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Warner Music Group Corp.

NASDAQ•WMG
CEO: Mr. Robert Kyncl
Sector: Communication Services
Industry: Entertainment
Listing Date: 2020-06-03
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 150,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.
Contact Information
1633 Broadway, New York, NY, 10019, United States
212-275-2000
www.wmg.com
Market Cap
$14.84B
P/E (TTM)
48.4
55.3
Dividend Yield
2.6%
52W High
$34.94
52W Low
$25.56
52W Range
30%
Rank44Top 53.8%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$1.84B+0.00%
4-Quarter Trend

EPS

$0.34+0.00%
4-Quarter Trend

FCF

$390.00M+0.00%
4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Total Revenue Growth Total revenues reached $1,840M, marking a 10% increase from prior period.
Adjusted OIBDA Rises Adjusted OIBDA increased $100M to $463M, reflecting 28% growth for the quarter.
Strong Operating Cash Flow Cash provided by operating activities was $440M, showing a $108M increase.
Favorable Leverage Ratio Senior Secured Indebtedness to Adjusted EBITDA leverage ratio stood at 1.83x.

Risk Factors

Copyright Catalog Recapture Risk Potential loss of catalog rights due to U.S. Copyright Act termination provisions affecting Recorded Music.
Restructuring Plan Charges 2025 Restructuring Plan expects total pre-tax charges of approximately $200M.
Asset Held for Sale Impairment Recognized $9M impairment charge for EMP business assets classified as held for sale since September 30, 2025.
Ongoing Legal Uncertainties Pending claims and legal proceedings carry inherent uncertainties impacting operations and defense costs.

Outlook

2025 Restructuring Completion 2025 Restructuring Plan is expected to be fully implemented by the end of calendar year 2026.
Sufficient Liquidity Maintained Management believes current liquidity sources are sufficient to fund debt service and capital needs.
ERP System Rollout Continues New technology platform deployment continues, requiring ongoing updates to internal controls over financial reporting.
Share Repurchase Program Board authorized a $100M share repurchase program intended to offset dilution from incentive plans.

Peer Comparison

Revenue (TTM)

OMC stock ticker logoOMC
$17.27B
+10.1%
FOXA stock ticker logoFOXA
$16.58B
+9.2%
VIV stock ticker logoVIV
$10.70B
+7.1%

Gross Margin (Latest Quarter)

Z stock ticker logoZ
72.8%
-3.3pp
TLK stock ticker logoTLK
67.3%
-0.3pp
NWSA stock ticker logoNWSA
50.6%
+0.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
OMC$26.62B-363.5-0.9%23.5%
FOXA$25.55B13.116.2%38.9%
VIV$25.10B21.79.0%24.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
7.4%
Steady Growth
4Q Net Income CAGR
69.7%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 6, 2026
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