Warner Music Group reported adjusted EPS of $0.24 in Q1, exceeding the $0.21 analyst consensus, driven by robust streaming royalties and higher licensing income. Total revenue reached $1.48 billion, up 7% year-over-year, marking continued strength in its digital music and publishing segments.

The company inked a multi-year licensing agreement with Paramount granting rights to feature Warner’s catalog in upcoming theatrical releases and promotions. The pact includes cross-marketing initiatives and performance royalties, expected to add roughly 4% to annual licensing revenues.

Shares jumped 6% in early trading following the earnings beat and deal announcement, reflecting investor confidence. Management reaffirmed an 8% full-year revenue growth target and noted that strategic partnerships will support further margin expansion.