Warner Music Group Corp. (WMG) reported Thursday that net income attributable to Warner for the fourth quarter tumbled to $41 million or $0.08 per share from $152 million or $0.17 per share in the prior-year quarter.
On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.31 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter grew 2.8 percent to $1.63 billion from $1.59 billion in the same quarter last year. Analysts expected revenues of $1.60 billion for the quarter.
Last week, the Company's board of directors authorized a new $100 million share repurchase program.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.