Warner Music Group Corp. Reports Results For Fiscal Fourth Quarter

Q4 Financials

WARNER MUSIC GROUP has released its fourth-quarter and full-year financial results for the periods ended SEPTEMBER 30th.

“We are passionate champions for our recording artists and songwriters and work tirelessly to help them build long-term global careers,” said CEO STEVE COOPER. “Their talent and our focus and dedication made for an excellent fiscal year, and we're excited by the multitude of growth opportunities which lie ahead in 2020 and beyond."

“Our revenue and OIBDA performance was strong,” added VP/CFO ERIC LEVIN. “With $619 million on our balance sheet at year-end, the cash generating power of our business has never been clearer."

• Total revenue for the full year grew 11.7% or 14.7% in constant currency
• Digital revenue for the full year grew 15.9% or 18.7% in constant currency
• Net income for the full year was $258 million versus $312 million in the prior year
• OIBDA for the full year was $625 million versus $478 million in the prior year
• Total revenue for the quarter grew 8.2% or 10.4% in constant currency
• Digital revenue for the quarter grew 13.1% or 15.0% in constant currency
• Net income for the quarter was $91 million versus a loss of $13 million in the prior-year quarter
• OIBDA for the quarter was $95 million versus $72 million in the prior-year quarter

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