Warner Music's Q2 Revenue Surges On Ed Sheeran, Jack Harlow, Green Day Hits, Yet Shares Fall
Warner Music's Q2 Revenue Surges On Ed Sheeran, Jack Harlow, Green Day Hits, Yet Shares Fall
Warner Music Group Corp (NASDAQ:WMG) shares were trading lower on Thursday after the company reported fiscal second-quarter 2024 results.
華納音樂集團公司（納斯達克股票代碼：WMG）週四股價走低，此前該公司公佈了2024財年第二季度業績。
GAAP EPS of $0.18 beat the analyst consensus estimate of $0.16.
GAAP每股收益爲0.18美元，超過了分析師共識估計的0.16美元。
Revenue grew 7% year-on-year (Y/Y) to $1.49 billion, beating the analyst consensus estimate of $1.48 billion.
收入同比增長7％，達到14.9億美元，超過了分析師普遍預期的14.8億美元。
Recorded Music revenue grew by 4% Y/Y at $1.19 billion in the quarter. The major sellers included Zach Bryan, Ed Sheeran, Jack Harlow, and Green Day, the Hollywood Reporter reports.
本季度唱片音樂收入同比增長4％，達到11.9億美元。據《好萊塢記者》報道，主要賣家包括扎克·布萊恩、埃德·希蘭、傑克·哈洛和格林迪。
Music Publishing revenue increased by 19% Y/Y to $306 million, and Digital increased by 10% Y/Y to $1.04 billion.
音樂出版收入同比增長19％，達到3.06億美元，數字出版收入同比增長10％，達到10.4億美元。
Adjusted OIBDA increased by 9% compared to the previous year, reaching $312 million, and the margin improved by 50 basis points to 20.9%
調整後的OIBDA與去年同期相比增長了9％，達到3.12億美元，利潤率提高了50個點子至20.9％
Warner Music held $587 million in cash and equivalents as of March 31. Operating cash flow used was $(31) million versus $(6) million in the prior-year quarter.
截至3月31日，華納音樂持有5.87億美元的現金及等價物。使用的運營現金流爲3100萬美元，而去年同期爲600萬美元。
"Our performance in the quarter was driven by an acceleration in Recorded Music subscription streaming growth and continued momentum in Music Publishing," said Bryan Castellani, CFO, Warner Music Group.
華納音樂集團首席財務官布萊恩·卡斯特拉尼表示：“我們在本季度的表現是由唱片音樂訂閱流媒體增長的加速以及音樂出版社的持續勢頭推動的。”
During the fiscal first-quarter print, the company had shared plans to dispose of certain non-core owned and operated media properties, including the in-house ad sales function (the "O&O Media Properties"), and slash headcount by 600 to unlock shareholder value.
在第一財季公佈期間，該公司曾分享計劃出售某些非核心自有和運營的媒體資產，包括內部廣告銷售部門（“O&O Media Properties”），並裁減600名員工以釋放股東價值。
The company sold Uproxx, HipHopDX, and Dime Magazine to Jarret Myer, Rich Antoniello and will.i.am.
該公司將 Uproxx、HiphopDX 和 Dime Magazine 出售給了 Jarret Myer、Rich Antoniello 和 will.i.am。
Price Action: WMG shares were down 6.1% to $33.46 at last check Thursday.
價格走勢：週四最後一次檢查時，WMG股價下跌6.1％，至33.46美元。
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Photo: Shutterstock
照片：Shutterstock