WMG's fourth quarter revenues grew 6% overall on strong streaming and publishing growth — a stronger release schedule didn't hurt.
The company earned $624 million in online music revenue even as it saw steep declines in its social entertainment segment.
Releases from Travis Scott, SZA, Harry Styles, Luke Combs and Stray Kids were among the top-earning titles in the quarter ended Sept. 30.
Sphere Entertainment expects two more residencies in the second half of its current fiscal year ending June 30, 2024.
The company, which spun off in April, suffered a tough comparison to the prior-year quarter but has high expectations for the rest of 2023.
The company's overall revenue grew 15% during its second fiscal quarter.
Total revenue hit $89.5 billion thanks to a big quarter for iPhones.
The concert promotion and ticketing giant posted third-quarter revenue of $8.2 billion, up 32% from the prior-year period.
In Quality Control's second full quarter with HYBE, the hip-hop label accounted for 19% of HYBE's streaming revenue.
The company said it lost 96,000 self-pay subscribers in the quarter, but total subscribers held flat at 34 million as it prepares to unveil a new app.
