Warner Music Group stated on Thursday (Aug. 7) its quarterly income rose 9% to roughly $1.7 billion on 8% progress of recorded music and and 10% enhance in publishing income, offsetting the end of Warner’s distribution contract witih BMG.
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Complete recorded music grew to $1.35 billion and publishing income elevated to $335 million for the quarter ending June 30, 2025. The success of Alex Warren’s “Atypical,” which topped the Billboard Hot 100 for 9 weeks, and Teddy Swims’ “Lose Management,” which grew to become the first song in Billboard chart historical past to spend greater than 100 weeks on the Hot 100, drove 4% progress in streaming income, with general digital income growing 5.3% to $929 million. Subscription streaming grew to eight.5%, attributable to a true-up cost from a streaming service.
Music publishing digital income elevated 5.2% to $204 million, with streaming income additionally rising by 5.2%, pushed by progress in recorded music artist providers and expanded-rights and licensing income, and music publishing efficiency, synchronization and mechanical income. Recorded music bodily income was barely decrease at $119 million from $120 million a yr in the past.
“This quarter we delivered large chart hits, breakthrough stars, sturdy income progress and market share features … all of which present our technique is working,” Warner Music Group CEO Robert Kyncl stated in an announcement. “As we proceed to evolve, we’re specializing in the artists, songwriters and markets with the best potential, whereas increasing our iconic catalog and constructing the dynamic groups and instruments that may assist our expertise have the most important world affect.”
The corporate reported a $16 million web loss within the quarter in comparison with final yr’s $141 million web revenue, primarily attributable to detrimental impacts kind overseas change conversions. Warner Music earns greater than half of its revenue from exterior of america, and its euro-denominated debt resulted in a $70 million loss within the quarter. Losses on hedging exercise totaling $8 million have been partially offset by a $25 million revenue tax expense financial savings.
Complete digital and bodily providers income rose 4.6% to $1.05 billion.
Adjusted working revenue earlier than depreciation and amortization (OIBDA) elevated 18.0% to $373 million from $316 million and Adjusted OIBDA margin elevated 1.8 proportion factors to 22.1% from 20.3% within the prior-year quarter. The will increase embrace the $9 million affect of the copyright settlement in recorded music and the $12 million affect of the true-up cost from a streaming accomplice.