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 Group Corp. (NASDAQ:WMG ) Q2 2023 Earnings Conference Call May 9, 2023 8:30 PM ET Company Participants Kareem Chin - Head of IR Robert Kyncl - CEO Eric Levin - CFO Conference Call Participants Michael Morris - Guggenheim Securities Ben Swinburne - Morgan Stanley Sebastiano Petti - JPMorgan Benjamin Black - Deutsche Bank Rich Greenfield - LightShed Partners Stephen Laszczyk - Goldman Sachs Matthew Thornton - Truist Securities Tim Nollen - Macquarie Operator Welcome to Warner Music Group's Second Quarter Earnings Call for the period ended March 31, 2023. At the request of Warner Music Group, today's call is being recorded for replay purposes.

Warner Music Group Corp. (WMG) Q2 2023 Earnings Call Transcript

Sales growth accelerated slightly in Q1, but earnings fell. Warner Music is aiming to boost profit margins over time.

Why Warner Music Group Stock Fell on Tuesday

Warner Music Group shares were trading downwards on Tuesday morning after its fiscal 2Q earnings came in well below estimates. The firm reported quarterly earnings of $0.06 per share compared to earnings of $0.18 per share a year ago, missing the $0.20 per share figure pegged by Zacks.

Warner Music fiscal 2Q earnings miss estimates

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.18 per share a year ago.

Warner Music Group Corp. (WMG) Misses Q2 Earnings Estimates

Shares of Warner Music Group Corp. WMG, +3.37% rose 2.0% in premarket trading Tuesday, after the music recorder and publisher reported fiscal second-quarter revenue that rose above expectations, amid strong growth in music publishing streaming revenue. Net income for the quarter to March 31 fell to $34 million, or 6 cents a share, from $92 million, or 18 cents a share, in the year-ago period.

Warner Music stock gains after revenue rises above expectations, amid strength in the music publishing business

Financial Highlights Underlying Growth in Recorded Music Streaming Revenue Despite a Challenged Macroeconomic Environment Continued Momentum in Music Publishing Drives Double-Digit Revenue Growth Adjusted OIBDA Growth and Margin Improvement Underpinned by Financial Discipline Cost Savings to be Reinvested in Tech-Focused Initiatives and Expertise to Drive Long-Term Growth For the three months ended March 31, 2023 Total revenue increased 2% or 5% in constant currency Digital revenue increased 1% or 4% in constant currency Net income was $37 million versus $92 million in the prior-year quarter OIBDA decreased 19% to $207 million versus $255 million in the prior-year quarter or 16% in constant currency Adjusted OIBDA increased 4% to $286 million versus $274 million in the prior-year quarter or 8% in constant currency Cash from operating activities decreased 114% to a use of $6 million versus a source of $44 million in the prior-year quarter NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its second-quarter financial results for the period ended March 31, 2023. “With continued momentum in music publishing, and a more robust schedule that includes the return of worldwide superstars and new artists breaking globally, we are optimistic about the second half of the year,” said Robert Kyncl, CEO, Warner Music Group.

Warner Music Group Corp. Reports Results for Fiscal Second Quarter Ended March 31, 2023

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.

Warner Music Group Corp. (WMG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

NEW YORK, April 27, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (Nasdaq: WMG) today announced the election of Val Blavatnik to the company's Board of Directors, as well as his appointment to its Executive Committee. He replaces Alex Blavatnik, who has served as a director of WMG since July 2011, when Access Industries completed its acquisition of the company.

Val Blavatnik Elected to Warner Music Group Board of Directors

Apple

Disney

Netflix

AT&T

Warner Bros Discovery Inc

For 50 years, HBO has been a pioneer in television as one of the first paid tv networks. However, HBO has never been its own standalone business.

How HBO survived merger after merger and changed television forever

Season One, 'Iconic Records: Life After Death,' explores Notorious B.I.G.'s legendary final album Influential radio personality Angie Martinez hosts, series launches April 29 on The Roku Channel NEW YORK , April 19, 2023 /PRNewswire/ -- WMX, the next-generation artist services, media and creative content division of Warner Music Group (NASDAQ: WMG), today announced the launch of Iconic Records, a visual podcast series illuminating the most iconic albums in pop culture.

WMX ANNOUNCES NEW VISUAL PODCAST SERIES ICONIC RECORDS

NEW YORK, April 17, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Tuesday, May 9, 2023, for the second quarter ended March 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 Tuesday, May 9, 2023

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

LGF.A or WMG: Which Is the Better Value Stock Right Now?

Warner Music (NASDAQ: WMG ) layoffs have the entertainment company cutting 4% of its workforce during economic uncertainty. These layoffs were announced by company CEO Robert Kyncl in a letter sent to employees.

Warner Music Layoffs: What to Know About the Latest WMG Job Cuts

Warner Music Group Corp. WMG on Wednesday said it planned to cut about 270 jobs, or around 4% of its overall workforce, with most of them to be completed by the end of the company's next fiscal quarter. Robert Kyncl, the music entertainment giant's chief executive, said in a note to employees that “new business models are constantly emerging,” and that the company was “positioning itself for this new phase of growth at the intersection of creativity and technology.

Warner Music Group to cut around 4% of its overall workforce

The label behind Ed Sheeran and Madonna will eliminate 270 jobs as it repositions toward growth in technology.

Warner Music Group to Cut 4% of Workforce

Lucid Group

Amazon, Alphabet, Meta, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts.

2023 Layoff Tracker: Warner Music Cuts 270 Jobs While Electric Car Company Lucid Slashes 1,300

The value of the recordings that WMG has the rights to could be pretty high considering multiples we've been recently seeing in the music industry. Publishing catalogues are typically valued on the basis of a price on net publisher's share, which is license revenue net of artist royalty payments.

Warner Music Group Could Be Pretty Undervalued Considering Its Catalogue

Warner Music Group Corp. WMG said late Tuesday that it is initiating a succession plan for its chief financial officer. The current CFO, Eric Levin, has served as Warner Music's CFO since 2014.

Warner Music expects to appoint new financial chief by end of year

Celebration Launched At Grammy® House In Los Angeles Partnerships Announced With Dolby, LGND Music, New York Red Bulls, Peloton, And Vinyl Me, Please, With More To Be Introduced In Coming Weeks Watch The Trailer For Hip-Hop Fifty Now Keep Up To Date At Newly Launched HipHopFifty.com Listen To Official Hip-Hop Fifty Playlist Now LOS ANGELES , Feb. 15, 2023 /PRNewswire/ -- Warner Music Group (Nasdaq: WMG) is excited to announce the launch of Hip-Hop Fifty, a yearlong, global celebration of the groundbreaking genre that turned the world on its head during the last half century. The far-reaching Hip-Hop Fifty campaign will bring together the worlds of art, fashion, sports, and more to honor every facet of America's most popular musical genre.

WARNER MUSIC GROUP TO HONOR 50th ANNIVERSARY OF HIP-HOP WITH YEARLONG CELEBRATION

NEW YORK, Feb. 10, 2023 (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 $0.16 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on March 1, 2023, to stockholders of record as of the close of business on February 21, 2023.

Warner Music Group Corp. Announces Quarterly Cash Dividend

Warner Music Group Corp. (NASDAQ:WMG ) Q1 2023 Earnings Conference Call February 9, 2023 8:30 AM ET Company Participants Kareem Chin - Head of IR Robert Kyncl - CEO Eric Levin - CFO Conference Call Participants Benjamin Black - Deutsche Bank Sebastiano Petti - JPMorgan Benjamin Swinburne - Morgan Stanley Rich Greenfield - LightShed Partners Matthew Thornton - Truist Securities Michael Morris - Guggenheim Partners Kutgun Maral - RBC Capital Markets Stephen Laszczyk - Goldman Sachs Operator Welcome to Warner Music Group's First Quarter Earnings Call for the Period Ended December 31, 2022. 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) Q1 2023 Earnings Call Transcript

Warner Music Group Corp. (WMG) delivered earnings and revenue surprises of -14.81% and 3.02%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Warner Music Group Corp. (WMG) Misses Q1 Earnings and Revenue Estimates

Warner Music Group Corp. WMG, -0.84% reported Thursday fiscal first-quarter earnings and revenue that fell from a year ago, as weakness in the music company's recorded music and digital businesses offset strength in music publishing. The stock slipped 0.4% in premarket trading.

Warner Music profit and revenue fall as recorded music and digital show weakness, and stock slips

Warner Music Group Corp. Reports Results For Fiscal First Quarter Ended December 31, 2022

Rhythm City to introduce users to artists and music through social roleplay, virtual concerts, and mini-music challenges NEW YORK , Jan. 30, 2023 /PRNewswire/ -- Warner Music Group (NASDAQ: WMG), the global music and entertainment company, announced the launch of Rhythm City, a first-of-its-kind music-themed social roleplay experience on Roblox. Developed in partnership with Gamefam, a leading gaming and content company across metaverse platforms, Rhythm City will introduce users to artists and music through social roleplay and provide them access to a collection of digital items sold exclusively on Roblox.

News for Warner Music Group Stock (WMG)