Warner Music Group Shares Up 20% Since Q4 Beat  
<p><a href='https://financialmodelingprep.com/financial-summary/WMG'>Warner Music Group Corp. (NASDAQ:WMG)</a> shares gained nearly 20% since the company’s reported Q4 results on Tuesday, with both EPS of $0.28 and revenue of $1.5 billion coming in better than the Street estimates of $0.14 and $1.43 billion, respectively.</p>
<p>Analysts at Deutsche Bank view the quarterly results as representative of the company continuing on its path of steady, durable growth with a mostly favorable industry backdrop along with multiple high-margin growth vectors as music expands beyond traditional streaming platforms.</p>
<p>The analysts view management's commentary around streaming as incrementally positive, i.e., robust Q4 Recorded Music organic subscription streaming revenue growth in the low teens, after making adjustments for comparability year-over-year; and Publishing streaming growth of 30% year-over-year with strength across traditional and emerging platforms.</p>
<p>The analysts raised their price target to $37 from $30 on the company’s shares while maintaining their Buy rating.</p>

NASDAQ:WMG