The Latest Breaking News from Digital

Warner Music Group Corp (NASDAQ:WMG) reported second-quarter FY22 revenue growth of 10% year-on-year to $1.376 billion, missing the consensus of $1.38 billion. Recorded Music revenue grew 8% Y/Y to $1.15 billion. Music Publishing increased 20% Y/Y to $230 million, and Digital grew 8% Y/Y to $931 billion. Adjusted OIBDA margin decreased 50 bps…

Digital Brands Group Inc (NASDAQ:DBGI) has priced its underwritten public offering of 37.4 million shares at $0.25 per share. The offer price represents a 50% discount on Digital’s closing price on May 5, 2022. The company has granted the underwriters a 45-day option to purchase up to 5.4 million additional shares of common…

Kontoor Brands Inc (NYSE:KTB) reported first-quarter FY22 sales growth of 4% year-on-year to $679.74 million, beating the consensus of $655.33 million. The company attributed the revenue growth to strength in Digital and continued positive trends in the U.S. wholesale business and solid performance in international markets. Revenue in the U.S. increased 4% Y/Y,…

The company has provided IT services to organisations including British Airways, Diageo and The Prince's Trust

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Warner Music Group Corp (NASDAQ:WMG) reported first-quarter FY22 revenue growth of 22% year-on-year to $1.61 billion, beating the consensus of $1.49 billion. Recorded Music revenue grew 19% Y/Y to $1.39 billion. Music Publishing increased 31% Y/Y to $229 million, and Digital grew 21% Y/Y to $1 billion. Adjusted OIBDA margin increased 90 bps…

New York Times Co (NYSE:NYT) reported fourth-quarter FY21 sales growth of 16.7% year-on-year, to $594.2 million, beating the consensus of $578.9 million. Subscription revenues increased 11.2% Y/Y to $351.2 million, and advertising revenues increased 26.9% Y/Y to $176.8 million. Compared with the Q4 of 2019, total revenues increased 16.9%, as subscription revenues increased…