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# Warner Music Group reports solid Q4, Year
- URL: https://www.hypebot.com/wmg-reports-solid-q4-year/
- Published: 2021-11-15T13:55:10.000Z
- Updated: 2021-11-15T14:21:24.000Z
- Description: Warner Music Group reported a solid quarter and year this morning. Overall WMG revenue was up 21% last quarter and 15% year on year on a constant currency basis. “Our. Continue reading [https://www.hypebot.com/hypebot/2021/11/wmg-reports-solid-q4-year.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 09:48

Warner Music Group reported a solid quarter and year this morning. Overall WMG revenue was up 21% last quarter and 15% year on year on a constant currency basis.

“Our strong fourth-quarter results put an exclamation point on an outstanding year,” said **Lou Dickler, Acting CFO, Warner Music Group.** “Even as certain revenue was impacted by COVID, the strength and resilience of our music propelled us to double-digit revenue growth and margin expansion in 2021.”

During the earnings conference call, WMG CEO Steve Cooper teased a “major announcement” later this week related to alternative revenue streams for the company.

Ad revenue currently contributes $100 million annually to WMG’s bottom line, according to today’s call.

**Financial Highlights**

- Continued Momentum Across Traditional and Emerging Streaming Platforms Drove Double-Digit Digital Revenue Growth for the Quarter and Full Year
- Recovery in COVID-Impacted Areas Led by Strong Growth in Artist Services and Physical Revenue
- Delivered Margin Improvement and Double-Digit Growth in Adjusted OIBDA and Adjusted EBITDA
- Robust Free Cash Flow Conversion and Growth Underpinned by Strong Operating Leverage and Financially Disciplined Investments

**For the three months ended September 30, 2021**

- Total revenue grew 22% or 21% in constant currency
- Digital revenue grew 19% or 18% in constant currency
- Net income was $30 million versus $1 million in the prior-year quarter
- OIBDA increased 15% to $179 million versus $155 million in the prior-year quarter
- Adjusted OIBDA increased 25% to $218 million versus $174 million in the prior-year quarter
- Adjusted EBITDA increased 34%to $237 million versus $177 million in the prior-year quarter

**For the twelve months ended September 30, 2021**

- Total revenue grew 19% or 15% in constant currency
- Digital revenue grew 22% or 19% in constant currency
- Net income was $307 million versus net loss of $470 million in the prior year
- OIBDA was $915 million versus $32 million in the prior year
- Adjusted OIBDA increased 29% to $1,018 million versus $790 million in the prior year
- Adjusted EBITDA increased 30% to $1,090 million versus $837 million in the prior year