Warner cuts losses in fiscal Q1, revenues up YoY
Warner Music Group filed a net loss of $37 million in its fiscal Q1 ended December 31, 2013, compared to $80 million over the following period in 2012.
In its latest financial report, the company explained that the prior year quarter loss reflected the impact of an $83 million loss on the extinguishment of debt in connection with its November 2012 refinancing of certain indebtedness.
Meanwhile, revenues for the three-months to December 31, 2013 grew 6% (6.8% in constant currency) ...
Login to access this article
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowSubscribe
If you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now
