1、WARNER MUSIC GROUP CORP.REPORTS RESULTS FOR FISCAL SECOND QUARTER ENDED MARCH 31,2025Financial Highlights Q2 Performance Driven by Revenue Growth Across Recorded Music and Music PublishingCost Savings Plans on Track,With Reinvestment Initiatives AcceleratingYear-to-Date Operating Cash Flow and Free
2、Cash Flow Increased by 53%and 59%,RespectivelyFor the three months ended March 31,2025Total revenue decreased 1%,or increased 1%in constant currencyNet income decreased 63%to$36 million versus$96 million in the prior-year quarterOperating income increased 41%to$168 million versus$119 million in the
3、prior-year quarterAdjusted OIBDA decreased 3%to$303 million,versus$312 million in the prior-year quarter,or 1%in constant currencyCash provided by operating activities increased to$69 million from cash used in operating activities of$31 million in the prior-year quarterNEW YORK,New York,May 8,2025Wa
4、rner Music Group Corp.today announced its second-quarter financial results for the period ended March 31,2025.“Our strategy is starting to bear fruit,with our strongest chart presence in two years,translating to expanding new release market share in the US.As a result,our true strength this quarter
5、was partially obscured by challenging comparisons with last years outperformance.As we replicate our strategy across other labels and geographies,and drive a virtuous cycle of greater reinvestment,well deliver lasting value for artists and songwriters,and sustained growth and profitability for share
6、holders,”said Robert Kyncl,CEO of Warner Music Group.1Total WMGTotal WMG Summary Results(dollars in millions)For the Three Months Ended March 31,2025For the Three Months Ended March 31,2024%ChangeFor the Six Months Ended March 31,2025For the Six Months Ended March 31,2024%Change(unaudited)(unaudited