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Evening Standard

Business

Mark Banham

Warner Music posts third quarter revenue boost

Dua Lipa Kylie Minogue Coldplay Warner Music Group WMG

Warner Music Group’s roster of artists includes Dua Lipa
(Picture: Getty Images)

Warner Music Group (WMG) home to artists including Ed Sheeran, Coldplay, Dua Lipa and Kylie Minogue has topped market expectations in releasing its latest financial results.

Total revenue at the group in the third quarter grew 7% or 12% in constant currency while digital revenue was up slightly to 2% in the increasingly competitive music market. Revenue for the quarter came in at $1.43 billion (£1.18 billion) compared to $1.34 billion in the same quarter last year.

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