Warner Music Q1 rev up 10%, net income down to $175mln.

• Warner Music Group reports 10% revenue growth, 7% in constant currency • Net income at $175mln, down from $241mln in the prior-year quarter • Double-digit margin expansion and operating cash flow growth • 2026 outlook underpinned by strategic plan to drive 150-200bps margin improvement • Investments in core business, monetization opportunities, and cost savings initiatives