Over the course of the full fiscal 12 months, losses stood at $205 million.

The label - which has been private since being purchased by Access Industries for $3.3 billion in July - reported its revenue figures yesterday ahead of an earnings call last night.

For the combined twelve months ended September 30, WMG saw a 4% decline in total revenue ($2,988m - $2,869m) but an 8% increase in digital revenue ($759m - $820m) year on year.