Warner Music Group has released both its fiscal fourth quarter and year-end financial reports. Revenue for the label was up 13 percent for the quarter to $905 million. Digital revenue accounted for six percent of the total revenue in the fourth quarter, totaling $53 million. Operating income for the fourth quarter jumped from $3 million in 2004 to $19 million in 2005.

For the entire fiscal year, WMG revenue was up two percent, reaching $3.5 billion in total. Operating income for the year was reported at $84 million, with growth in recording music and in publishing. Revenue from recorded music increased two percent to $2.9 billion, with digital music revenue accounting for $105 million. The label singled out Green Day, Linkin Park & Jay-Z, Michael Buble, Rob Thomas, and Simple Plan among the top sellers of the year.

"This report demonstrates that Warner Music Group is translating its vision and marketplace momentum into results," said Chairman/CEO Edgar Bronfman, Jr. "Our focus on the digital music business has yielded dramatic growth in digital revenue. Not only did annual digital revenue rise more than four-fold year-over-year to represent 6% of our fourth-quarter revenue, but we are also proud to report that for our 2005 fiscal year the absolute growth in digital revenue outpaced the absolute decline in physical revenue for our U.S. Recorded Music business."

In related news, Bronfman will be interviewed at the CSFB Global Media Week Conference in New York City next Tuesday, December 6th at 1:30 p.m.