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WARNER MUSIC GROUP NEWS RELEASE Warner Music Group Corp. Reports Results for the First Quarter Ended December 31 , 2020 2021-02-01 Financial Highlights : • Generated Highest Quarterly Revenue in History as a Standalone Company • Delivered Double - Digit Digital Revenue Growth Driven by Continued Momentum in Streaming • Increased Revenue Contribution from Emerging Platforms , Unlocking New Value - Creation Opportunities • Achieved Strong Year - Over - Year Growth and Margin Expansion in Key Operating Metrics For the three months ended December 31 , 2020 • Total revenue grew 6 % or 4 % in constant currency • Digital revenue grew 17 % or 16 % in constant currency • Net income was $ 99 million versus $ 122 million in the prior - year quarter • OIBDA increased 13 % to $ 267 million versus $ 236 million in the prior - year quarter • Adjusted OIBDA increased 18 % to $ 282 million versus $ 240 million in the prior - year quarter • Adjusted EBITDA increased 19 % to $ 297 million versus $ 249 million in the prior - year quarter NEW YORK , Feb. 01 , 2021 ( GLOBE NEWSWIRE ) -- Warner Music Group Corp. today announced its first - quarter financial results for the period ended December 31 , 2020 . 1