Reports Q3 revenue $1.69B, consensus $1.59B. “This quarter we delivered massive chart hits, breakthrough stars, strong revenue growth, and market share gains…all of which show our strategy is working,” said Robert Kyncl, CEO, Warner Music (WMG) Group. “As we continue to evolve our company, we’re focusing on the artists, songwriters, and markets with the greatest potential, while expanding our iconic catalog, and building the dynamic teams and tools that will help our talent have the biggest global impact.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMG:
- Warner Music Group Reports 9% Revenue Increase
- Warner Music upgraded to Neutral from Sell at Rothschild & Co Redburn
- Warner Music price target raised to $30 from $28 at Barclays
- Warner Music upgraded at BofA on clearer path to healthier earnings growth
- Warner Music upgraded to Neutral from Underperform at BofA
