Warner Music Group

Warner Music Group Corp. engages in the publishing and recording of music. It operates through the Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the sale, marketing, distribution, and licensing of recorded music produced by the company's recording artists. The Music Publishing segment acts as a copyright owner and/or administrator of the musical compositions and generates revenues related to the exploitation of musical compositions. The company was founded on November 21, 2003 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Warner Music Group reports Q1 growth amidst challenges and opportunities

Despite industry challenges, Warner Music Group remains confident in its future growth prospects. The company's strategic focus on technology, data, and diversification in Music Publishing are key drivers of resilience and potential growth.

Warner Music Group reports Q2 growth, eyes tech and global markets

Warner Music Group showed solid revenue and OIBDA growth, with a focus on tech and talent partnerships.
Despite challenges in Recorded Music, the company is optimistic about upcoming releases.
Efforts to optimize cost structure and invest in tech capabilities are underway.
Exploring new revenue models and market expansions to drive future growth.

Warner Music Group reports strong Q3 performance and eyes growth

Warner Music Group's Q3 2023 performance showcased revenue growth, market share momentum, and strategic initiatives driving innovation and revenue optimization across Recorded Music and Music Publishing segments.
The company's strengths in artist successes, value creation efforts, and AI-driven initiatives position it well for future growth, while challenges in marketing spend sustainability and revenue management require ongoing strategic focus.
Opportunities in expanding revenue streams through partnerships, leveraging AI for music creation, and capitalizing on streaming growth trends present avenues for Warner Music Group to drive innovation, enhance fan engagement, and maximize revenue potential.

Warner Music Group reports strong Q4 performance and eyes industry growth opportunities

Warner Music Group's Q4 performance reflects steady growth in revenue and adjusted OIBDA, supported by successes in recorded music and music publishing segments.
The company's strengths lie in its industry presence, focus on innovation, and strategic partnerships, while challenges include optimizing pricing strategies and partnership renewals.
Opportunities for WMG include industry optimism, investment in growth areas, and strategic acquisitions to drive future value creation and market leadership.
Overall, Warner Music Group's performance and strategic initiatives position it well for continued growth and success in the evolving music industry landscape.

Warner Music Group reports robust Q1 growth and strategic cost-saving plan

Warner Music Group's Q1 2024 earnings call highlighted strong financial performance, strategic cost-saving measures, and a focus on sustainable growth. The company's emphasis on artist development, leadership strength, and tech capabilities bode well for future success despite facing challenges in the evolving music industry landscape.

Warner Music Group reports solid Q2 growth and eyes global expansion

Warner Music Group's Q2 performance reflects revenue growth across Recorded Music and Music Publishing, driven by streaming and new artist signings, showcasing a strong market presence.
Despite margin variability and industry challenges, WMG's strategic strengths in content creation, global expansion, and artist development position it well for long-term success and growth.
The company's focus on innovation, market diversification, and revenue optimization presents opportunities for sustained growth and competitive positioning in the evolving music industry landscape.

Warner Music Group reports Q3 revenue growth, faces ad revenue challenges

Warner Music Group delivered a mixed performance in Q3 2024, with revenue growth driven by music publishing while recorded music faced a slight decline. Strong cash flow and operational efficiency were notable strengths, but challenges in ad-supported revenue and organizational changes in the recorded music business are areas to monitor. The company's focus on artist development and the growth in music publishing revenue offer promising opportunities for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on December 3, 2024, to stockholders of record as of the close of business on November 19, 2024.

Warner Music Group Corp. Announces Quarterly Cash Dividend

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) --  Warner Music Group Corp. will release its financial results on Thursday, November 21, 2024, for the fourth quarter and fiscal year ended September 30, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET.

Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, November 21, 2024

BofA Securities analyst Jessica Reif Ehrlich downgraded Warner Music Group Corp WMG from Neutral to Underperform and lowered the price target from $33 to $30.

Warner Music Hit By Streaming Volatility And Execution Risks: Analyst

Focus on cultural impact and creative expertise New leadership empowered at Atlantic, 300 Entertainment, and 10K Projects Key moves include promotions of Lanre Gaba and Erica Bellarosa, appointment of Dave Rocco, and elevation of Craig Kallman NEW YORK , Sept. 23, 2024 /PRNewswire/ -- Today, Atlantic Music Group (AMG), part of Warner Music Group (Nasdaq: WMG), unveiled its dynamic new leadership team and structure.

ATLANTIC MUSIC GROUP BEGINS NEW ERA

Warner Music Group (WMG) said it is going to expand its planned layoffs as part of an updated restructuring plan aimed at freeing up cash to boost its core music operations.

Warner Music Expands Layoffs in Restructuring Push

In February, Warner Music, home to artists such as Dua Lipa and Teddy Swims, said that it would cut 600 employees - about 10% of its workforce.

Warner Music slashing 750 jobs — or 13% of workforce — in major restructuring

The entertainment conglomerate now expects to cut its workforce by 13%, or about 750 employees—up from a 10% reduction.

Warner Music Increases Layoff Plans

Warner Music Group said on Thursday it would lay off about 150 employees, in addition to its earlier job cuts this year, totaling to about 13% of its workforce as part of a revised strategic restructuring plan to free up funds.

Warner Music to cut additional 150 jobs in restructuring push

CuriosityStream

IMAX

Film and television production and distribution companies like WMG, LGF.A, IMAX and CURI are thriving due to the heightened consumption of digital entertainment and a revitalized advertising spending climate.

4 Film & Television Production Stocks to Watch on Dull Industry Trends

Paramount Global

The Paramount Global takeover saga has taken a fresh twist with Edgar Bronfman Jr., the media industry veteran who previously headed Warner Music, tabling a $4.3 billion offer for a controlling stake in the business. The deal would see Bronfman take control of National Amusements, the company through which the Redstone family controls the sprawling Paramount media business.

Rival Paramount bid emerges from former Warner Music boss

Warner Music Group NASDAQ: WMG is in the communication services sector and is one of the “Big 3” companies in the music recording and publishing industry, including Sony Music Group and Universal Music Group OTCMKTS: UMGNF.

Big 3 Music Giant Warner: Streaming Boom Sends Shares Higher

Warner Music Group Corp. (WMG) Q3 2024 Earnings Call Transcript

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.28 per share a year ago.

Warner Music Group Corp. (WMG) Q3 Earnings Beat Estimates

Shares in Warner Music Group Corp. were ahead 4% in premarket trading after the label's earnings matched market expectations and it reiterated guidance for the year.

Warner Music up 4% on 'steady-as-she-goes' Q3 update

Financial Highlights Strong Recorded Music Subscription Streaming Growth Underpinned by a Robust Slate and Healthy Industry Trends Continued Momentum in Music Publishing Led by Strength in Digital and Performance Strong Margin Expansion and Double-Digit Growth in Operating and Free Cash Flow Reflect Solid Underlying Performance and Disciplined Cost Management Reiterating Full-Year Operating Cash Flow Conversion Guidance of 50-60% For the three months ended June 30, 2024 Total revenue decreased 1% , or increased 1% in constant currency Net income increased 14% to $141 million versus $124 million in the prior-year quar ter Operating income increa sed 10% to $207 million versus $189 million in the prior-year quarter Adjusted OIBDA increased 6% to $316 million, versus $297 million in the p rior-year quarter, or 8% in constant currency Cash provided by operating activities increased to $188 million , versus $146 million in the prior-year quarter NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its third-quarter financial results for the period ended June 30, 2024. "Our strong subscription streaming growth in Q3 was driven by the performance of our music and healthy industry trends,” said Robert Kyncl, CEO of Warner Music Group.

Warner Music Group Corp. Reports Results for Fiscal Third Quarter Ended June 30, 2024

Warner Music Group Corp.'s stock WMG, +1.88% rose 0.9% premarket Wednesday, after the company beat profit estimates for the second quarter, offsetting a small revenue miss. The company had net income of $139 million, or 27 cents a share, for the quarter, up from $122 million, or 23 cents a share, in the year-earlier period.

Warner Music's stock gains after profit beat offsets small revenue miss

Warner Music Group (WMG) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -9.6% in 4 Weeks, Here's Why You Should You Buy the Dip in Warner Music Group (WMG)

The Warner Music Group will see CEO of Recorded Music Max Lousada step down at the end of September, the company announced today. Lousada has run the recorded music operation for eight years, and will be an advisor until January 31.

Warner Music Group Shakes Up Executive Ranks, CEO Recorded Music Max Lousada Steps Down

Warner Music Group's chief of recorded music operations Max Lousada will step down, the record label conglomerate behind artists such as Radiohead, AC/DC and Madonna, said on Thursday.

Warner Music's recorded music operations chief to step down

After Two Highly Successful Decades at WMG, Max Lousada Announces Decision to Step Down at End of Fiscal Year Creative Regional Leadership to Be Elevated Through Flatter Structure; Greater Impact Through Globalized Services Elliot Grainge Becomes CEO of Atlantic Music Group at Beginning of Fiscal Year 2025; Julie Greenwald to Take New Role as Chairman of Atlantic Music Group NEW YORK ,  August 1, 2024 /PRNewswire/ -- Warner Music Group (Nasdaq: WMG) today unveiled a dynamic new structure for its Recorded Music operations, designed to strengthen services to artists at every stage of their careers, create more direct channels between local expertise and global opportunities, and position the company for long-term growth. As part of this reorganization, Max Lousada , CEO, Recorded Music, has decided to step down at the end of the fiscal year (September 30), after eight highly successful years in the role, and 20 years at WMG.

WARNER MUSIC GROUP ANNOUNCES REORGANIZATION OF RECORDED MUSIC OPERATIONS

Warner Music Group (WMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Warner Music Group Corp. (WMG) to Report a Decline in Earnings: What to Look Out for

NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Wednesday, August 7, 2024, for the third quarter ended June 30, 2024, instead of the previously announced reporting date of August 8, 2024. The company will hold an earnings conference call that morning at 8:30 a.m. ET.

Warner Music Group Corp. to Conduct Earnings Conference Call on Wednesday, August 7, 2024

NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, August 8, 2024, for the third quarter ended June 30, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET.

Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, August 8, 2024

WMG stock underperformed, down 7% since last post, while SPOT surged 306%. WMG's relative valuation remains low, potential for higher valuation on strong revenue and earnings growth. WMG's 2023 financial performance was tepid, 2024 results not promising, but recent trends show improvement.

Warner Music Group Poised To Shed Its Laggard Status

Warner Music Group's competitive position in the music industry, supported by scale and content advantage, will enable steady growth alongside industry growth. Valuation at 21x forward P/E is not demanding, offering potential for a 32% increase in share price. WMG's competitive advantages include scale, data advantage, distribution capabilities, and a vast catalog of music.

News for Warner Music Group Stock (WMG)