Warner Music Group rebounded nicely from last year’s pandemic-riddled second quarter, posting $117 million in net income, or 23 cents per diluted share, on revenues of $1.25 billion for the quarter ended March 31, 2021. That’s versus a $48 million net income loss on revenue of $1.09 billion for the quarter ended March 31, 2020.

Breaking out revenue by operation, recorded music posted a 16.8% gain to nearly $1.06 billion versus $907 million in the second quarter of 2020; while publishing likewise turned in a strong quarter, growing 15.7% to $192 million from the year-earlier corresponding second quarter when its revenue was $166 million.

Within recorded music, a 23.2% rise in streaming revenue boosted digital to $758 million for the quarter, representing a 21% increase from the $626 million in the year-earlier period, while physical grew 25.5% to $118 million from $94 million.

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