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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 150,000 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 Chappel controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 73% economic interest.

Ticker

WMG

Sector

Technology

Trading on

NASDAQ

Industry

Entertainment

Headquarters

New York, United States

Employees

5,900

WMG Metrics

BasicAdvanced
$15B
Market cap
29.38
P/E ratio
$1.01
EPS
1.42
Beta
$0.67
Dividend rate
2.27%
Dividend yield
$15B
1.42
$0.67
0.693
0.505
721.88
729.231
97.92%
5.71%
7.29%
133.25%
29.384
2.39
35.37
-3.79
36.037
2.27%
9.90%
23.07%
10.63%
18.45%
23.01%

What the Analysts think about WMG

Analyst Ratings

Majority rating from 17 analysts.
Buy

WMG Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
6.42% profit margin
QuarterlyAnnual
Q2 24
QoQ growth
Revenue
$1.5B
-14.53%
Net income
$96M
-39.62%
Profit margin
6.42%
-29.37%

WMG Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 64.97%
QuarterlyAnnual
Q3 23
Q4 23
Q1 24
Q2 24
Q3 24
Actual
$0.23
$0.34
$0.33
$0.39
-
Expected
$0.20
$0.25
$0.43
$0.24
$0.28
Surprise
15.80%
34.34%
-23.80%
64.97%
-
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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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 $15B as of July 26, 2024.

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 29.38 as of July 26, 2024.

Does Warner Music Group stock pay dividends?

Yes, the Warner Music Group (WMG) stock pays dividends to shareholders. As of July 26, 2024, the dividend rate is $0.67 and the yield is 2.27%. Warner Music Group has a payout ratio of 97.92% 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 1.42. 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.

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