Warner Music Group Earnings: Streaming Boosts Label to Record Quarter

Helped by double-digit streaming gains, Warner Music Group set a record for quarterly revenue of $1.335 billion in its fiscal first quarter ended Dec. 31, 2020.
Streaming revenue was up 17.5% for Warner’s recorded music division compared to the same period in 2020, while total revenue grew 6% (4% at constant currency).
Because Warner’s fiscal calendar runs a quarter behind a standard Gregorian calendar — its fiscal first quarter is the calendar year’s fourth quarter &mdas