Warner Music Posts Solid Earnings, Execs Discuss Universal IPO, Vinyl on Call

variety.com:

Jem Aswad Senior Music EditorWarner Music Group posted a solid fiscal fourth quarter and strong fiscal year results in earnings reported Monday, with revenue up 22.2% (20.8% in constant currency) driven by digital revenue growth of 19% (17.5% in constant currency) across recorded music and music publishing for the quarter; and revenue up 19% (15%) and net income of $307 million (versus a $470 net loss for 2020) for the year.

The quarter’s results were a strong boost from the same period last year, which were essentially flat, largely due to the pandemic, and were spurred in part by the return of live performances and retail outlets. (The fiscal quarter and year both ended on Sept.