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WARNER MUSIC GROUP NEWS RELEASE Warner Music Group Corp. Reports Results for the Third Quarter Ended June 30 , 2021 2021-08-03 Financial Highlights : • Total Revenue Grew 27 % Propelled by Streaming Acceleration and Partial Recovery in Certain COVID- Impacted Areas • Recorded Music Streaming Revenue Grew 27 % Powered by Chart - Topping New Music • Robust Growth in Revenue from Emerging Streaming Platforms • Margin Expansion and High Operating Cash Flow Conversion Driven by Strong Operating Leverage For the three months ended June 30 , 2021 . Total revenue grew 33 % or 27 % in constant currency • Digital revenue grew 29 % or 23 % in constant currency Net income was $ 61 million versus net loss of $ 519 million in the prior - year quarter • OIBDA was income of $ 241 million versus a loss of $ 371 million in the prior - year quarter • Adjusted OIBDA increased 58 % to $ 263 million versus $ 166 million in the prior - year quarter • Adjusted EBITDA increased 49 % to $ 282 million versus $ 189 million in the prior - year quarter NEW YORK , Aug. 03 , 2021 ( GLOBE NEWSWIRE ) -- Warner Music Group Corp. today announced its third - quarter financial results for the period ended June 30 , 2021 . 1