Warners post positive digital results

Warner Music saw revenues rise in the quarter to 30 September 2012, while losses were down both in the quarter and over the year. Revenue for the quarter was up 2% year-on-year to $731 million, while losses were down to $18 million. For the year, revenues were down slightly, $2.78 billion compared to $2.87 billion the previous year, but losses were also down, from $205 million to $112 million - and digital revenues continue to grow.