Get the latest gossip

Warner Music Group Rides Strong Subscription Growth to Hit $6 Billion Revenue Target

Warner Music Group's fourth-quarter and full-year fiscal results for 2024 included strong growth in subscription streaming and publishing.

That figure included $5.22 billion in recorded music revenue, which represented a 5% increase from a year ago, and music publishing revenue of $1.2 billion, which was up by 11% increase from a year ago. “Our strong streaming performance, underpinned by positive industry trends, and combined with our cost discipline, resulted in robust cash flow generation,” Bryan Castellani, CFO of Warner Music Group, said in a statement. Major sellers during the label’s fourth quarter included Benson Boone, Charli XCX, Zach Bryan and Teddy Swims.

Get the Android app