Shrugging off any concerns over the COVID-19 pandemic, Warner Music Group saw its revenue rise 6.2% in its fiscal first quarter to $1.34 billion -- with double-digit percentage gains from digital music revenue.

The company credits major gains of business from subscription and advertising-supported streaming music services during the pandemic. Digital revenue was up 17% to $825 million.

Speaking to analysts during an its earnings phone call on Monday, Eric Levin, executive vice president and chief financial officer of Warner Music Group, said:

“Subscription [music platforms] has been growing from Covid by double digits [percentages] throughout the whole time, but advertising [supported platforms] initially took a dip.” he said. “[Now] both growing similar amounts in double digits, and that is great.”

Steve Cooper, chief executive officer of Warner Music Group, stated that “despite the impact of Covid[-19], we generated the highest quarterly revenue in our 17-year history.”

The company says growth in digital revenue was partially offset by lower artist services and expanded-rights revenue, down 4% to $180 million. Licensing revenue was flat at $80 million due to lower advertising, TV, and film deals as a result of the pandemic.

Overall recorded music revenue was 7% higher to $1.2 billion. Physical consumer music sales were down 5% to $174 million.

Net income declined 19% to $99 million due to the unfavorable impact of exchange rates on the company’s “euro-denominated debt” -- as well as intercompany loans and higher income-tax expense.

The company sees future music business gains from social media (the likes of Facebook, Instagram, Twitter, TikTok); gaming (Twitch and Fortnite); fitness live streaming apps, and the return of live music events.