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

Warner Music announced plans Wednesday to cut 600 employees in the record label conglomerate's latest cost-cutting effort as the company seeks to sell off its entertainment portfolio, following a string of corporate layoffs in the tech industry.

Warner Music Laying Off 600 Employees As It Looks To Sell Uproxx

Warner Music is cutting 10% of its workforce in a plan to restructure the company.

Warner Music to cut 600 jobs, or 10% of staff

Financial Highlights Double-Digit Growth in Revenue and Adjusted OIBDA as both Recorded Music and Music Publishing Deliver Highest Quarterly Revenue in Company History Recorded Music Results Bolstered by an Acceleration in Subscription and Ad-Supported Streaming Music Publishing Momentum Continues with Fifth Consecutive Quarter of Increasing Revenue Growth Robust Operating Cash Flow Conversion of 65% of Adjusted OIBDA Launched Plan to Achieve $200 million in Annual Savings to be Reinvested into Growth Opportunities For the three months ended December 31, 2023 Total revenue increased 17% , or 16% in constant currency Net income was $193 million versus $124 million in the prior-year quarter Operating income increased 34% to $354 million versus $265 million i n the prior-year quarter Adjusted OIBDA increased 35% to $451 million versus $335 million in the prior-year quarter or 33% in constant currency Cash provided by operating activities increased 40% to $293 million versus $209 million in the prior-year quarter NEW YORK, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its first-quarter financial results for the period ended December 31, 2023. "These results reflect the impact of our chart-topping artists, hit-making songwriters, iconic catalog, and laser focus on execution by all our teams," said Robert Kyncl, CEO, Warner Music Group.

Warner Music Group Corp. Reports Results for Fiscal First Quarter Ended December 31, 2023

The rapper gets full ownership of her masters and publishing.

Warner Music, Megan Thee Stallion Strike Deal

Disney

Paramount Global

The rosy, demand-rich period of the COVID-19 pandemic is over, and media stocks haven't been faring well as of late. The sheer number of streaming services results in a dizzying array of things to watch.

The Next Media Giants: 3 Stocks to Buy for Blockbuster Returns

Warner Music Group Corp. (WMG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Warner Music Group Corp. (WMG) Upgraded to Buy: Here's Why

NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, February 8, 2024, for the first quarter ended December 31, 2023, 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, February 8, 2024

Comcast

Live Nation

NIKE

Royal Caribbean Cruises

We have narrowed our search to five consumer-centric large-cap stocks that have strong potential for 2024. These are: LYV, RCL, CMCSA, NKE, WMG.

Top 5 Consumer-Centric Stocks Amid Rising Consumer Confidence

BeiGene

Kraft Heinz

PepsiCo

Insulet

We have narrowed our search to five Nasdaq Composite listed laggards of 2023 with strong potential for 2024. These are: PEP, KHC, WMG, PODD, BGNE.

5 Nasdaq Composite Laggards Likely to Gather Pace in 2024

Accel Entertainment

DoubleDown Interactive Co Ltd

Hooker Furniture

Lululemon Athletica

Stocks like Accel Entertainment (ACEL), DoubleDown Interactive (DDI), Hooker Furnishings (HOFT), Lululemon Athletica (LULU) and Warner Music Group (WMG) are likely to benefit from Fed's decision to keep interest rates unchanged.

5 Stocks to Boost Your Portfolio as Fed Keeps Rate Unchanged

The RealReal

Virco Mfg.

Virco Mfg (VIRC), Comcast (CMCSA), Warner Music Group (WMG) and The RealReal (REAL) are likely to benefit from the steady decline in inflation.

4 Solid Stocks to Buy as Inflation Continues to Cool

InterContinental Hotels Group

We have narrowed our search to five consumer discretionary stocks that have strong growth potential for December. These are: LYV, RCL, IHG, NKE, WMG.

Top 5 Consumer Discretionary Stocks for December

Warner Music Group Corp. (WMG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Warner Music Group Corp. (WMG): Time to Buy?

Warner Music Group Corp. (NASDAQ:WMG ) Q4 2023 Results Conference Call November 16, 2023 8:30 AM ET Company Participants Kareem Chin - Head of IR Robert Kyncl - CEO Bryan Castellani - CFO Eric Levin - Retiring CFO Conference Call Participants Omar Mejias - Wells Fargo Ben Swinburne - Morgan Stanley Sebastiano Petti - JPMorgan Batya Levi - UBS Benjamin Black - Deutsche Bank Jason Bazinet - Citi Operator Welcome to Warner Music Group's Fourth Quarter Earnings Call for the period and fiscal year ended September 30, 2023. At the request of Warner Music Group, today's call is being recorded for replay purposes, and if you object, you may disconnect at any time.

Warner Music Group Corp. (WMG) Q4 2023 Earnings Call Transcript

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.34 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) Tops Q4 Earnings and Revenue Estimates

Warner Music Group reported fourth quarter fiscal 2023 results that topped expectations for both revenue and profits.   For the quarter ended in September, revenue grew 5.9% year-over-year to $1.58 billion and was slightly ahead of estimates of $1.57 billion.

Warner Music Group achieves record full-year revenue of $6B

Shares of Warner Music Group Corp. WMG, -0.54% leapt 2.6% toward a nine-month high after the music recorder and publisher beat fiscal fourth-quarter earnings expectations, as results were boosted by a “solid” release slate and strength in recorded music streaming growth. Net income for the quarter to Sept.

Warner Music Group stock jumps after earnings beat expectations, amid strength in recorded music streaming

Financial Highlights Eclipsed $6 billion of total revenue for the first time in WMG's history Acceleration in Q4 Streaming Growth Driven by Release Slate and Ad-Supported Improvement Continued Strength in Music Publishing with Double-Digit Revenue Growth for the Quarter and Full Year Strong Margin Expansion Outperformed Full-Year Expectations Achieved Robust Full-Year Operating Cash Flow Conversion of 56% in Line with Target For the three months ended September 30, 2023 Total revenue increased 6% , or 5% in constant currency Digital revenue increased 8% , or 7% in constant currency Net income was $154 million versus $150 million in the prior-year quarter OIBDA increased 19% to $291 million versus $245 million in the prior-year quarter or 17% in constant currency Adjusted OIBDA increased 20% to $317 million versus $265 million in the prior-year quarter or 18% in constant currency Cash from operating activities decreased 17% to $338 million from $406 million in the prior-year quarter For the twelve months ended September 30, 2023 Total revenue increased 2% , or 4% in constant currency Digital revenue increased 3% , or 5% in constant currency Net income was $439 million versus $555 million in the prior year OIBDA increased 7% to $1,122 million versus $1,053 million in the prior year or 10% in constant currency Adjusted OIBDA increased 7% to $1,235 million versus $1,149 million in the prior year or 10% in constant currency Cash provided by operating activities decreased 7% to $687 million from $742 million in the prior year NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its fourth-quarter and full-year financial results for the periods ended September 30, 2023. “We delivered on our promise of second-half improvement, and reached over $6 billion in annual revenue for the first time in WMG's history,” said Robert Kyncl, CEO, Warner Music Group.

Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2023

Warner Music Group announced its plans to produce an AI-generated Edith Piaf biopic as Hollywood grapples with the technology.

As Hollywood reckons with AI, Warner Music will use the tech to make an Edith Piaf biopic

IMAX

Investors with an interest in Film and Television Production and Distribution stocks have likely encountered both Imax (IMAX) and Warner Music Group Corp. (WMG). But which of these two stocks offers value investors a better bang for their buck right now?

IMAX vs. WMG: Which Stock Is the Better Value Option?

Warner Music Group Corp. (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.

Earnings Preview: Warner Music Group Corp. (WMG) Q4 Earnings Expected to Decline

SYDNEY & SAN FRANCISCO--(BUSINESS WIRE)--Today, Canva launched its popular music library to provide access to chart-topping, commercially released songs for personal use in Canva designs.

Canva Launches Popular Music Library to Supercharge Content Creation in Partnership with Warner Music Group, Merlin and More

Warner Music Group is the world's third largest pure-play music content company with a long-term track record of delivering robust operating performance. I rate shares with a "Hold" rating and a fair value of $30.84/share. A total Debt/EBITDA ratio of 4.07x is considered one of the red flags for a potential rating downgrade by Moody's.

Warner Music Group: Not Enough Margin Of Safety

NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, November 16, 2023, for the fourth quarter and fiscal year ended September 30, 2023, 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 16, 2023

COPENHAGEN, DENMARK / ACCESSWIRE / October 11, 2023 / Linkfire (STO:LINKFI) Linkfire has, on 11 October 2023, renewed the agreement for providing its Saas Marketing Platform to Warner Music Group globally. As one of the world's largest record labels, Warner Music Group has been an important partner to Linkfire for over half a decade.

News for Warner Music Group Stock (WMG)