Warner Music Group Q1 financials: revenue up 2.4%

James Hanley

Warner Music Group’s total revenue grew 2.4% (11.1% on a constant currency basis) to $849 million in the final three months of 2015, compared with the same period last year. 

Digital revenue was up 18% to $348m and represented 41% of total revenue. Operating income before depreciation and amortisation (OIBDA) was $137m versus $102m in the prior-year quarter – a 34.3% increase, while net income was $28 million compared to a net loss of $41m in the same three-month period ...

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