Revenue from recorded music fell 11.9% year-on-year to $749m for the three months to December 31, while publishing revenue fell 6.9% to $134m (although it was slightly up on constant currency basis).

Digital revenue, however, continued to increase in both fields. Recorded music digital revenue grew 18.2% year-on-year to $156m and publishing digital revenue increased 50.0% to $15m or 11.2% of total music publishing revenue.

Warner Music Group chairman and CEO Edgar Bronfman Jr says, "Though facing difficult economic conditions ...