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# WMG Quarterly Losses Widen To $68M
- URL: https://www.hypebot.com/wmg-quarterly-losses-widen-to-68m/
- Published: 2009-05-07T08:24:52.000Z
- Updated: 2009-05-07T08:24:52.000Z
- Description: Warner Music Group (WMG) losses widened to $68 million or 45 cents per share for the fiscal quarter ending March 31; up from $37 million a year earlier. The loss. Continue reading [https://www.hypebot.com/hypebot/2009/05/wmg-quarterly-losses-widen-to-68m.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 11:03

[![Wmg](http://hypebot.typepad.com/.a/6a00d83451b36c69e2011570749ce3970b-120wi)](http://hypebot.typepad.com/.a/6a00d83451b36c69e2011570749ce3970b-pi?ref=hypebot.com) Warner Music Group (WMG) losses widened to $68 million or 45 cents per share for the fiscal quarter ending March 31; up from $37 million a year earlier. The loss included major write-downs of investments in 2 lala and imeem totalling 22 cents oer share 

Revenue fell 17% to $668 million. A poll of seven analysts by Thomson Reuters had predicted a loss of 25 cents a share on revenue of $739 million. Blaming its own release cycle, WMG reported 

  
that operating income from continuing operations declined 46% to $15 million compared to $28 million in the prior-year quarter. Overall operating income before depreciation and amortization fell 17% to $80 million from $96 million in the prior-year quarter.

Even digital sales, which should have been a bright spot for WMG, showed signs of slowing. Digital revenue of $173 million now represent 26% of total revenue. That's up just 1% from the first quarter of fiscal '09 and up only 6% from the prior-year quarter. On a constant-currency basis, digital revenue grew 11% from the prior-year quarter and 3% sequentially.