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Warner Music Group’s Margin Breakthrough — OIBDA Growth Hits 15%!

Warner Music Group reported solid financial results for the third quarter ended June 30, 2026, continuing a trend of growth aligned with its long-term strategic goals. The company achieved 9% total revenue growth (11% on an adjusted basis) driven primarily by a 12% increase in recorded music subscription streaming revenue on an adjusted basis. This marked the fifth consecutive quarter in which the company met or exceeded its key performance targets. Operating metrics also reflected favorable trends: adjusted OIBDA increased 15%, translating into a 100 basis point margin expansion, and operating cash flow surged by 209%, boosting the cash balance by approximately $100 million to $618 million as of quarter-end. Warner Music Group emphasized strategic priorities across three areas—growing market share, increasing music value, and enhancing operational efficiency. The company highlighted growth in U.S.