Recorded music revenue rose 12.5 % for the quarter. Revenue rose 13.3 % (14.8% in constant currency,) and digital revenue went up, growing 21.4 % (23.1% in constant currency.) The operating margin went down 5.4%, compared to 6.2% last year due to being "driven by higher revenue which was more than offset by increased investment in A&R and marketing as well as higher SG&A expenses including for variable compensation, restructuring and facilities expenses related to the Los Angeles office consolidation," the company stated.įor the quarter, net loss for the entire quarter was $13 million, a decrease from the $38 million net loss in the prior year quarter. Operating income went down, coming in at $217 million this year compared to $222 million last year. Net income for the full year was $312 million, increasing from the $149 million made the year before. Domestic revenue grew 10.5 % and internationally grew 12.7 % (7.8% in constant currency).ĭigital revenue for the full year rose 20.4% (18.5% in constant currency) and represented 56.2% of the total revenue versus the 52.3% it represented last year. Warner Music Group's total revenue for the full year rose 12.0% (9.2% in constant currency or the amount without the effects of fluctuations). The results are from the company's fourth-quarter and full-year finance period that ended on Sept. “We continue to invest in our business for the benefit of our recording artists and songwriters and to fuel our long-term growth.” “We’ve had another terrific year and revenue exceeded $4 billion for the first time in our 15-year history as a standalone company,” Warner Music Group CEO Steve Cooper said in statement. Warner Music Group, home to GRAMMY winners Cardi B and Ed Sheeran via Atlantic Records, announced that it made roughly over $4 billion in 2018, earning beyond anything in its company history.
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