Warner Music Group Corp - Ordinary Shares - Class A

NASDAQ:WMG   3:59:59 PM EDT
41.97
-0.70 (-1.64%)
Debt Financing / Related, Earnings Announcements, Mergers / Acquisitions

Warner Music Has Entered Into Non-Binding LOI With Respect To Three Acquisitions Of Certain Music And Music-Related Assets For About $710 Mln

Published: 11/17/2021 12:56 GMT
Warner Music Group Corp - Ordinary Shares - Class A (WMG) - Warner Music - Has Entered Into Non-binding Loi With Respect to Three Acquisitions of Certain Music and Music-related Assets for About $710 Million.
Warner Music Group Corp - Intends to Fund Deal Aggregate Cash Consideration With Net Proceeds of Offering and Cash on Hand.
Warner Music- for 12 Months Ended Sept 30, Estimates It Would Have Reported Additional Revenue, Adjusted EBITDA for Assets of $42.8 Million,$34.4 Million Respectively.
Warner Music- Expects to Enter Into Definitive Documentation for Each of Acquisition Transactions Shortly Following Closing of Offering.
Revenue is expected to be $1.49 Billion
Adjusted EPS is expected to be $0.30

Next Quarter Revenue Guidance is expected to be $1.4 Billion
Next Quarter EPS Guidance is expected to be $0.26

More details on our Analysts Page.