Warner Music Group's Q3 Earnings Preview
<p>Deutsche Bank analyst provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/WMG'>Warner Music Group Corp’s (NASDAQ:WMG)</a> upcoming Q3 earnings results, noting the company’s share underperformance vs. UMG (its closest competitor) and NASDAQ in Q2 and into Q3 quarter-to-date. </p>
<p>The analysts attribute some of this underperformance vs. UMG to flight to the market leader particularly given Warner Music Group’s decelerating reported recorded music streaming revenue growth. </p>
<p>However, with the company starting to lap one-timers beginning next quarter (and more meaningfully in 2023), along with underlying growth starting to inflect positively, the analysts contend the Q3 could represent a clearing event, setting the stage for the valuation gap with Universal to narrow. </p>

NASDAQ:WMG