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Warner Music Group Corp. Reports Results for Fiscal Second Quarter Ended March 31, 2022

on May 10, 2022 - 6:36am

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
  • Net income was $92 million versus $117 million in the prior-year quarter
  • OIBDA increased 12% to $255
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WMX Hosts Inaugural NewFronts Event for its Global Media and Creative Content Division

on May 5, 2022 - 8:33pm

New Slate of Original Programming & Podcasts, Scaled Premium Video, and 1st Party Data Storefront for Brands Unveiled

WMX, Warner Music Group’s culture-driving media and creative content division, which launched in the fall of 2021, has quickly become a top five media company in the US. With direct access to today’s hottest superstars, social-first culture brands, an award-winning studio and originals team, and massive global media scale, WMX is an entertainment and youth culture powerhouse for the new generation.

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Warner Music Group Launches In-House Podcast Network, Interval Presents

on April 26, 2022 - 10:00am

Company will produce multi-format audio content at the intersection of music, pop culture, and social impact

First slate of shows includes celebrity headliners such as Lupita Nyong’o and Jason Derulo as well as productions from Snap Judgment, Awfully Nice, and Double Elvis

Warner Music Group (WMG) today unveiled its new podcast network, Interval Presents, which will produce multi-format, culture-forward audio content at the intersection of music, pop culture, and social impact.

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Warner Recorded Music Enlists Mike Shinoda as Community Innovation Advisor

on April 20, 2022 - 10:00am

Warner Recorded Music (WRM) has enlisted Linkin Park co-founder and music tech pioneer Mike Shinoda as Community Innovation Advisor. In this first-of-its-kind post, Shinoda will work closely with Warner Music’s leadership and business development teams to help shape the company’s artist-centric approach to Web3. With Shinoda’s support, WRM will continue to partner with artists to bring their creative visions to life and build communities across new platforms, products, and experiences, while exploring new revenue streams.

Max Lousada, CEO, Warner Recorded Music, said: “Central to our DNA at

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Warner Music Group Corp. to Conduct Earnings Conference Call on Tuesday, May 10, 2022

on April 19, 2022 - 10:57am

Warner Music Group Corp. will release its financial results on Tuesday, May 10, 2022, for the second quarter ended March 31, 2022, and will hold an earnings conference call that morning at 8:30 a.m. ET.

To access the conference call, please dial (833) 646-0491 or (918) 922-6618. The passcode for the call is “Warner Music.” We suggest you call in 10 minutes prior to the start time. If you do not anticipate asking a question, we recommend joining via the webcast at www.wmg.com. You will be able to replay the conference call up until Wednesday, June 8, 2022, at 12:00 p.m.

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