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WMG has reported earnings for the final quarter of 2014, the first in its 2015 financial year. Total revenue grew year-on-year at both current and constant exchange rates.


  • The company’s recorded music sector had a good three months with increased revenue from both physical formats and streaming.
  • In contrast, Warner Chappell suffered a decline in earnings at both current and constant exchange rates.

Features and Benefits

  • The research note details the final three months financials for WMG
  • Given that WMG is publicly listed, the level of detail in its financials allows for a detailed analysis of where the recorded music industry is headed.

Key questions answered

  • What were the big gains for WMG in the final three months of 2014?
  • What caused the rise in net losses for WMG in the final three months of 2014?

Table of contents

Ovum view

  • Summary
  • WMG earnings benefit from recorded music growth
  • Recorded music results
  • Music publishing results


  • Author

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