Variety – Warner Music Posts Double-Digit Growth in Revenue, Digital

Revenue from streaming music significantly boosted the company’s bottom line and now dwarfs revenue from music downloads.

May 8, 2017

‘In its earnings report released Monday morning, Warner Music Group reported 10.7% total revenue growth and 21.9% digital revenue growth in its second quarter, which ended March 31, 2017. Net income was $20 million, compared to $12 million in the same period last year, while operating income before depreciation and¬†amortization (OIBDA) was $141 million, compared to $127 million last year.’

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