Crisis ? what crisis ? - I risultati del 3o trimestre di Warner Music Croup

Warner Music Group - Investor Relations - News Release.

Warner Music Group Corp. Reports Results for the 2009 Fiscal Third Quarter Ended June 30

Ricavi complessivi in calo del 12%!!!!
ma andando un po' piu' giu, si vede che anche i costi del venduto (costi variabili per ogni unita' venduta) sono calati del 10%

Ma poi, questo 12% di calo come e' fatto ?
E' misurato in dollari.

e come e' andato il dollaro rispetto alle altre valute ?
se fosse rimasto costante, come sarebbero stati i conti ?
viene detto per ogni linea di ricavo:

International Recorded Music revenue decreased 6.0% from the prior-year quarter to $345 million, but grew 7.8% on a constant-currency basis, while domestic Recorded Music revenue fell 11.0% from the prior-year quarter to $284 million.

Le vendite in USA calano, all'estero aumentano. Che la crisi abbia qualche effetto ?

Music Publishing revenue fell 12.5% from the prior-year quarter to $147 million, and declined 4.5% on a constant-currency basis. Music Publishing revenue declined 6.9% domestically and was down 15.5% internationally, or 3.1% internationally on a constant-currency basis.

Recorded Music digital revenue of $163 million grew 4.5% over the prior-year quarter, or 8.7% on a constant-currency basis, and represented 25.9% of total Recorded Music revenue, compared with 22.7% in the prior-year quarter. Domestic Recorded Music digital revenue amounted to $105 million, or 37.0% of total domestic Recorded Music revenue, compared with 31.7% in the prior-year quarter. Year-over-year digital revenue growth was driven by increased global online downloads.