WMG - Warner Music Group Corp. (WMG) Q1 2024 Earnings Call Transcript

2024-02-08 16:14:09 ET

Warner Music Group Corp. (WMG)

Q1 2024 Earnings Conference Call

February 8, 2024 08:00 AM ET

Company Participants

Kareem Chin - Head of IR

Robert Kyncl - CEO

Bryan Castellani - CFO

Conference Call Participants

Kannan Venkateshwar - Barclays

Benjamin Swinburne - Morgan Stanley

Michael Morris - Guggenheim Securities

Benjamin Black - Deutsche Bank

Rich Greenfield - LightShed Partners

Batya Levi - UBS

Sebastiano Petti - JPMorgan

Kutgun Maral - Evercore ISI

Presentation

Operator

Welcome to Warner Music Group's First Quarter Earnings Call for the period ended December 31, 2023. At the request of Warner Music Group, today's call is being recorded for replay purposes. And if you object, you may disconnect at any time.

Now I would like to turn today's call over to your host, Mr. Kareem Chin, Head of Investor Relations. You may begin.

Kareem Chin

Good morning, everyone, and welcome to Warner Music Group's fiscal first quarter earnings conference call. Please note that our earnings press release, earnings snapshot, and the Form 10-Q are on our website. On today's call, we have our CEO, Robert Kyncl and our CFO, Bryan Castellani who will take you through our results and then will answer your questions.

For our prepared remarks, I'd like to refer you to the second slide of the earning snapshot to remind you that this communication includes forward-looking statements that reflect current views of Warner Music Group about future events and financial performance. We plan to present certain non-GAAP results during this conference call and in our earnings snapshot slides, and I've provided schedules reconciling these results to our GAAP results in our earnings press release. All of these materials are posted on our website.

Also, please note that all revenue figures and comparisons discussed today will be presented in constant currency, unless otherwise noted. All forward-looking statements are made as of today, and we disclaim any duty to update such statements. Our expectations, beliefs, and projections are expressed in good faith, and we believe there's a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs, and projections will result or be achieved. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that can cause actual results that differ materially from our expectations. Information concerning factors that could cause actual results to differ materially from those in the forward-looking statements contained in our filings with the SEC....

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