{"id":166,"date":"2010-05-10T08:51:38","date_gmt":"2010-05-10T08:51:38","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2010\/05\/10\/wmg-offers-mixed-financial-report-digital-sales-up\/"},"modified":"2010-05-10T08:51:38","modified_gmt":"2010-05-10T08:51:38","slug":"wmg-offers-mixed-financial-report-digital-sales-up","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2010\/05\/10\/wmg-offers-mixed-financial-report-digital-sales-up\/","title":{"rendered":"WMG Offers Mixed Financial Report, Digital Sales Up"},"content":{"rendered":"<p><img decoding=\"async\" src=\"images\/stories\/images\/Various\/warnermusicgroup.bmp\" border=\"0\" \/>\u00a0<br \/>In a report to investors this morning, Warner Music Group showed <strong>a loss for the quarter ending March 31st of $25 million <\/strong>or 17 cents a share. That&#8217;s down significantly from the $68 million or 45 cents a share loss in the same quarter last year. <strong>Overall revenue fell 1.3%<\/strong> to $662 million with rising digital sales contributing to WMG&#8217;s improving numbers. Other highlights:<\/p>\n<p>  <!--more-->  <\/p>\n<p><a><\/a><\/p>\n<div class=\"entry-more\">\n<ul>\n<li><strong>Digital sales<\/strong> reached <strong>$199 million or 30% of total revenue<\/strong>. That&#8217;s an up 8% from the previous quarter and up 15% from $173 million in the prior-year quarter.\u00a0 <\/li>\n<li>Total revenue of $662 million represented a decline of 1% from the prior-year quarter. <\/li>\n<li><strong>Operating income grew 60%<\/strong> to $24 million compared to $15 million in the prior-year quarter. <\/li>\n<\/ul>\n<p> Wall Street <strong>analysts may not be overjoyed <\/strong>by WMG&#8217;s performance. They had forecast a profit of $.30 on revenue of $663.3 million according to Thomson Reuters. <\/p>\n<p>Source: Hyperbot<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0In a report to investors this morning, Warner Music Group showed a loss for the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[25],"tags":[],"class_list":["post-166","post","type-post","status-publish","format-standard","hentry","category-music-biz"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=166"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/166\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}