Warner Music Group Corp Ordinary Shares - Class A
WMG: XNAS (USA)
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Warner Music Earnings: Very Poor Results Don't Indicate Less Growth Opportunity Ahead
Warner Music achieved only 3% year-over-year recorded music subscription streaming sales growth in the second quarter. Music publishing streaming music was flat. Adjusted EBITDA was down 3%, but free cash flow swung positive in the seasonally weak second quarter for the first time since 2022.
