Warner Music Group’s fiscal third quarter, which concluded June 30, was a cautiously encouraging one, with revenue increasing by 8.7% (7% in constant currency) and streaming-specific revenues inching up by 4% (2.9% constant currency), the company reported today. However, the company reported a net loss of $16 million, down from $141 million net income in the same quarter last year.
Rainmaking artists for WMG over the quarter included Baekhyun, Rosé, Bruno Mars, the Grateful Dead and Teddy Swims.
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Shares in WMG were up about 2% on the day and trading at $30.63 at the
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