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Warner Music Reports Revenue Drop Amid Streaming Gains

5/11/2025

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Summary

Story summary

Warner Music Group (WMG) reported Q1 revenue of $1.48 billion, a 1% decrease from last year, with net income down 63% to $36 million.
Licensing and physical sales contributed to revenue growth, despite declines in artist services and recorded music.
WMG introduced WMG Pulse, a beta platform for artists to monitor streaming performance and earnings.
Deezer's revenue rose 1.1% to €134 million, while HYBE in South Korea experienced a 38.7% revenue increase from touring and merchandise.
Spotify's revenue grew 15% to €4.2 billion, with an addition of 5 million new subscribers.

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Story summary

Warner Music Group (WMG) reported Q1 revenue of $1.48 billion, a 1% decrease from last year, with net income down 63% to $36 million.
Licensing and physical sales contributed to revenue growth, despite declines in artist services and recorded music.
WMG introduced WMG Pulse, a beta platform for artists to monitor streaming performance and earnings.
Deezer's revenue rose 1.1% to €134 million, while HYBE in South Korea experienced a 38.7% revenue increase from touring and merchandise.
Spotify's revenue grew 15% to €4.2 billion, with an addition of 5 million new subscribers.