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Warner Music Q4 Earnings: Flat Digital Revenue Growth, Operating Cash Flow Falls

Benzinga LogoBenzinga13h ago

Warner Music Q4 Earnings: Flat Digital Revenue Growth, Operating Cash Flow Falls - Benzinga

Quick Summary:

Warner Music Group Corp (NASDAQ:WMG) stock fell in Thursday’s premarket session after reporting fiscal fourth-quarter 2024 results.GAAP EPS of $0.08 missed the analyst consensus estimate of $0.27.Revenue grew 2.8% year-on-year to $1.63 billion, beating the analyst consensus estimate of $1.59 billion.

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Adjusted OIBDA increased by 11.4% compared to the previous year, reaching $353 million, and the margin improved by 170 basis points to 21.7%, driven ...


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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 14:35:31 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23739067

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 32 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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News Language: English

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Publisher ID: #53

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