WMG Releases Fiscal Year-End Report

Warner Music Group Corp. today (Dec. 11) announced its full-year financial results for the period ended Sept. 30, 2014.

Total revenue increased 5.2 percent to $3.02 billion. Total digital revenue grew 10.9 percent to $1.2 billion and represented 39.5 percent of total revenue.

Net loss was $303 million.

Recorded music revenue grew 5.6 percent to $2.5 billion, due to income from Parlophone Label Group, which WMG purchased last year. Digital revenue from recorded music grew 10.4 percent to $1.1 billion.

Music publishing revenue rose 3 percent to $517 million.

wmg 2014 balance sheet

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Sarah Skates has worked in the music business for more than a decade and is a longtime contributor to MusicRow.

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