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# WMG Reports Wider Losses On Declining Revenue
- URL: https://www.hypebot.com/wmg-reports-wider-losses-on-declining-revenue/
- Published: 2010-08-05T12:00:00.000Z
- Updated: 2010-08-05T12:00:00.000Z
- Description: Blaming a weak release schedule, Warner Music Group reported a widening loss of 16% in Q3 compared to the prior year quarter on total revenue of $652 million. This is the six. Continue reading [https://www.hypebot.com/hypebot/2010/08/wmg-reports-wider-losses-on-declining-revenue.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 10:59

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Blaming a weak release schedule, Warner Music Group reported a widening **loss of 16% in Q3** compared to the prior year quarter on total revenue of $652 million. This is the six consecutive quarterly decline for the major label group, but beat many analysts expectations. Other highlights of this morning's report:

- **Digital revenue was $179 million, 27% of total** revenue but up just 2% from $175 million in the prior year quarter and down 10% sequentially from the second quarter of fiscal 2010.
- **Operating loss was $1 million** compared to operating income of $25 million in the prior-year quarter.
- **Operating incom** **e** before depreciation and amortization (OIBDA) was **down 29% to $64 million** from $90 million in the prior-year quarter.

“Despite our anticipated very light release schedule, this quarter we grew digital revenue to 41% of our U.S. Recorded Music revenue, **maintained U.S. album market share at 21%**, continued to sign and develop some of the industry's most promising talent to expanded-rights agreements and invested further in the artist services business – all consistent with our strategy to build a diversified music company positioned for long-term success," said WMG CEO Edgar Bronfman Jr.