{"id":222,"date":"2008-11-25T18:25:35","date_gmt":"2008-11-25T17:25:35","guid":{"rendered":"http:\/\/routenote.com\/blog\/?p=222"},"modified":"2022-06-09T12:32:42","modified_gmt":"2022-06-09T11:32:42","slug":"warner-music-group-reports-higher-profits-on-lower-sales-for","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/warner-music-group-reports-higher-profits-on-lower-sales-for\/","title":{"rendered":"Warner Music Group Reports Higher Profits on Lower Sales for"},"content":{"rendered":"<div class=\"entry-body\">\n<div>\n<div class=\"item-body\">\n<div>\n<div>\n<p>Even though there has been a big decline in CD sales, which is expect to continue, Warner Music Group managed to actually meet analysts&#8217; expectations and remain strong.<\/p>\n<ul>\n<li><strong><a href=\"http:\/\/www.hypebot.com\/.shared\/image.html?\/photos\/uncategorized\/2008\/11\/25\/wmg.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" style=\"margin: 0px 0px 5px 5px; float: right;\" title=\"Wmg\" src=\"http:\/\/www.hypebot.com\/hypebot\/images\/2008\/11\/25\/wmg.jpg\" border=\"0\" alt=\"Wmg\" width=\"79\" height=\"119\" \/><\/a> 2008 fiscal year revenue<\/strong> grew 3% to $3,491M, and declined 2% on a constant-currency basis. 34 revenue totaled $854M a decrease of 1% from the prior-year quarter or 5% on a constant-currency basis.<\/li>\n<li><strong>2008 digital revenue <\/strong>rose 39% to $639M or 18% of total. Q4 digital revenue was $167M or 20% of total revenue up from $166M in the third quarter of fiscal &#8217;08 and up 28% from the prior-year quarter. Full-year 2008 digital revenue rose 39% to $639M or 18% of total revenue.<\/li>\n<li><strong>Operating income from continuing operations declined 20% to $66 million<\/strong>.. in the quarter compared to $83 million in the prior-year quarter. Prior quarters had benefited from a $17M legal settlement and been dragged down by whopping $9M in expenses during the failed aquisition of EMI.<\/li>\n<\/ul>\n<ul>\n<li><strong>Operating income<\/strong> before depreciation and amortization from continuing operations fell 8%. <strong>(<a href=\"http:\/\/investors.wmg.com\/phoenix.zhtml?c=182480&amp;p=irol-newsArticle&amp;ID=1229864&amp;highlight=\" target=\"_blank\" rel=\"noopener\">more<\/a>)<\/strong><\/li>\n<\/ul>\n<p>WMG&#8217;s saw revenue fall 3.7% with weakness in the U.S. offset by sales in Japan, France and Italy. Major sellers included Metallica, Kid Rock and Mariya Takeuchi.<\/p>\n<p>Sources: <a href=\"http:\/\/www.billboard.biz\/bbbiz\/content_display\/industry\/e3iebd6a39896504e50df237ca681469ef9\" target=\"_blank\" rel=\"noopener\">Billboard<\/a>, <a href=\"http:\/\/musically.com\/blog\/2008\/11\/25\/wmg-q3-digital-revenues-up-28-year-on-year\/\" target=\"_blank\" rel=\"noopener\">MusicAlly<\/a>, <a href=\"http:\/\/www.hypebot.com\/hypebot\/2008\/11\/wmg-reports-hig.html\" target=\"_blank\" rel=\"noopener\">Hypebot<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Even though there has been a big decline in CD sales, which is expect to continue, Warner Music Group managed to actually meet analysts&#8217; expectations and remain strong. 2008 fiscal year revenue grew 3% to $3,491M, and declined 2% on a constant-currency basis. 34 revenue totaled $854M a decrease of 1% from the prior-year quarter or 5% on a constant-currency basis. 2008 digital revenue rose 39% to $639M or 18% of total. Q4 digital revenue was $167M or 20% of total revenue up from $166M in the third quarter of fiscal &#8217;08 and up 28% from the prior-year quarter. Full-year&#8230;<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[128,678,679,677,433],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Warner Music Group Reports Higher Profits on Lower Sales for - RouteNote Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/warner-music-group-reports-higher-profits-on-lower-sales-for\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warner Music Group Reports Higher Profits on Lower Sales for - RouteNote Blog\" \/>\n<meta property=\"og:description\" content=\"Even though there has been a big decline in CD sales, which is expect to continue, Warner Music Group managed to actually meet analysts&#8217; expectations and remain strong. 2008 fiscal year revenue grew 3% to $3,491M, and declined 2% on a constant-currency basis. 34 revenue totaled $854M a decrease of 1% from the prior-year quarter or 5% on a constant-currency basis. 2008 digital revenue rose 39% to $639M or 18% of total. 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