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

Employees

5,800

WMG Metrics

BasicAdvanced
$17B
59.18
$0.55
1.25
$0.73
2.32%

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
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

WMG Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
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.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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