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:
以下是华纳音乐集团公司（WMG）2024年第二季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
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.
华纳音乐集团报告称，第二季度总收入增长了7％。唱片音乐收入和音乐出版收入分别增长了4％和19％。
该公司录制的音乐流媒体收入增长了11％，这主要是由于音乐表现强劲、订阅量增长和价格上涨。
调整后的OIBDA总额按正常化计算增长了9％或10％。
在第二季度末，该公司的现金余额为5.87亿美元，总负债为40亿美元，净负债为34亿美元。
Business Progress:
业务进展：
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.
华纳音乐集团的唱片音乐和音乐出版部门取得了成功，特雷西·查普曼和乔尼·米切尔等艺术家的每周音频直播量都有所增加。
该公司继续专注于通过讨论人工智能的演变以及对艺术家和词曲作者的保护来提高音乐的价值。
为了将原创艺术家培养成下一代超级巨星，该公司正在扩大其低税服务，并扩大其在充满活力的唱片音乐市场的影响力。
华纳报告称，新音乐表现强劲，预计下半年苹果和YouTube等其他DSP的价格上涨将产生全部影响。
该公司正在开发低触点服务，旨在扩大与新兴艺术家关系的覆盖面和盈利能力。
华纳还在优化旧内容，以便在各大数字服务提供商之间进行流媒体直播。该公司注意到音乐版权市场有大量交易渠道，并预计这些机会将继续下去。
More details: Warner Music IR
更多详情： 华纳音乐 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：欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。
译文内容由第三方软件翻译。