Warner Music Group is cutting 4% of its global staff, in what its chief executive Robert Kyncl described as part of an effort to "evolve" the music giant. The cuts, announced Wednesday in a staff ...
By Glenn Peoples Warner Music Group raised eyebrows the past two ... 2023 – the company’s second fiscal quarter – was 16.4%, according to Luminate. (That measures WMG’s share of streaming ...
Sales growth accelerated slightly in Q1, but earnings fell. Warner Music is aiming to boost profit margins over time. Tuesday's decline was sparked by a quarterly earnings report that showed ...
Looking at the earnings, Warner’s quarterly revenues grew 4.6% over the same previous-year period to $1.39 billion in the first three months of 2023, which were also Kyncl’s first three months ...
Dechert has become the latest firm to cut attorneys and staff, confirming Tuesday that it had started a process it expects to impact approximately 5% of its global ... in a 4% dip in the firm ...
Warner Music posted better-than-expected fiscal second-quarter results as revenue was in line and adjusted EBITDA was ahead of FactSet consensus. However, shares fell by over 9.5% as streaming ...
Adjusted OIBDA margin increased by 50 bps to 20.4%. Adjusted EPS of $0.20 beat the consensus of $0.18. Warner Music used $(6) million in operating cash flow and held $601 million Warner Music ...
Looking at the earnings, Warner’s quarterly revenues grew 4.6% over the same previous-year period to $1.39 billion in the first three months of 2023, which were also Kyncl’s first three months ...
The original version of this story was published on The Legal Intelligencer Dechert has become the latest firm to cut attorneys and staff ... approximately 5% of its global workforce.
Warner Music Group (NASDAQ: WMG) investors lost ground to the market on Tuesday. The music streaming specialist's stock was down 11% as of 3 p.m. ET compared to a 0.2% dip in the S&P 500.
Looking at the earnings, Warner’s quarterly revenues grew 4.6% over the same previous-year period to $1.39 billion in the first three months of 2023, which were also Kyncl’s first three months ...
