Similar companies
| Company | Revenue | |
|---|---|---|
 |
AMCAMC |
1.03B 8.3% |
 |
DisneyDIS |
23.2B 4.9% |
 |
Fubo TVFUBO |
403M 0.9% |
 |
RokuROKU |
970M 10.1% |
 |
NetflixNFLX |
9.56B 2% |
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 1.56B | 6.4% |
| Gross Profit | 207M | 183.6% |
| Cost of Revenue | 1.35B | 3% |
| Operating expense | 517M | 11.5% |
| Net Income | 139M | 44.8% |
| EBITDA | 270M | 24.4% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 8.83B | 1.1% |
| Total Liabilities | 8.2B | 0.6% |
| Total Equity | 483M | 11.5% |
| Shares Outstanding | 518M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 188M | 706.5% |
| Cash from investing | -76M | 130.3% |
| Cash from financing | -90M | 7.2% |
EPS
Financial Highlights for Warner Music in Q2 '24
Warner Music reported a revenue of 1.56B, which is a 6.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 207M, marking a 183.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.35B, a -3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 517M, showing a -11.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 139M, showing a 44.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 270M, showing a 24.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Warner Music with growth in revenue, gross profit, and net income.
