Yahoo Finance Warner Music Group Second Quarter 2024 Earnings: EPS Beats Expectations
Warner Music Group (NASDAQ:WMG) Second Quarter 2024 Results
Key Financial Results
Revenue: US$1.49b (up 6.8% from 2Q 2023).
Net income: US$96.0m (up 191% from 2Q 2023).
Profit margin: 6.4% (up from 2.4% in 2Q 2023). The increase in margin was driven by higher revenue.
EPS: US$0.18 (up from US$0.064 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Warner Music Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%.
Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Entertainment industry in the US.
Performance of the American Entertainment industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
Be aware that Warner Music Group is showing 3 warning signs in our investment analysis and 1 of those doesn't sit too well with us...
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