WMG - What's Going On With Warner Music Group Shares Today? | Benzinga
Warner Music Group Corp (NASDAQ: WMG) shares are down today after it reported Q4 FY23 results.
Revenue grew 6% Y/Y to $1.59 billion, beating the consensus of $1.57 billion.
Recorded Music revenue grew by 4% Y/Y at $1.29 billion in the quarter. Music Publishing revenue increased by 17% Y/Y to $298 million, and Digital increased by 8% Y/Y to $1.07 billion.
Adjusted OIBDA rose 20% Y/Y to $317 million with margin increased by 230 bps to 20.0%. Adjusted EPS ...