Warner Music Group/$WMG

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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
Primary listing
NASDAQ
Employees
5,500

WMG Metrics

BasicAdvanced
$15B
22.07
$1.26
1.29
$0.77
2.87%

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

Total revenue increased 10%, or 9% in constant currency, in fiscal Q3 2026, driven by robust streaming and publishing performance (SEC)
Adjusted OIBDA margin expanded by 110 basis points to 23.2% in fiscal Q3 2026, reflecting cost savings from restructuring and an improved revenue mix (SEC)
Operating cash flow surged 209% to $142 million in fiscal Q3 2026, bolstering liquidity and supporting dividend payments and debt reduction targets (SEC)
Revenue growth decelerated to 10% in fiscal Q3 2026 from 17% in fiscal Q2 2026, suggesting potential saturation in streaming markets (SEC, WMG)
Net debt totaled $4.092 billion against $618 million in cash as of June 30, 2026, reflecting a high leverage ratio that may constrain financial flexibility (SEC)
Foreign exchange volatility impacted net income by a $3 million gain in Q3 versus a $22 million gain in Q2 2026, underscoring earnings sensitivity to currency movements (SEC, WMG)
Data summarised monthly by Lightyear AI. Last updated on 27 Aug 2026.

WMG Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

WMG Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing WMG

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