2023-08-08 07:35:02 ET
- Warner Music press release ( NASDAQ: WMG ): Q3 GAAP EPS of $0.23 beats by $0.03 .
- Adjusted net income was $146 million compared to $147 million in the prior-year quarter. The changes in net income and Adjusted net income were primarily due to the unfavorable impact of exchange rates on the Company’s Euro-denominated debt, loss on extinguishment of debt, an increase in interest expense and income tax expense, partially offset by higher operating income, currency exchange gains on the Company’s intercompany loans and an increase in aggregate realized and unrealized gains related to certain investments.
- Revenue of $1.56B (+9.1% Y/Y) beats by $90M .
- Total revenue increased 9% or 10% in constant currency
- Digital revenue increased 9% or 10% in constant currency
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Warner Music GAAP EPS of $0.23 beats by $0.03, revenue of $1.56B beats by $90M