Warner Music Group Corp. (NASDAQ:WMG) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET

Company Participants

Kareem Chin - Head, Investor Relations
Robert Kyncl - Chief Executive Officer
Bryan Castellani - Chief Financial Officer

Conference Call Participants

Kutgun Maral - Evercore ISI
Benjamin Swinburne - Morgan Stanley
Jason Bazinet - Citi
Benjamin Black - Deutsche Bank
David Karnovsky - J.P. Morgan
Devin Brisco - Wolfe Research
James Heaney - Jefferies
Batya Levi - UBS
Stephen Laszczyk - Goldman Sachs
Jessica Reif Ehrlich - Bank of America Securities

Operator

Welcome to Warner Music Group's Fourth Quarter Earnings Call for the period ended September 30, 2024. At the request of Warner Music Group, today's call is being recorded for replay purposes, and if you object, you may disconnect at any time.

Now, I would like to turn today's call over to your host, Mr. Kareem Chin, Head of Investor Relations. You may begin.

Kareem Chin

Good morning, everyone, and welcome to Warner Music Group's fiscal fourth quarter and full-year earnings conference call. Please note that our earnings press release, earnings snapshot and Form 10-K are available on our website. On today's call, we have our CEO, Robert Kyncl; and our CFO, Bryan Castellani, who will take you through our results and then we'll answer your questions.

Before our prepared remarks, I'd like to refer you to the second slide of the earnings snapshot to remind you that this communication includes forward-looking statements that reflect the current views of Warner Music Group about future events and financial performance. We plan to present certain non-GAAP results during this conference call and in our earnings snapshot slides and have provided schedules reconciling these results to our GAAP results in our earnings press release. All of these materials are posted on our website.

Also, please note that all revenue figures and comparisons discussed today will be presented in constant currency unless otherwise noted. References to normalized revenue and adjusted OIBDA are adjusted for items that impact comparability. The details of these can be found in our filings.

All forward-looking statements are made as of today and we disclaim any duty to update such statements. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs and projections will result or be achieved. Investors should not rely on forward-looking statements, because they're subject to a variety of risks, uncertainties and other factors that can cause actual results that differ materially from our expectations.