Jem Aswad Senior Music EditorWarner Music Group posted its best-ever quarterly revenue in its 17-year history as a stand-alone company, it announced on Monday, powered by streaming, which led to double-digit growth in digital revenue.Notably, its recorded music streaming growth was up 16% in constant currency, and publishing digital was up 36% (although overall its Warner Chappell division’s revenue was flat, largely due to COVID-related impact on performance and sync).For the three months that ended Dec.
31, 2020, the company’s total revenue grew 6% or 4% in constant currency; digital revenue grew 17% or 16% in constant currency; net income was $99 million versus $122 million in the prior-year quarter, and OIBDA increased 13% to $267.
Read more on variety.com