/2a)
PRE-HOLIDAY PONDERING:
POP TOP EDITION
Have another Beer, we insist. (7/2a)
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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