Warner Music Group revenues up 10.2% year-on-year

Published: December 05, 2017

moneyThe music industry’s growth story continues: Warner Music Group has just announced its financials for its fiscal fourth quarter, and thus its full financial-year figures.

The headline: 10.2% growth in total revenues. In fact, WMG saw its revenues grow from $3.25bn in the year ended 30 September 2016 to $3.58bn in the year ended 30 September 2017.

Within that, WMG’s digital revenues grew by 24.7% to £1.87bn – 52.3% of the group’s total revenues. Overall, Warner Music reported a net profit of $149m for its latest fiscal year, up from $30m the previous year.

The post Warner Music Group revenues up 10.2% year-on-year appeared first on Music Ally.

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