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Introduction

WMG has reported a positive third quarter of its FY18 financial year, with earnings boosted by the sale of its remaining shares in Spotify.

Highlights

  • Total revenue was up year-on-year at both reported and constant currency rates, with recorded-music and music publishing income rising at similar rates.

Features and Benefits

  • Details the financial results for WMG's third fiscal quarter.
  • Examines revenue by source for WMG's recorded-music and music-publishing divisions.

Key questions answered

  • What is the biggest revenue generator for WMG?
  • What share of publishing income for Warner/Chappell is generated by digital?

Table of contents

Ovum view

  • Summary
  • Another quarter of streaming gains and digital growth
  • Recorded-music results
  • Music publishing results

Appendix

  • Author