华纳音乐Warner Music Group（WMG）2025财年第一季度业绩报告「NASDAQ」（英文版）（16页）.pdf

1、NEWS RELEASEWarner Music Group Corp.Reports Results for FiscalFirst Quarter Ended December 31,20242025-02-06Financial HighlightsWarner Music Group and Spotify Today Announced New,Multi-Year Agreement,Covering Both RecordedMusic and Music PublishingMusic Publishing Delivers Continued Growth Led by St

2、rength in Performance and DigitalOperating Cash Flow Growth of 13%with Conversion of 91%Rea?rming Full-Year Recorded Music Subscription Streaming Revenue and Operating Cash Flow ConversionGuidanceTempo Music Investment Demonstrates Disciplined M&A Strategy Focused on Accretive OpportunitiesFor the t

3、hree months ended December31,2024Total revenue decreased 5%,or 4%in constant currencyNet income increased 25%to$241 million versus$193 million in the prior-year quarterOperating income decreased 40%to$214 million versus$354 million in the prior-year quarterAdjusted OIBDA decreased 20%to$363 million,

4、versus$451 million in the prior-year quarter,or 18%inconstant currencyCash provided by operating activities increased to$332 million,versus$293 million in the prior-year quarter1NEW YORK,Feb.06,2025(GLOBE NEWSWIRE)-Warner Music Group Corp.today announced its?rst-quarter?nancial results for the perio

5、d ended December31,2024.Robert Kyncl,CEO of Warner Music Group said:“This quarter,we saw success with new stars,global superstars,longtime legends,and irreplaceable catalog.In our ongoing e?ort to both grow the pie and grow our share of thepie,we are increasing our A&R spend,acquiring valuable catal

6、ogs,and striking important agreements withstreaming services.As we drive e?ciencies,we will enhance our virtuous cycle of reinvestment,creating newopportunities for talent,long-term growth,and shareholder value.”Bryan Castellani,CFO of Warner Music Group added:“While temporary macro conditions creat