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

The stock price of Warner Music Group Corp (NASDAQ: WMG) fell by over 3% this week. This is why it happened.

Warner Music Group Stock (WMG): Why The Price Fell This Week

The shares of Warner Music Group Corp (NASDAQ: WMG) have received a $50 price target from Credit Suisse. These are the details.The shares of Warner Music Group Corp (NASDAQ: WMG) have received a $50 price target from Credit Suisse.

Warner Music Group (WMG) Stock: $50 Price Target From Credit Suisse

Warner Music Group went public in May 2020, raising $1.9 billion in an upsized IPO.

Warner Music Group Appears Fairly Valued

Sony

Major music stocks have been star performers over the past year. Expect the music to keep playing as industry leaders see continued growth.

Music Stocks Are a Buy as Song Publishers See Huge Growth

NEW YORK, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that through its wholly owned subsidiary WMG Acquisition Corp. (the “Company”) it has commenced a private offering (the “Offering”) of $535 million aggregate principal amount of senior secured notes (the “Notes”).

WMG Acquisition Corp. Announces Launch of Senior Secured Notes Offering

Although Warner Music Group Corp (NASDAQ:WMG) is poised to continue benefiting from secular tailwinds in the music industry and its longer-term growth story remains intact, the stock seems “fairly valued” and there is downside risk in the near-to-intermediate term, according to BofA Securities. The Warner Music Group Analyst: Jessica Reif Ehrlich downgraded the rating for Warner Music Group from Buy to Underperform while reducing the price target from $53 to $42.

Why This Warner Music Group Analyst Is Turning Bearish

Warner Music Group Corp. (WMG) CEO Steve Cooper on Q4 2021 Results - Earnings Call Transcript

Warner Music Group (NASDAQ:WMG) reported its Q4 earnings results on Monday, November 15, 2021 at 08:00 AM. Here's what investors need to know about the announcement.

Recap: Warner Music Group Q4 Earnings

Warner Music Group Corp (NASDAQ: WMG) reported fourth-quarter FY21 revenue growth of 22% year-on-year to $1.38 billion, beating the consensus of $1.35 billion. Recorded Music revenue grew 22% Y/Y to $1.17 billion.

Why Are Warner Music Shares Trading Higher Monday Premarket?

Warner Music Group Corp. WMG, -0.51% on Monday said its fourth-quarter net income rose to $28 million, or 5 cents a share, from a loss of $1 million, or breakeven on a per-share basis, in the year-ago period. Revenue rose to $1.38 billion from $1.13 billion.

Warner Music Group swings to a profit from narrow loss

Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2021

Oatly

Tyson Foods

The number of companies reporting quarterly earnings this week has swelled to more than 1,000 as more companies confirm their plans.

Earnings Previews: Oatly, Tyson Foods, Warner Music

NEW YORK, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (Nasdaq: WMG) will release its financial results on Monday, November 15, 2021, for the fourth quarter and fiscal year ended September 30, 2021, 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 Monday, November 15, 2021

Genasys Inc.

RE/MAX Hld

The S&P 500 stocks saw their aggregate trailing 12-month real revenue per share increase at a compound annual growth rate of approximately 3.12% over the past five years. The benchmark index for the U.S. stock market closed at 4,438.26 on Thursday, up approximately 106% over the past five years through Oct. 14.

3 Companies Growing Revenue Per Share Quickly

iHeartMedia

Mattel

NEW YORK & EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) and Warner Music Group's (NASDAQ: WMG) Arts Music division announced they are partnering with iHeartMedia (NASDAQ: IHRT) to launch Barbie Radio today exclusively on iHeartRadio, iHeartMedia's free all-in-one digital music, podcasting and live streaming radio service, and iHeartRadio Family, a stand-alone app featuring music, stories and radio stations perfect for kids. Barbie Radio, the first branded radio channel from M

Mattel and Warner Music Group's Arts Music Division Partner With iHeartMedia to Bring Barbie to the Airwaves

Max Lousada, CEO And Recorded Music at Warner Music Group (NASDAQ:WMG), made a large insider sell on September 29, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Lousada sold 510,165 shares of Warner Music Group at a price of $41.05.

CEO And Recorded Music Of Warner Music Group Makes $20M Sale

Barclays analyst Kannan Venkateshwar upgraded Warner Music Group Corp (NASDAQ:WMG) to Overweight from Equal Weight with a price target of $48, up from $38, implying an 11.1% Upside.  The ongoing growth of streaming combined with new revenue sources could result in the music industry exceeding its mid-1990's peak revenues in the next five years, Venkateshwar notes.

Barclays' Reasons For Preferring Warner Music Over Universal Music

Shares of Warner Music Group have rallied substantially over the past few months, helped especially by a very strong Q3 earnings print. The company has leaned into driving revenue from music streaming, which has fueled impressive growth.

Warner Music Group: This Ship Is Taking Off

Warner Music Group Corp (NASDAQ: WMG) priced 2.34 million shares sold by Access Industries, LLC affiliates at $44 per share for $102.96 million in a secondary public offering. The offer price implies a 2.2% discount to Warner's September 21 closing price of $45.

Access Industries Offloads Warner Music Shares Worth $103M At Discount

NEW YORK, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (the “Company”) (Nasdaq: WMG) today announced the sale of an aggregate of 2,340,000 shares of the Company's common stock by affiliates of Access Industries, LLC (the “Selling Stockholders”) to Morgan Stanley & Co. LLC, as the sole underwriter in the registered public offering of those shares. The Selling Stockholders are selling all of the shares of Class A common stock, and the Company will not receive any proceeds from the offering.

Warner Music Group Announces Sale of 2,340,000 Shares of Common Stock by Affiliates of Access Industries

The music giant got a big Wall Street upgrade.

Why Warner Music Group Stock Jumped 13% on Tuesday

Credit Suisse analyst Meghan Durkin upgraded  Warner Music Group Corp (NASDAQ:WMG) to Outperform from Neutral with a price target of $48, up from $37, implying a 19.2% upside.  Warner is well-positioned as one of the top three music labels globally, benefitting from the global transition to on-demand music streaming, Durkin reasons.

Credit Suisse Sees 19.2% Upside In This Stock As Streaming Industry Gains Steam

NEW YORK, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that Steve Cooper, Chief Executive Officer, will participate in a question and answer session during the Goldman Sachs 30th Annual Communacopia Conference on Thursday, September 23, 2021, at 2:05 p.m. ET.

Warner Music Group Corp. to Participate in Goldman Sachs 30th Annual Communacopia Conference

Global Deal Sets WMG as Definitive Home for Icon's Body of Work

David Bowie Estate and Warner Music Announce Landmark, Career-Spanning Partnership

Roblox

SAN MATEO, Calif., Sept. 8, 2021 /PRNewswire/ --  Roblox  (NYSE: RBLX) and Warner Music Group  (NASDAQ: WMG) today announced the Twenty One Pilots Concert Experience, a pioneering interactive virtual concert powered by the latest Roblox technology.

News for Warner Music Group Stock (WMG)