Earnings Call Summary | Warner Music(WMG.US) Q2 2024 Earnings Conference
Earnings Call Summary | Warner Music(WMG.US) Q2 2024 Earnings Conference
The following is a summary of the Warner Music Group Corp. (WMG) Q2 2024 Earnings Call Transcript:
以下是華納音樂集團公司（WMG）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Warner Music Group reported a 7% growth in Q2 total revenue. Recorded music revenue and music publishing revenue increased by 4% and 19% respectively.
The company saw an 11% increase in recorded music streaming revenue, mainly due to a stronger music performance, subscription growth, and price hikes.
The total adjusted OIBDA grew by 9% or 10% on a normalized basis.
At the end of Q2, the company had a cash balance of $587 million, total debt of $4 billion, and net debt of $3.4 billion.
華納音樂集團報告稱，第二季度總收入增長了7％。唱片音樂收入和音樂出版收入分別增長了4％和19％。
該公司錄製的音樂流媒體收入增長了11％，這主要是由於音樂表現強勁、訂閱量增長和價格上漲。
調整後的OIBDA總額按正常化計算增長了9％或10％。
在第二季度末，該公司的現金餘額爲5.87億美元，總負債爲40億美元，淨負債爲34億美元。
Business Progress:
業務進展：
Warner Music Group has seen success with their recorded music and music publishing divisions with artists like Tracy Chapman and Joni Mitchell seeing boosts in their weekly audio streams.
The company continues to focus on growing the value of their music through discussions regarding the evolution of AI and protections for artists and songwriters.
To nurture original artists into the next generation of superstars, the company is extending its lower-tax services and expanding its presence in dynamic Recorded Music markets.
Warner has reported a strong performance in new music and expects to see the full impact of price increases with other DSPs like Apple and YouTube in the second half.
The company is developing lower-touch services that aim to expand the reach and profitability of relations with rising artists.
Warner is also optimizing older content for streaming across major DSPs. The company noted significant deal pipelines in the music rights market and expects these opportunities to continue.
華納音樂集團的唱片音樂和音樂出版部門取得了成功，特雷西·查普曼和喬尼·米切爾等藝術家的每週音頻直播量都有所增加。
該公司繼續專注於通過討論人工智能的演變以及對藝術家和詞曲作者的保護來提高音樂的價值。
爲了將原創藝術家培養成下一代超級巨星，該公司正在擴大其低稅服務，並擴大其在充滿活力的唱片音樂市場的影響力。
華納報告稱，新音樂表現強勁，預計下半年蘋果和YouTube等其他DSP的價格上漲將產生全部影響。
該公司正在開發低觸點服務，旨在擴大與新興藝術家關係的覆蓋面和盈利能力。
華納還在優化舊內容，以便在各大數字服務提供商之間進行流媒體直播。該公司注意到音樂版權市場有大量交易渠道，並預計這些機會將繼續下去。
More details: Warner Music IR
更多詳情： 華納音樂 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。