Ed Sheeran, Dua Lipa and the growth of music publishing drive Warner Music’s revenues
Warner Music Group, home to the likes of Cardi B, Ed Sheeran and Bruno Mars, reported a third-quarter increase in revenue and earnings on Tuesday as music publishing revenue rose 30 percent and setbacks in some business sectors that were previously affected. The covid epidemic. He also cited “undergoing growth despite promotional pressures” amid the economic cloud. Revenue for the latest period that ended in June was $125 million, more than double the $61 million earned in the previous year, the company said before the stock market opened. Adjusted income rose 77 percent from $83 million to $147 million. TheRead News