Warner Music Group (NASDAQ:WMG) reported its Q1 earnings results on Tuesday, February 8, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Warner Music Group beat estimated earnings by 48.28%, reporting an EPS of $0.43 versus an estimate of $0.29.
Revenue was up $279.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03, which was followed by a 3.77% drop in the share price the next day.
Here's a look at Warner Music Group's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.15 | 0.15 | 0.15 | 0.19 |
| EPS Actual | 0.12 | 0.16 | 0.28 | 0.21 |
| Revenue Estimate | 1.35B | 1.20B | 1.18B | 1.25B |
| Revenue Actual | 1.38B | 1.34B | 1.25B | 1.33B |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
