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# WMG Offers Mixed Financial Report, Digital Sales Up
- URL: https://www.hypebot.com/wmg-offers-mixed-financial-report-digital-sales-up/
- Published: 2010-05-06T08:21:50.000Z
- Updated: 2010-05-06T08:21:50.000Z
- Description: In a report to investors this morning, Warner Music Group showed a loss for the quarter ending March 31st of $25 million or 17 cents a share. That's down significantly. Continue reading [https://www.hypebot.com/hypebot/2010/05/wmg-offers-mixed-financial-report-digital-sales-up.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 10:59

[![image from www.americansongwriter.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e20120a6eb70c0970b-250wi "image from www.americansongwriter.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e20120a6eb70c0970b-pi?ref=hypebot.com)

In a report to investors this morning, Warner Music Group showed **a loss for the quarter ending March 31st of $25 million** or 17 cents a share. That's down significantly from the $68 million or 45 cents a share loss in the same quarter last year. **Overall revenue fell 1.3%** to $662 million with rising digital sales contributing to WMG's improving numbers. Other highlights:

- **Digital sales** reached **$199 million or 30% of total revenue**. That's an up 8% from  
the previous quarter and up 15% from $173 million in the prior-year quarter.
- Total revenue of $662 million represented a decline of 1% from the prior-year quarter.
- **Operating income grew 60%** to $24 million compared to $15 million in the prior-year quarter.

Wall Street **analysts may not be overjoyed** by WMG's performance. They had forecast a profit of $.30 on  
revenue of $663.3 million according to Thomson Reuters.