Warner Music Tumbles After Results Show Streaming Slows

(Bloomberg) — Warner Music Group Corp. stock dropped the most in 18 months after the company reported disappointing fourth-quarter results and said streaming growth stalled.

The record label reported net income of $48 million in the three months ended Sept. 30, down 69% from a year earlier. Revenue rose 2.8% to $1.63 billion, beating the $1.59 billion expected by analysts.