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# Warner Music Group’s Q2 Loss Widens
- URL: https://www.hypebot.com/warner-music-groups-q2-loss-widens/
- Published: 2011-05-10T08:08:03.000Z
- Updated: 2011-05-10T08:08:03.000Z
- Description: With its pending sale to Access Industries looming, WMG reported Q2 results this morning; and the numbers, while not unexpected, showed that the music group's downward slide is far from. Continue reading [https://www.hypebot.com/hypebot/2011/05/warner-music-groups-q2-loss-widens.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 10:55

[![image from www.google.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e2015432379eb4970c-150wi "image from www.google.com")](http://www.google.com/url?source=imgres&ct=img&q=http://4.bp.blogspot.com/%5FNv0q0J9GLs8/SwDkcpED8mI/AAAAAAAACGE/cvDn6qJmACs/s1600/800px-Warner%5FMusic%5FGroup%5Flogo.jpg&sa=X&ei=ACrJTdrnKc%5Fr0QHBqZj%5FBw&ved=0CAQQ8wc&usg=AFQjCNHd4aFWpKPYIT3YQdbly9glp6fyGA)

With its pending sale to Access Industries looming, WMG reported Q2 results this morning; and the numbers, while not unexpected, showed that the music group's downward slide is far from over. The company reported a wider second-quarter net loss of $38 million or 25 cents per share versus $25 million or 17 cents per share a year ago.

That beat analysts predictions slightly. 6 analysts polled by Thomson Reuters expected a loss per share of 28 cents for the quarter. Total revenue for Q2 grew 2% to $682 million from $666 million in the prior-year quarter, up 1.6% on a constant-currency basis.

Digital revenue was $220 million, or 32% of total worldwide revenue (almost 50% in the U.S.) , up 9% from $202 million in the prior-year quarter, and up 8% on a constant-currency basis. Digital revenue grew 18% sequentially from the first quarter of fiscal 2011, or 17% on a constant-currency basis.

But CEO Edgar Bronfman, Jr. offered some bright spots: “We are excited to see our digital revenue approach the 50% milestone for U.S. Recorded Music and to see 60% of our active global artist roster signed to expanded-rights deals.”