Warner Music Group showed solid results for the 2022 quarter that ended on March 31, with revenue up 10.1% (13.2% in constant currency). Citing the success of such Warner label and publishing artis…
showed solid results for the 2022 quarter that ended on March 31, with revenue up 10.1% .
Adjusted for this item, total revenue was up 12.9% . Total streaming revenue increased 10% driven by growth across recorded music and music publishing, including revenue from emerging streaming platforms. Warner Chappell publishing’s revenue was up 19.8% to $230 million. Streaming grew 19.6% and brought up digital revenue grow 22.1% to $127 million. Mechanical royalties grew from $12 million to $13 million as physical sales growth offset declines in digital download sales. Synchronization revenues climbed 31.6% to $50 million due to higher commercial licensing activity.
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