Warner Music Group/$WMG
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Capital at risk
About Warner Music Group
Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.
- Ticker
- $WMG
- Sector
- Consumer Discretionary
- Primary listing
- NASDAQ
- Employees
- 5,500
- Headquarters
- New York, United States
- Website
- www.wmg.com
WMG Metrics
BasicAdvanced
$16B
24.81
$1.26
1.30
$0.77
2.56%
Price and volume
Market cap
$16B
Beta
1.3
52-week high
$35.42
52-week low
$23.34
Average daily volume
2.2M
Dividend rate
$0.77
Financial strength
Current ratio
0.734
Quick ratio
0.501
Long term debt to equity
4.489
Total debt to equity
4.529
Dividend payout ratio (TTM)
59.52%
Interest coverage (TTM)
6.93%
Profitability
EBITDA (TTM)
1,672
Gross margin (TTM)
45.77%
Net profit margin (TTM)
9.20%
Operating margin (TTM)
17.18%
Effective tax rate (TTM)
23.83%
Revenue per employee (TTM)
$1,330,000
Management effectiveness
Return on assets (TTM)
7.65%
Return on equity (TTM)
70.07%
Valuation
Price to earnings (TTM)
24.813
Price to revenue (TTM)
2.237
Price to book
19.17
Price to tangible book (TTM)
-3.62
Price to free cash flow (TTM)
56.726
Free cash flow yield (TTM)
1.76%
Free cash flow per share (TTM)
0.552
Dividend yield (TTM)
2.46%
Forward dividend yield
2.56%
Growth
Revenue change (TTM)
12.91%
Earnings per share change (TTM)
123.65%
3-year revenue growth (CAGR)
7.09%
10-year revenue growth (CAGR)
8.76%
3-year earnings per share growth (CAGR)
15.68%
3-year dividend per share growth (CAGR)
5.90%
What the Analysts think about WMG
Analyst ratings (Buy, Hold, Sell) for Warner Music Group stock.
Analyst projections of the future price of Warner Music Group stock.
Bulls say / Bears say
Recorded Music subscription streaming revenue grew 12.5% in the latest quarter, or 13.5% excluding the effect of a distribution contract termination, as subscriber growth, market share and improved deal terms supported the result. That gives WMG a solid engine for continued sales growth. (Warner Music Group)
Adjusted OIBDA rose 16% and the adjusted margin expanded by 110 basis points in the latest quarter. Management expects full-year margin expansion at the high end of its 150–200 basis-point target, helped by cost savings and operating leverage. (Warner Music Group)
Management expects its AI licensing deals to contribute materially to subscription streaming growth from fiscal 2027. If these partnerships scale, they could add a new way to earn from WMG’s catalogue and artists. (Music Business Worldwide)
Some recent subscription growth came from contractual price increases, which added 3.5 percentage points to growth in the latest quarter. That boost may be harder to repeat once higher prices are fully reflected in comparisons. (The Motley Fool)
WMG had about $4.1 billion of net debt at 30 June 2026, leaving less room to absorb weaker results or fund investment without pressure on cash flows. Its quarterly interest expense was $49 million. (U.S. Securities and Exchange Commission)
The American Federation of Musicians has sued WMG over its AI licensing deals, alleging the company licensed members’ recordings without permission or compensation. The case adds legal and artist-relations uncertainty to a growth plan that relies partly on AI partnerships. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 4 Nov 2026.
WMG Financial Performance
Revenues and expenses
WMG Earnings Performance
Company profitability
Upcoming events
No upcoming events
WMG News
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Funds containing WMG
AllUSDEUR
Fund name | Fund size | $WMG weighting |
|---|---|---|
SPDR S&P 400 US Mid Cap$SPY4 | $6.4B | 0.14% |
SPDR S&P 400 US Mid Cap£SPX4 | $6.4B | 0.14% |
iShares Euro Aggregate Bond ESG€EUN4 | €1.5B | 0.01% |
iShares Euro Aggregate Bond ESG£SEAG | €1.5B | 0.01% |
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