The gain came alongside broader market strength as investors assessed the company’s early financial update.Preliminary Revenue Rises 10%Warner Music estimated third-quarter revenue increased 10% year over year to $1.864 billion, supported by growth across recorded music, publishing and digital operations.Recorded Music revenue increased 10% to $1.488 billion, while Music Publishing revenue grew 12% to $377 million.Digital revenue climbed 11% to $1.251 billion, led by 12% growth in Recorded Music streaming revenue to $1.001 billion. Music Publishing digital revenue rose 15% to $235 million.Operating Performance Lifts Profit And Cash FlowOperating income jumped 80% to $305 million, while adjusted OIBDA rose 16% to $433 million. Adjusted OIBDA margin expanded to 23.2% from 22.1%.GAAP EPS was estimated at 39 cents, compared with a 3-cent loss a year earlier. Adjusted EPS increased 21% to 51 cents, while adjusted net income rose to $266 million.Operating cash flow surged 209% to $142 million. Warner Music ended June with $618 million in cash and $4.71 billion in debt.Reaffirms Full-Year Guidance Ahead of Final Q3 EarningsThe company reiterated targets for high-single-digit revenue growth, double-digit adjusted OIBDA and adjusted EPS growth, and 50% to 60% operating cash flow conversion.Warner Music expects fiscal 2026 adjusted OIBDA margin improvement at the high end of its 150-to-200-basis-point target.The preliminary, unaudited results remain subject to change. Full third-quarter results are due Aug. 5, followed by a 4:30 p.m. ET conference call.WMG Stock: Critical Levels To WatchWMG’s technical setup remains bearish, with the stock trading 6.9% below its 20-day SMA, 9.9% below its 50-day SMA and 11% below its 200-day SMA.MACD remains below its signal line with a negative histogram, while July’s death cross reinforces the cautious outlook.