Warner Music Posts Record Quarter as Publishing and Digital Soar

variety.com:

Jem Aswad Senior Music EditorWarner Music set a record for quarterly revenue in the fiscal first quarter that ended on Dec.

31, 2021, with $1.614 in revenue powered by a 31% increase in publishing revenue, 19% in recorded music and 21% in digital revenue.

Major sellers for the quarter included Ed Sheeran, Coldplay, Dua Lipa and Silk Sonic.“Hitting an all-time high in our 18 years as a standalone company is proof that we’ve never been stronger.

At the same time, we’ve never had so much opportunity ahead of us,” said Steve Cooper, CEO, Warner Music Group. “Our creative expertise, global agility, and willingness to experiment set us apart from the competition and solidify our important role across the entire music ecosystem.