EMI sees pretax profit slumping 34% in the first half to £27 million (about $50 million) as its release sked skews heavily to later in the year with new albums by Robbie Williams, Norah Jones and Keith Urban.
In a financial update Monday, the London-based music company — home to Coldplay, Paul McCartney and the Rolling Stones — said revenue dipped 3% for the six months ended in September.
EMI faced tough comps from the year-earlier period, which included sales of Coldplay’s top-selling “X&Y.”
The shares rose 1.57% in London.
Digital music repped about 9% of recorded music revenue.
EMI suspended contentious merger talks with U.S. rival Warner Music earlier this year after a European court annulled earlier approval of the 2004 merger of Sony Music and BMG.