WMG's fourth quarter revenues grew 16% overall on strong recorded music and publishing growth.
The German promoter and ticketing company expects a record year in 2022.
The John Malone-led company also said it would pursue a split-off of the Atlanta Braves and its associated real estate development project.
Recorded music revenues grew 46.6% to 135.1 billion won from July through September.
Economic forecasts look bleak, but live-industry experts still expect to see global growth in 2023.
The company completed its acquisition of OpenBet in the quarter, paving the way for a new sports betting segment.
National advertisers reduced marketing spending to mitigate economic headwinds in the second quarter, according to Cumulus Media CEO Mary Berner.
Expenses also surged $88 million on live events costs and MSG Sphere construction.
Ye's Yeezys accounted for up to 15% of Adidas’ net income, according to analysts.
Providence buys out two existing Wasserman investors, RedBird Capital Partners and Madrone Capital Partners.
