'Q4 Revenue Hits $1.5 Billion

$1.5 Billion

Warner Music

Group, helped by digital revenue growth across recorded music and publishing, reported quarterly revenues rose 16%

Adjusted earnings

before interest, taxes, amortization and depreciation (EBITDA) grew by 16% to $276 million

We’re very

well positioned for long-term creative success, and continued top and bottom line growth

We’re excited

to have Robert Kyncl joining next year as WMG’s new CEO, as we

WMG’s share

price edged slightly lower in pre-market trading, down 0

Warner Music

executives will discuss the company’s quarterly and full year results on a call with

8% as reported

to $989 million, including a $38 million settlement related to certain copyright infringement cases

5% as reported)

due primarily to driven by music publishing streaming revenue, which rose by 37

3% in the prior-year

quarter, due to the double-digit growth of recorded music artist services and expanded-rights and

9% as reported)

to $254 million on the strength of digital and performance revenue

Independent Spirit Awards 2023:

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