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.

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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.

Warner Music Group posts strong Q4 results, eyes growth opportunities

Warner Music Group's Q4 2024 earnings call showcased robust financial performance, strategic initiatives, and creative successes, underpinning its position as a leading player in the music industry.
While facing challenges such as industry dynamics and technology infrastructure, WMG remains focused on subscriber growth, pricing optimization, and market share expansion to drive future growth and profitability.
With a clear roadmap for growth, a diversified revenue mix, and a commitment to operational excellence, WMG is poised to capitalize on opportunities in subscription streaming, global expansion, and market innovation.

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MIAMI--(BUSINESS WIRE)--The Latin GRAMMY Cultural Foundation announces 2025 Warner Latina Scholarship. Additional aid available to students with financial limitations.

The Latin GRAMMY Cultural Foundation® Announces the 2025 Warner Music Latina Scholarship

IMAX

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Warner Music Group said on Monday its Australasia president Dan Rosen would take on the additional role of the president of its music publishing arm, Warner Chappell Music, in the region.

Warner Music Group names Australasia president Rosen as regional publishing head

Warner Music Group's Q4 earnings report failed to impress, leading to a significant stock drop and highlighting concerns about its competitive position in the music industry. Despite solid revenue growth and a $100M share buyback, WMG struggles as industry peers like Spotify and Live Nation capture investor mind share. Analysts question WMG's ability to leverage pricing strategy and product innovation to boost growth, with management's responses lacking concrete, exciting plans.

Downgrading Warner Music Group As Spotify And Live Nation Strike A Chord

Warner Music Group Corp WMG reported downbeat fiscal fourth-quarter 2024 earnings on Thursday.

These Analysts Cut Their Forecasts On Warner Music Following Q4 Earnings

Warner Music Group Corp. (NASDAQ:WMG ) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Kareem Chin - Head, Investor Relations Robert Kyncl - Chief Executive Officer Bryan Castellani - Chief Financial Officer Conference Call Participants Kutgun Maral - Evercore ISI Benjamin Swinburne - Morgan Stanley Jason Bazinet - Citi Benjamin Black - Deutsche Bank David Karnovsky - J.P. Morgan Devin Brisco - Wolfe Research James Heaney - Jefferies Batya Levi - UBS Stephen Laszczyk - Goldman Sachs Jessica Reif Ehrlich - Bank of America Securities Operator Welcome to Warner Music Group's Fourth Quarter Earnings Call for the period ended September 30, 2024.

Warner Music Group Corp. (WMG) Q4 2024 Earnings Call Transcript

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.34 per share a year ago.

Warner Music Group Corp. (WMG) Misses Q4 Earnings Estimates

Shares in Warner Music Group Corp (NASDAQ:WMG), home to artists including Dua Lipa, Ed Sheeran, Beyoncé and Cardi B, fell 4.5% pre-market to $32.17 as it reported increased revenue but much lower profits than a year ago due to restructuring costs.  Digital revenue was roughly flat, and streaming revenue increased 1%, while recorded music streaming revenue increased 2.1%.

Dua Lipa and Ed Sheeran label WMG increases streaming revenue but profits plunge

Financial Highlights Full-Year Results Reflect Healthy Performance Across Recorded Music and Music Publishing Continued Strong Growth in Subscription Streaming Underpinned by Healthy Macro Trends Music Publishing Achieves its Fourth Consecutive Year of Double-Digit Revenue Growth Delivered Operating Cash Flow Conversion of 53 % in line with Guidance For the three months ended September 30, 2024 Total revenue increased 3% (the same in constant currency) Digital revenue was flat compared to prior-year quarter Net income was $48 million versus $154 million in prior-year quarter Adjusted OIBDA increased 11% to $353 million versus $317 million in prior-year quarter (the same in constant currency) Cash provided by operating activities decreased 10% to $304 million from $338 million in prior-year quarter For the twelve months ended September 30, 2024 Total revenue increased 6% , or 7% in constant currency Digital revenue increased 7% , or 8% in constant currency Net income was $478 million versus $439 million in prior year Adjusted OIBDA increased 16% to $1,432 million versus $1,235 million in prior year (the same in constant currency) Cash provided by operating activities increased 10% to $754 million from $687 million in prior year NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its fourth-quarter and full-year financial results for the periods ended September 30, 2024. "Our performance this quarter and this year demonstrated our strength and adaptability in a thriving, fast-moving market," said Robert Kyncl, CEO, Warner Music Group.

Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2024

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

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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.

News for Warner Music Group Stock (WMG)