Warner Music Group has reported revenues of $652 million for its fiscal third quarter – down $15%. The company posted a net loss of $55 million for the quarter. Digital revenues grew just 2% year-on-year to $179 million, and were down 10% quarter-on-quarter. The company’s recorded music revenues were down 17.9%, while digital recorded music revenues were up 3.7%, accounting for 32.6% of WMG’s recorded music revenues – and 41.3% in the US.
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