Warner Music Group just keeps chugging along, generating revenue of $1.256 billion during its first fiscal quarter, a 4% improvement on the corresponding period in the previous year. WMG also saw its net income jump 40%, from $86 million a year ago to $122 million in the quarter ending Dec. 31.
The company's recorded music operation again accounted for over a billion of that revenue tally, raking in $1.084 billion during the quarter, up 4% year-over-year. Publishing revenue came in at $173 million, a 5% increase.
Breaking out recorded music revenue by format, digital overall accounted for $633 million in revenue, an increase of 12.6% compared to previous year quarter. Of that, $589 million was from streaming and $44 million from downloads and other digital. Artist services revenue was $188 million, an increase of 13.25%, while licensing was down 2.5% to $79 million.