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Warner Music Leans on Digital Sales During Pandemic

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Warner Music Leans on Digital Sales During Pandemic

A growing share of Warner Music Group Corp.’s revenue in the latest quarter flowed from music streaming and other digital channels, a sign of how the coronavirus pandemic is reshaping listeners’ habits amid an altered landscape for the music industry.

Revenue for the music label was roughly flat year over year in the July-through-September period, rising by 0.2% to $1.13 billion. Digital revenue made up a significantly larger share of that sum, growing 15% to $778 million, from $674 million in the year-ago quarter.

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