logo
Twitter
Discord
Email
logo
Warner Music Group Corp.

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
$16.43B
P/E (TTM)
49.2
49.9
Dividend Yield
2.4%
52W High
$36.64
52W Low
$25.56
52W Range
54%
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

Q4 2025 Data

Revenue

$1.87B+14.60%
4-Quarter Trend

EPS

$0.37+377.42%
4-Quarter Trend

FCF

$203.00M-1.93%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Increased 4% Total Revenues reached $6,707M USD, marking a $281M USD increase, driven by growth across key segments.
Music Publishing Revenue Strong Music Publishing revenues grew 8% to $1,306M USD, supported by $37M USD digital revenue increase.
Artist Services Revenue Jumps Artist services and expanded-rights revenue surged 22% to $835M USD, fueled by merchandising and acquisitions.
Adjusted OIBDA Margins Stable Consolidated Adjusted OIBDA grew 1% to $1,443M USD; margin remained constant at 22% of total revenue.

Risk Factors

Intense Market Competition Risks Failure to compete successfully in highly competitive markets may result in reduced profits and market share loss.
Substantial Leverage Concerns Substantial consolidated indebtedness of $4.365B USD limits flexibility and increases vulnerability to economic changes.
Restructuring Charges Recorded Recorded $234M USD in restructuring and impairment costs, including $79M impairment for EMP business sale.
Controlling Shareholder Influence Access controls 98% voting power, allowing control over corporate decisions, potentially conflicting with minority interests.

Outlook

2025 Restructuring Cost Savings 2025 Restructuring Plan expects $200M USD in pre-tax charges, aiming for $300M annualized savings by FY27.
Accelerating Catalog Acquisitions Beethoven JV enables leveraging third-party capital to pursue up to $1.2B USD in Recorded Music and Publishing catalog acquisitions.
Technology and AI Exploration Exploring AI benefits for value creation and efficiency, while working with platforms to establish responsible development frameworks.
Strategic Global Market Focus Dedicating resources to strategically important markets like China and Brazil, leveraging local presence and catalog strength.

Peer Comparison

Revenue (TTM)

Fox CorporationFOXA
$16.47B
+14.9%
Omnicom Group Inc.OMC
$16.07B
+4.1%
Telefônica Brasil S.A.VIV
$10.27B
+6.9%

Gross Margin (Latest Quarter)

News CorporationNWSA
100.0%
+0.0pp
Fox CorporationFOXA
76.5%
+35.7pp
Zillow Group, Inc.Z
72.6%
-3.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FOXA$33.06B16.217.2%32.7%
TLK$21.61B16.015.6%26.6%
VIV$19.28B17.88.8%14.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.9%
Moderate Growth
4Q Net Income CAGR
15.6%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 5, 2026
|
EPS:$0.39
|
Revenue:-
Reports
All Years
  • Form 10-K - FY 2025

    Period End: Sep 30, 2025|Filed: Nov 20, 2025|
    Revenue: $6.71B+4.4%
    |
    EPS: $0.69-15.9%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $1.69B+8.7%
    |
    EPS: $-0.03-111.0%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $1.48B-0.7%
    |
    EPS: $0.07-61.6%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Dec 31, 2024|Filed: Feb 6, 2025|
    Revenue: $1.67B-4.7%
    |
    EPS: $0.45+50.0%
    Beat
  • Form 10-K - FY 2024

    Period End: Sep 30, 2024|Filed: Nov 21, 2024|
    Revenue: $6.43B+6.4%
    |
    EPS: $0.82-2.4%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $1.55B-0.6%
    |
    EPS: $0.28+16.7%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $1.49B+6.8%
    |
    EPS: $0.18+172.7%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Dec 31, 2023|Filed: Feb 8, 2024|
    Revenue: $1.75B+17.5%
    |
    EPS: $0.30+25.0%
    Miss