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# Warner Music Group Reports Strong Q1, Digital Up 17.6%
- URL: https://www.hypebot.com/warner-music-group-reports-strong-q1-digital-up-176/
- Published: 2019-02-05T07:50:58.000Z
- Updated: 2019-02-05T07:50:58.000Z
- Description: Warner Music Group reported total revenue growth of 15.1% in Q1, which ended on December 31st, led by 17.6% growth in digital revenue. “I’m pleased that we are off to. Continue reading [https://www.hypebot.com/hypebot/2019/02/warner-music-group-reports-strong-q1-digital-up-176.html]
- Author: Bruce Houghton
- Tags: Major Labels, Music Business, Warmer Music Group, #wp, #wp-post, #Import 2026-01-21 10:00

[![Wmg](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3bf0885200d-200wi "Wmg")](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3bf0885200d-popup?ref=hypebot.com)Warner Music Group reported total revenue growth of 15.1% in Q1, which ended on December 31st, led by 17.6% growth in digital revenue. “I’m pleased that we are off to a great start for fiscal ‘19,” said Steve Cooper, Warner Music Group’s CEO. “We have best in class operators working with amazing music from our extraordinary artists and songwriters across a diverse set of genres, generations and geographies.” “Our first-quarter results are evidence that our long-term strategy is paying off,” added Eric Levin, Warner Music Group’s Executive Vice President and CFO. “Our Recorded Music business alone exceeded $1 billion in revenue, and we also had strong OIBDA and cash flow.”Highlights
- Total revenue grew 15.1% or was up 17.8% in constant currency
- Digital revenue grew 17.6% or was up 19.9% in constant currency
- Net income was $86 million versus $5 million in the prior-year quarter
- OIBDA was $215 million versus $155 million in the prior-year quarter