Warner Music Group posted significant gains in revenue and income, with especially notable bounces in digital revenue, in results for the company’s second fiscal quarter ending March 31.
Overall, revenue grew 8% to $675 million, versus $623 million for the same quarter in 2012.
Net income rose to $2 million, compared to a net loss of $36 million the same quarter last year; company attributed the gain to a 159% boost in operating income (to $57 million) and a decline in interest expenses.
The music company’s long-term focus on growing its digital side paid off with a 20% gain in digital revenue, which rose to $281 million, compared to $235 million the previous year.
Recorded music revenues grew 11% to $554 million, with digital revenue expanding 18% to $262 million. Operating income for the recorded music sector expanded a whopping 475% to $46 million.
WMG saw revenue growth in the U.S., U.K., France, Germany, Canada and Latin America, with strong sales from titles by Bruno Mars, Josh Groban, Fun., Ed Sheeran and Blake Shelton.
The Savior. He's so charitable.
Bruno is smashing in Mexico, it's one of the top 3 countries that contribute to his Worldwide iTunes Performance.
He's filming the music video on Monday 20th in Las Vegas.
A casting call for trained, professional female dancers has also been sent out.
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I'd post the screenshots but it would take forever on my phone.
I can't. He's really slaying already. BMA in 4 days. 
