In 2021, Warner Music Group reported that 18 percent of its total revenues were attributed to its licensing agreements with Spotify, an increase from the previous year. However, Warner Music's share of revenue represented by Apple decreased slightly, amounting to 13 percent.
Share of Warner Music Group's total revenue represented by Apple and Spotify in fiscal years 2017 to 2021
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Warner Music Group. (November 23, 2021). Share of Warner Music Group's total revenue represented by Apple and Spotify in fiscal years 2017 to 2021 [Graph]. In Statista. Retrieved May 24, 2022, from https://www.statista.com/statistics/1096717/warner-music-group-revenue-apple-spotify-share/
Warner Music Group. "Share of Warner Music Group's total revenue represented by Apple and Spotify in fiscal years 2017 to 2021." Chart. November 23, 2021. Statista. Accessed May 24, 2022. https://www.statista.com/statistics/1096717/warner-music-group-revenue-apple-spotify-share/
Warner Music Group. (2021). Share of Warner Music Group's total revenue represented by Apple and Spotify in fiscal years 2017 to 2021. Statista. Statista Inc.. Accessed: May 24, 2022. https://www.statista.com/statistics/1096717/warner-music-group-revenue-apple-spotify-share/
Warner Music Group. "Share of Warner Music Group's Total Revenue Represented by Apple and Spotify in Fiscal Years 2017 to 2021." Statista, Statista Inc., 23 Nov 2021, https://www.statista.com/statistics/1096717/warner-music-group-revenue-apple-spotify-share/
Warner Music Group, Share of Warner Music Group's total revenue represented by Apple and Spotify in fiscal years 2017 to 2021 Statista, https://www.statista.com/statistics/1096717/warner-music-group-revenue-apple-spotify-share/ (last visited May 24, 2022)