Warner Music reports Q3 revenue up 10%, operating income up 80%, margin expansion to 23.2%

Filed August 5, 2026 · Period ending August 5, 2026 · ~1 min read

Key Changes

• high

  Q3 revenue grew 10% to $1.86B; operating income jumped 80% to $305M; net income swung to $200M from $16M loss; EPS $0.39 vs $(0.03) prior year

  Exhibit 99.1 view on EDGAR →
• high

  Recorded Music streaming revenue up 13.1% (adjusted for BMG termination), driven by subscriber growth, market share gains, and improved deal economics including per-subscriber minimums

  Exhibit 99.1 view on EDGAR →
• high

  Adjusted OIBDA margin expanded 1.4 percentage points to 23.2% (adjusted basis), driven by operating leverage, revenue mix, and restructuring savings; management reiterates high end of 150-200 bps full-year guidance

  Exhibit 99.1 view on EDGAR →