Warner Music Group: Benefitting From The Expanding Streaming Market! 

Warner Music Group reported mixed results for the third quarter of the fiscal year ending June 30, 2024. The company demonstrated resilience in its subscription streaming sector, which experienced accelerated growth of 14% on a normalized basis. This growth was primarily driven by an increase in subscriber numbers and the implementation of price hikes. Despite these strong gains in streaming, the company encountered challenges due to a softer advertising market and faced difficult comparisons in artist services and physical revenue.