WMG Revenue Jumps 17% to $1.7B on Major Q1 Releases From Bruno Mars, sombr & More

WMG Revenue Jumps 17% to $1.7B on Major Q1 Releases From Bruno Mars, sombr & More

Warner Music Group (WMG) reported on Thursday (May 7) that first-quarter revenue rose 17% compared to last year on double-digit percentage growth in recorded music and publishing revenues, with major releases from artists including Bruno Mars and sombr contributing to the uptick. Total revenue came in at $1.7 billion, driven by $1.38 billion in recorded music revenue, up 17%, and $353 million in music publishing, up 14% compared to a year ago.…