CEO Robert Kyncl broke down the 12% increase in digital streaming revenue, revealed how better licensing deals are helping its bottom line and more.
Stella Lefty performs at Billboard Country Live held at Category 10 on June 05, 2026 in Nashville, Tennessee.
Joshua Applegate/Billboard
Since Robert Kyncl became Warner Music Group’s CEO in early 2023, the record label behind Madonna, Miley Cyrus, Stella Lefty and Burna Boy has undergone cost cuts, a corporate re-org and a slew of leadership changes. During the company’s earnings call on Wednesday (Aug. 5) for its third fiscal quarter, Kyncl sought to reassure investors that Warner’s consequent reinvestment and bottom line growth was evidence that “our long-term strategy is working.”
“Over the last three years, we’ve done lots of difficult things,” Kyncl said, reflecting on the company’s cost cuts, amounting to more than $600 million combined, and its work negotiating updated deals with streaming partners. “There’s a strategy here that was set in motion, and it’s delivering results. And we have an amazing team of executives who are rowing in the same direction.”
