WMG narrows net loss YoY in fiscal Q3, revenues dip 1% on constant currency basis
Warner Music Group narrowed its net loss in its fiscal Q3 ended June 30, compared to the same period in 2014, while revenues for the quarter dipped.
The company posted a net loss of $43 million but that was down from $184 million in its fiscal Q3 2014.
That's attributed to a higher operating income this time around (£23 million compared to an operating loss of $15 million in the prior-year quarter) as well as lower interest expense and a ...
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