Warner Music Group (WMG) reported fiscal Q2 earnings Thursday of $0.07 per diluted share, down from $0.18 a year earlier.
Analysts polled by FactSet expected $0.27.
Revenue for the quarter ended March 31 was $1.48 billion, compared with $1.49 billion a year earlier.
Analysts polled by FactSet expected $1.52 billion.
Shares were down 2% in recent premarket activity.