Warner Music Group Corp Ordinary Shares - Class A
WMG: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| q! | LOCK|%ggx | LOCK|RZn?!c |
Warner Music: Reacceleration of Sales Growth Wipes Away Last Quarter's Fears
Warner Music's fiscal third-quarter sales rebounded and offered evidence that investors in record labels shouldn't get too hung up on a single quarter's financial results. Excluding a currency benefit, total revenue grew 7% year over year, and like-for-like subscription streaming revenue grew 8.5%.
