- Warner Music Group Corp (NASDAQ:WMG) appointed Robert Kyncl as the CEO, effective January 1, 2023.
- In June, CEO and director Stephen Cooper shared his plans to step down. Cooper had served as CEO since 2011.
- Kyncl currently serves as Chief Business Officer at Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube, where he’s been instrumental in its phenomenal growth across all platforms. He has been serving there since 2010.
- Kyncl spent seven years at Netflix Inc (NASDAQ:NFLX), leading the push into streaming film and TV content.
- To ensure a smooth leadership transition, Kyncl and current WMG CEO Steve Cooper will serve as Co-CEOs for January 2023.
- As of February 1, 2023, Kyncl will become the sole CEO of WMG and assume Cooper’s board seat on WMG’s board.
- WMG reported second-quarter FY22 revenue growth of 10% year-on-year to $1.376 billion, missing the consensus of $1.38 billion. EPS was $0.18, down from $0.22 last year.
- Price Action: WMG shares traded lower by 0.35% at $25.61 on the last check Wednesday.
TSMC Reports In Q4, Shipments Of 5-Nanometer Accounted For 32% Of Total Wafer Revenue; 7-Nanometer Accounted For 22%. Advanced Technologies, Defined As 7-Nanometer And More Advanced Technologies, Accounted For 54% Of Total Wafer Revenue
https://investor.tsmc.com/english/encrypt/files/encrypt_file/qr/phase4_reports/2023-01/85e994ad280a242421bde6fbd7231fa647af315b/4Q22EarningsReleaseWoG.pdf
January 12, 2023 -- TSMC today announced consolidated revenue of
