2023-05-09 07:39:42 ET
- Warner Music press release ( NASDAQ: WMG ): Q2 GAAP EPS of $0.06 misses by $0.12 .
- Revenue of $1.4B (+1.4% Y/Y) beats by $40M .
- Digital revenue increased 1% or 4% in constant currency
- OIBDA decreased 19% to $207 million versus $255 million in the prior-year quarter or 16% in constant currency
- Adjusted OIBDA increased 4% to $286 million versus $274 million in the prior-year quarter or 8% in constant currency
- Cash from operating activities decreased 114% to a use of $6 million versus a source of $44 million in the prior-year quarter
- Shares +1.97% PM.
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Warner Music GAAP EPS of $0.06 misses by $0.12, revenue of $1.4B beats by $40M