Warner Music Group has posted a narrowed $32m net loss for the quarter ending June 30 - as weak performance in France and Japan is blamed for revenues dropping 4.9%.

The net loss figure compares favourably to the year before, representing a 30% reduction from Q3 2011’s $46m loss. However, the Q3 2012 loss figure included a tax benefit of $11 million, up from an expense of $15 million in the prior year.

Overall Q3 revenues declined by 4.9% year-on-year ...