Warner Music Group Corp (NASDAQ:WMG) stock fell in Thursday’s premarket session after reporting fiscal first-quarter 2025 results.
GAAP EPS of 45 cents beat the analyst consensus estimate of 32 cents. Revenue declined 5% year-on-year to $1.67 billion, beating the analyst consensus estimate of $1.65 billion.
Also Read: T-Mobile Raises $2.94 Billion To Fund Stock Buybacks, Dividends, and Debt Refinancing
Recorded Music revenue decreased by 7.0% Y/Y at $1.35 billion in the quarter. Music Publishing revenue grew by 6.0% Y/Y to $323 million. Digital revenue declined 2% Y/Y to $1.08 billion.
Adjusted OIBDA decreased by 20% compared to the previous year, reaching $363 million, and the margin declined by 400 basis points to 21.8%, driven by Licensing Extension and Digital License Renewal.
Warner Music held $802 million in cash and …