Warner Music Group

Warner Music Group

WMG · NASDAQ · Communication Services / Entertainment

32.30USD+0.63 (+1.99%)

Price History

Full chart

Market Stats

Previous Close31.67
Open32.34
Day Range31.94 – 32.74
52-Week Range23.04 – 34.97
Volume3.09M
Market Cap14.44B
P/E (TTM)22.09
Forward P/E13.09
EPS1.25
Dividend Yield2.90%
Beta1.30
50-Day Avg27.36
200-Day Avg28.60

About

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The company is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials. It also owns and acquires rights to approximately two million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions, as well as administers the music and soundtracks of various third-party television and film producers and studios. In addition, the company conducts its operation primarily through a collection of record labels, such as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Nonesuch, Parlophone, Reprise, Sire, Spinnin' Records, and Warner Classics and Warner Records Nashville. Further, it markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. Its catalog includes songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, alternative, blues, gospel, and other Christian music. The company was founded in 1929 and is headquartered in New York, New York.

Company Details

  • SectorCommunication Services
  • IndustryEntertainment
  • CEOMr. Robert Kyncl
  • Employees5.50K
  • Headquarters1633 Broadway, New York, NY, United States, 10019, USA
  • Websitehttps://www.wmg.com

Leadership

  • Mr. Robert KynclPresident, CEO & Director · b. 1971
  • Ms. Carletta HigginsonExecutive VP & Chief Digital Officer · b. 1978
  • Mr. Armin ZerzaExecutive Officer · b. 1970
  • Mr. Guy MootCo-Chair & CEO of Warner Chappell Music · b. 1966
  • Mr. Louis DicklerActing CFO, Senior VP, Global Controller & Chief Accounting Officer · b. 1978
  • Mr. Tom CorsonChief Operating Officer
  • Mr. Leho NigulChief Technology Officer
  • Mr. Kareem ChinSenior VP & Head of Investor Relations
  • Mr. Paul Martin Robinson Esq., J.D.Executive VP & General Counsel · b. 1958
  • Trent N. Tappe Esq.Senior VP, Deputy General Counsel, Chief Compliance Officer & Secretary

Financials

Income Statement

Currency: USD2000-09-302002-09-302003-09-302004-09-302005-09-302006-09-302007-09-302008-09-302009-09-302010-09-302011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-302019-09-302020-09-302021-09-302022-09-302023-09-302024-09-302025-09-30
Total Revenue3.46B3.29B3.38B1.77B3.50B3.52B3.38B3.49B3.20B2.98B2.87B2.78B2.87B3.03B2.97B3.25B3.58B4.00B4.47B4.46B5.30B5.92B6.04B6.43B6.71B
Growth (%)--4.94%+2.61%-47.60%+97.96%+0.40%-3.73%+3.13%-8.39%-6.69%-3.85%-3.10%+3.27%+5.43%-2.02%+9.44%+10.17%+12.00%+11.74%-0.27%+18.78%+11.66%+1.99%+6.44%+4.37%
Cost of Revenue1.96B1.87B-944.00M1.85B1.82B1.82B1.83B1.72B1.57B1.80B1.46B1.49B1.57B1.51B1.71B1.93B2.17B2.40B2.33B2.74B3.08B3.18B3.35B3.63B
Gross Profit1.50B1.42B3.38B825.00M1.65B1.69B1.56B1.66B1.48B1.41B1.07B1.32B1.38B1.46B1.46B1.54B1.65B1.83B2.07B2.13B2.56B2.84B2.86B3.07B3.08B
Gross Margin43.37%43.07%100.00%46.64%47.17%48.18%46.14%47.52%46.25%47.32%37.23%47.66%48.03%48.13%49.06%47.41%46.00%45.79%46.35%47.73%48.27%47.96%47.37%47.79%45.85%
Operating Expense1.54B2.96B0807.00M1.57B1.41B1.35B1.45B1.34B1.32B1.04B1.22B1.30B1.44B1.33B1.32B1.42B1.62B1.72B2.36B1.95B2.13B2.07B2.25B2.38B
Operating Income-36.00M-1.54B3.38B18.00M84.00M283.00M215.00M207.00M135.00M90.00M32.00M109.00M75.00M19.00M127.00M214.00M222.00M217.00M356.00M-229.00M609.00M714.00M790.00M823.00M694.00M
Operating Margin-1.04%-46.87%100.00%1.02%2.40%8.05%6.35%5.93%4.22%3.02%1.12%3.92%2.61%0.63%4.28%6.59%6.21%5.42%7.96%-5.13%11.49%12.06%13.09%12.81%10.35%
EBITDA-36.00M-1.54B3.38B184.00M330.00M519.00M511.00M475.00M397.00M348.00M32.00M361.00M236.00M195.00M415.00M507.00M398.00M841.00M678.00M-59.00M884.00M1.20B1.08B1.09B1.11B
EBITDA Margin-1.04%-46.87%100.00%10.40%9.42%14.76%15.10%13.61%12.41%11.66%1.12%12.99%8.22%6.44%13.99%15.62%11.13%21.00%15.15%-1.32%16.68%20.34%17.92%16.95%16.61%
Net Income-408.00M-6.03B-1.35B-238.00M-169.00M60.00M-21.00M-56.00M-100.00M-143.00M-138.00M-112.00M-198.00M-308.00M-91.00M25.00M143.00M307.00M256.00M-475.00M304.00M551.00M430.00M435.00M365.00M
Net Income Margin-11.79%-183.16%-40.08%-13.45%-4.83%1.71%-0.62%-1.60%-3.13%-4.79%-4.81%-4.03%-6.90%-10.18%-3.07%0.77%4.00%7.67%5.72%-10.64%5.73%9.31%7.12%6.77%5.44%
Interest Expense----182.00M180.00M182.00M0195.00M195.00M0225.00M203.00M203.00M181.00M173.00M149.00M138.00M142.00M127.00M122.00M125.00M141.00M161.00M159.00M
Interest Expense % of Total Revenue----5.20%5.12%5.38%0.00%6.10%6.53%0.00%8.09%7.07%6.71%6.10%5.33%4.17%3.45%3.17%2.85%2.30%2.11%2.34%2.51%2.37%

Balance Sheet

Currency: USD2000-09-302002-09-302003-09-302004-09-302005-09-302006-09-302007-09-302008-09-302009-09-302010-09-302011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-302019-09-302020-09-302021-09-302022-09-302023-09-302024-09-302025-09-30
Total Assets6.79B5.68B4.48B5.09B4.50B4.52B4.57B4.48B4.06B3.78B5.38B5.28B6.25B5.95B5.62B5.33B5.72B5.34B6.02B6.41B7.21B7.83B8.54B9.15B9.83B
Total Liabilities-2.68B4.61B4.61B4.41B4.46B4.60B4.56B4.15B3.99B4.30B4.33B5.51B5.56B5.38B5.13B5.41B5.66B6.29B6.46B7.17B7.66B8.12B8.48B9.07B
Total Equity5.23B3.00B1.59B280.00M89.00M58.00M-36.00M-86.00M-143.00M-265.00M1.06B927.00M726.00M371.00M221.00M210.00M308.00M-320.00M-269.00M-45.00M46.00M168.00M430.00M675.00M647.00M
Cash106.00M41.00M144.00M555.00M288.00M367.00M333.00M411.00M384.00M439.00M154.00M302.00M155.00M157.00M246.00M359.00M647.00M514.00M619.00M553.00M499.00M584.00M641.00M694.00M532.00M
Total Debt--2.18B2.18B2.25B2.26B2.27B2.26B1.94B1.95B2.22B2.21B2.87B3.03B2.99B4.22B4.48B4.67B5.07B3.44B3.68B4.01B4.26B4.29B4.61B
Net Debt-106.00M-41.00M-144.00M1.63B1.96B1.89B1.94B1.85B1.55B1.51B2.06B1.90B2.71B2.87B2.75B2.42B2.16B2.31B2.35B2.89B3.18B3.43B3.62B3.59B4.08B

Cash Flow

Currency: USD2002-09-302003-09-302004-09-302005-09-302006-09-302007-09-302008-09-302009-09-302010-09-302011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-302019-09-302020-09-302021-09-302022-09-302023-09-302024-09-302025-09-30
Operating Cash Flow-13.00M278.00M86.00M205.00M307.00M302.00M304.00M237.00M150.00M-199.00M209.00M159.00M130.00M222.00M342.00M535.00M425.00M400.00M463.00M638.00M742.00M687.00M754.00M678.00M
Investing Cash Flow-365.00M-65.00M-2.66B-54.00M-153.00M-255.00M-167.00M82.00M-85.00M-1.45B-58.00M-808.00M-155.00M-95.00M-8.00M-126.00M405.00M-376.00M-219.00M-638.00M-824.00M-300.00M-311.00M-340.00M
Financing Cash Flow385.00M-121.00M2.66B-416.00M-81.00M-94.00M-59.00M-346.00M-3.00M1.20B-3.00M511.00M37.00M-19.00M-216.00M-128.00M-955.00M88.00M-316.00M-61.00M188.00M-325.00M-396.00M-497.00M
Capital Expenditure88.00M51.00M15.00M30.00M30.00M29.00M57.00M38.00M87.00M51.00M64.00M71.00M102.00M79.00M67.00M60.00M88.00M145.00M125.00M574.00M326.00M241.00M116.00M139.00M
Free Cash Flow-101.00M227.00M71.00M175.00M277.00M273.00M247.00M199.00M63.00M-250.00M145.00M88.00M28.00M143.00M275.00M475.00M337.00M255.00M338.00M64.00M416.00M446.00M638.00M539.00M
Dividends Paid--8.00M926.00M74.00M79.00M42.00M--------84.00M925.00M94.00M344.00M265.00M318.00M340.00M361.00M383.00M
FCF to OCF776.92%81.65%82.56%85.37%90.23%90.40%81.25%83.97%42.00%125.63%69.38%55.35%21.54%64.41%80.41%88.79%79.29%63.75%73.00%10.03%56.06%64.92%84.62%79.50%
Dividend Paid to FCF--11.27%529.14%26.71%28.94%17.00%--------17.68%274.48%36.86%101.78%414.06%76.44%76.23%56.58%71.06%

Earnings

Report DateJun 30, 2010Sep 30, 2010Dec 31, 2010Mar 31, 2011May 13, 2019Aug 8, 2019Nov 27, 2019Jan 31, 2020May 7, 2020Aug 4, 2020Nov 23, 2020Feb 1, 2021May 4, 2021Aug 3, 2021Nov 15, 2021Feb 8, 2022May 10, 2022Aug 9, 2022Nov 22, 2022Feb 9, 2023May 9, 2023Aug 8, 2023Nov 16, 2023Feb 7, 2024May 9, 2024Aug 7, 2024Nov 21, 2024Feb 6, 2025May 8, 2025Aug 7, 2025Nov 20, 2025Feb 5, 2026May 7, 2026Aug 5, 2026Nov 19, 2026
EPS Estimate-0.37-0.13-0.19-0.280.000.000.000.00-0.150.050.040.190.150.150.150.280.220.200.120.280.210.220.270.430.240.280.310.330.280.270.330.400.290.380.38
EPS Actual-0.37-0.31-0.12-0.250.130.030.180.24-0.150.040.040.190.270.240.120.430.220.280.320.210.220.280.340.320.370.370.310.540.12-0.030.510.430.430.51-
Surprise0.00%-138.46%36.84%10.71%----0.00%-20.00%0.00%0.00%80.00%60.00%-20.00%53.57%0.00%40.00%166.67%-25.00%4.76%27.27%25.93%-25.58%54.17%32.14%0.00%63.64%-57.14%-111.11%54.55%7.50%48.28%34.21%-
Timing------After-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap14.44B
Enterprise Value18.51B
Trailing P/E22.09
Forward P/E13.09
PEG Ratio0.49
Price / Sales1.98
Price / Book16.64
EPS1.25
Book Value1.63
Revenue (TTM)7.30B
Gross Profit (TTM)3.34B
EBITDA1.67B
Profit Margin9.20%
Operating Margin16.74%
Return on Equity70.07%
Return on Assets7.65%
Shares Outstanding147.73M
Shares Float146.06M
Beta1.30
Dividend Yield2.90%
Dividend Rate0.80
Payout Ratio40.96%

Analyst Ratings

Buy
Based on 19 analystsTarget 37.75
  • Strong Buy
    9
  • Buy
    2
  • Hold
    6
  • Sell
    1
  • Strong Sell
    1

Ownership Breakdown

Institutions
111.19%
Insiders
1.05%
Retail / Other
0.00%

Top Institutional Holders

  • JPMorgan Chase & Co
    13.71M2.62%
  • Independent Franchise Partners LLP
    13.00M2.48%
  • Darsana Capital Partners LP
    11.94M2.28%
  • BlackRock Inc
    9.66M1.85%
  • Barrow Hanley Mewhinney & Strauss LLC
    8.91M1.70%
  • Darlington Partners Capital Management, LP
    6.71M1.28%
  • Vanguard Capital Management, LLC
    6.24M1.19%
  • Vanguard Portfolio Management, LLC
    5.89M1.13%
  • Fidelity International Ltd
    5.87M1.12%
  • Cooke & Bieler LP
    4.62M0.88%
  • Thrivent Financial For Lutherans
    3.64M0.70%
  • State Street Corp
    2.66M0.51%
  • AQR Capital Management LLC
    2.54M0.49%
  • Westwood Holdings Group Inc
    2.54M0.49%
  • Point72 Asset Management, L.P.
    2.49M0.48%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    5.12M0.98%
  • Vanguard MStar Total Stk Mkt Idx Invest
    4.41M0.84%
  • Fidelity Global Technology A-Dis-EUR
    4.17M0.80%
  • Bridge Builder Large Cap Value
    3.76M0.72%
  • Vanguard Small Cap Index
    3.20M0.61%

Dividends

20263×
0.20Aug 20, 20260.19May 26, 20260.19Feb 18, 2026
20254×
0.19Nov 19, 20250.19Aug 20, 20250.18May 27, 20250.18Feb 24, 2025
20244×
0.18Nov 19, 20240.18Aug 27, 20240.17May 22, 20240.17Feb 21, 2024
20234×
0.17Nov 20, 20230.17Aug 23, 20230.16May 22, 20230.16Feb 17, 2023
20224×
0.16Nov 21, 20220.16Aug 23, 20220.15May 20, 20220.15Feb 17, 2022
20214×
0.15Nov 22, 20210.15Aug 24, 20210.12May 21, 20210.12Feb 19, 2021
20201×
0.12Nov 23, 2020