Warner Music Group net loss triples YoY in FY Q3
Warner Music Group saw its net loss widen almost 200% year-on-year in its fiscal third quarter ended June 30, despite total revenue increasing 19%.
Total WMG revenues went from $663 million (£394m) in Q3 FY13 to $788 million (£468m) for the same period in 2014 (up 19%, 16.9% on a constant currency basis).
The company saw a net loss of $184m in the latest period – up 196.7% from $62m over the corresponding period last year.
WMG reported an operating ...
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