Record-Breaking Revenue and Growth
Total revenue grew 13% with recorded music subscription streaming increasing 8.4%. This marks the highest year-over-year growth in nearly two years.
Market Share Gains
Warner Music Group increased its market share in the US by 0.6 percentage points and globally by around six percentage points in the Spotify top 200.
Successful DSP Renewals
Signed renewals with four of the largest DSPs, which include wholesale price increases, ensuring future revenue growth.
AI Agreements
Warner Music Group has made proactive deals with AI platforms like Oudio, Stability AI, and Clay, highlighting the company's forward-thinking approach to technological advancements.
Global Catalog and New Releases Success
Revitalized catalog successes with Fleetwood Mac's 'Tusk' reaching number 11 on Billboard and new releases from artists like Cardi B and Ed Sheeran securing number one spots in major markets.