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
Sector
Primary listing
Employees
5,800
Headquarters
Website
WMG Metrics
BasicAdvanced
$18B
60.95
$0.55
1.25
$0.73
2.25%
Price and volume
Market cap
$18B
Beta
1.25
52-week high
$36.64
52-week low
$25.56
Average daily volume
1.8M
Dividend rate
$0.73
Financial strength
Current ratio
0.661
Quick ratio
0.452
Long term debt to equity
563.424
Total debt to equity
568.719
Dividend payout ratio (TTM)
126.94%
Interest coverage (TTM)
5.44%
Profitability
EBITDA (TTM)
1,317
Gross margin (TTM)
46.64%
Net profit margin (TTM)
4.59%
Operating margin (TTM)
14.87%
Effective tax rate (TTM)
28.97%
Revenue per employee (TTM)
$1,120,000
Management effectiveness
Return on assets (TTM)
6.46%
Return on equity (TTM)
42.71%
Valuation
Price to earnings (TTM)
60.948
Price to revenue (TTM)
2.713
Price to book
29.9
Price to tangible book (TTM)
-4.01
Price to free cash flow (TTM)
44.893
Free cash flow yield (TTM)
2.23%
Free cash flow per share (TTM)
0.753
Dividend yield (TTM)
2.16%
Forward dividend yield
2.25%
Growth
Revenue change (TTM)
1.36%
Earnings per share change (TTM)
-45.90%
3-year revenue growth (CAGR)
3.72%
10-year revenue growth (CAGR)
8.03%
3-year earnings per share growth (CAGR)
-12.01%
3-year dividend per share growth (CAGR)
7.72%
What the Analysts think about WMG
Analyst ratings (Buy, Hold, Sell) for Warner Music Group stock.
Bulls say / Bears say
The new multi-year distribution deal with Spotify secures direct licensing for Warner Chappell Music across key markets, enabling expanded paid subscription tiers and differentiated bundles to attract “superfans,” bolstering streaming revenue stability (Reuters)
Warner Music’s joint venture with Bain Capital to invest up to $1.2 billion in iconic music catalogs leverages WMG’s global infrastructure and Bain’s financial prowess, strategically diversifying high-margin catalog revenues beyond core streaming (Reuters)
Appointment of Armin Zerza—former Activision Blizzard CFO who helped orchestrate its $69 billion Microsoft acquisition—as Warner Music’s new CFO brings proven M&A and commercial acumen to strengthen capital allocation and financial strategy (Reuters)
Q1 shares fell 3.1% in premarket trading after Warner Music’s first-quarter revenue merely matched analyst estimates, signaling investor skepticism over the company’s growth outlook (Reuters)
Warner Music swung to a net loss of $16 million in Q3 versus net income of $139 million a year earlier, driven in part by a $70 million foreign exchange loss on Euro-denominated debt and hedging swings, underscoring volatility from non-core factors (WSJ)
An FT letter criticizes the ethical implications of music-backed securitization—like those underpinning WMG’s Bain JV—warning such financialization of song royalties can undermine artist trust and expose WMG to reputational risk (FT)
Data summarised monthly by Lightyear AI. Last updated on 4 Sept 2025.
WMG Financial Performance
Revenues and expenses
WMG Earnings Performance
Company profitability
WMG News
AllArticlesVideos
Warner Music Group Corp. Reports Results for Fiscal Third Quarter Ended June 30, 2025
Business Wire2 months ago
Warner Music upgraded by BofA on streaming deals, cost cuts
Proactive Investors3 months ago
Warner Music, Bain Capital launch JV to invest up to $1.2 billion in music catalogs
Reuters3 months ago
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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Capital at risk
Upcoming events
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FAQs
What’s the current market cap for Warner Music Group stock?
Warner Music Group (WMG) has a market cap of $18B as of September 30, 2025.
What is the P/E ratio for Warner Music Group stock?
The price to earnings (P/E) ratio for Warner Music Group (WMG) stock is 60.95 as of September 30, 2025.
Does Warner Music Group stock pay dividends?
Yes, the Warner Music Group (WMG) stock pays dividends to shareholders. As of September 30, 2025, the dividend rate is $0.73 and the yield is 2.25%. Warner Music Group has a payout ratio of 126.94% on a trailing twelve-month basis.
When is the next Warner Music Group dividend payment date?
The next Warner Music Group (WMG) dividend payment date is unconfirmed.
What is the beta indicator for Warner Music Group?
Warner Music Group (WMG) has a beta rating of 1.25. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.