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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 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 Chappel 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
Communication Services
Trading on
Industry
Entertainment
Headquarters
Employees
5,800
Website
WMG Metrics
BasicAdvanced
$17B
Market cap
38.69
P/E ratio
$0.84
EPS
1.37
Beta
$0.70
Dividend rate
2.21%
Dividend yield
Price and volume
Market cap
$17B
Beta
1.37
52-week high
$38.05
52-week low
$27.06
Average daily volume
1.6M
Dividend rate
$0.70
Financial strength
Current ratio
0.678
Quick ratio
0.5
Long term debt to equity
628.444
Total debt to equity
635.111
Dividend payout ratio (TTM)
82.99%
Interest coverage (TTM)
5.74%
Management effectiveness
Return on assets (TTM)
6.84%
Return on equity (TTM)
86.52%
Valuation
Price to earnings (TTM)
38.689
Price to revenue (TTM)
2.619
Price to book
32.52
Price to tangible book (TTM)
-4.2
Price to free cash flow (TTM)
26.379
Dividend yield (TTM)
2.15%
Forward dividend yield
2.21%
Growth
Revenue change (TTM)
6.44%
Earnings per share change (TTM)
2.24%
3-year revenue growth (CAGR)
6.63%
3-year earnings per share growth (CAGR)
12.89%
3-year dividend per share growth (CAGR)
12.18%
What the Analysts think about WMG
Analyst Ratings
Analyst ratings (Buy, Hold, Sell) for Warner Music Group stock.
WMG Financial Performance
Income Statement
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
Earnings per share (EPS)
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%
-
WMG News
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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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FAQs
What’s the current market cap for Warner Music Group stock?
Warner Music Group (WMG) has a market cap of $17B as of December 15, 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 38.69 as of December 15, 2024.
Does Warner Music Group stock pay dividends?
Yes, the Warner Music Group (WMG) stock pays dividends to shareholders. As of December 15, 2024, the dividend rate is $0.7 and the yield is 2.21%. Warner Music Group has a payout ratio of 82.99% 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 1.37. 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.