华纳音乐Warner Music Group（WMG）2025财年第四季度及全年业绩报告「NASDAQ」（英文版）（22页）.pdf

1、WARNER MUSIC GROUP CORP.REPORTS RESULTS FOR FISCAL FOURTH QUARTER AND FULL YEAR ENDED SEPTEMBER 30,2025Financial HighlightsQuarterly Revenue Reaches an All-Time High,Underpinned by Double-Digit Growth Across Recorded Music and Music PublishingMarket Share Gains Drive Sequential Acceleration in Recor

2、ded Music Streaming Growth,Led by High-Single Digit Growth in Subscription StreamingMusic Publishing Performance Reflects Broad-Based Strength Highlighting Strong Second Half Improvement2026 Outlook Supported by Healthy Music Industry Trends and Strategy to Accelerate Growth,with Cost Savings Expect

3、ed to Contribute 150 to 200 Basis Points of Margin ImprovementFor the three months ended September 30,2025Total revenue increased 15%,or 13%in constant currencyDigital revenue increased 8%,or 6%in constant currencyNet income was$109 million versus$48 million in prior-year quarterAdjusted OIBDA incre

4、ased 15%to$405 million versus$353 million in prior-year quarter(or 12%in constant currency)Cash provided by operating activities decreased 24%to$231 million from$304 million in prior-year quarterFor the twelve months ended September 30,2025Total revenue increased 4%,the same in constant currencyDigi

5、tal revenue increased 3%,the same in constant currencyNet income was$370 million versus$478 million in prior yearAdjusted OIBDA increased 1%to$1,443 million versus$1,432 million in prior year(the same in constant currency)Cash provided by operating activities decreased 10%to$678 million from$754 mil

6、lion in prior yearNEW YORK,New York,November 20,2025Warner Music Group Corp.today announced its fourth-quarter and full-year financial results for the periods ended September 30,2025.With our artists and songwriters hotter than ever,market share gains drove our quarterly revenues to an all-time high