Logo
  • Home
  • AI Agent
  • Annotations
  • Watchlists
  • Files
  • Pricing and plans
  • BlogAboutContact us
    APIMCP
    Terms of servicePrivacy policy
  • Get the full experience

    We save the real magic for signed-in users.

Logo
WMG US​

Warner Music Group Corp. Class A(WMG US)

$30.86-0.832.62%Ext:$26.40-4.4614.45%(Market Closed · 23:56:30 UTC)

Overview

Profile

Financials & Metrics

FinancialsChartingShort InterestEmployees

Warner Music Group Corp. Class A — Company Profile

Warner Music Group Corp. (WMG), established in 1929 and based in New York City, functions as a prominent global entertainment enterprise primarily focused on music. Its operations span the United States, the United Kingdom, Germany, and numerous other international markets. The company's activities are organized into two distinct divisions: Recorded Music and Music Publishing. The Recorded Music division is dedicated to identifying and cultivating emerging musical talent. It handles the subsequent marketing, promotional campaigns, distribution logistics, sales, and licensing of the recordings produced by these artists. This segment also actively markets its vast catalog of existing music, issuing compilations, re-releases of classic tracks and videos, and previously unreleased material. Its operations are chiefly conducted through a diverse portfolio of renowned record labels, including but not limited to Warner Records, Atlantic Records, Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. Music and video products are distributed and sold by this division to a wide array of channels, encompassing direct retailers, wholesale distributors, independent labels, various distribution centers and joint ventures, physical retail locations, online stores, streaming platforms, and digital download services. The Music Publishing division is responsible for owning and acquiring the intellectual property rights to approximately one million musical compositions. This extensive collection includes iconic pop hits, American classics, folk melodies, and scores for motion pictures and theatrical productions. Its comprehensive catalog represents the work of roughly 100,000 songwriters and composers, covering an expansive spectrum of musical styles such as pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. Furthermore, this segment provides administrative services for the musical scores and soundtracks associated with various external television and film production companies and studios.

Sector
Communication Services
Industry
Entertainment
Exchange
UQ
CEO
Robert Kyncl
Headquarters
New York City, NY, US
IPO Date
Jun 3, 2020
Employees
5,500
Website
www.wmg.com

Key Metrics

Price
$26.82
Market Cap
$14.00B
Revenue (TTM)
$1.73B
Net Income (TTM)
$183.00M
EPS (TTM)
0.35
P/E (TTM)
30.96
P/B (TTM)
18.96
Dividend Yield
2.20%
ROE (TTM)
24.80%
ROA (TTM)
1.72%
Operating Margin
15.59%
Beta
0.44

Dividends

Last Dividend
$0.19
Last Yield
0.02%

Summary

Warner Music Group Corp. (WMG), established in 1929 and based in New York City, functions as a prominent global entertainment enterprise primarily focused on music. Its operations span the United States, the United Kingdom, Germany, and numerous other international markets. The company's activities are organized into two distinct divisions: Recorded Music and Music Publishing. The Recorded Music division is dedicated to identifying and cultivating emerging musical talent. It handles the subsequent marketing, promotional campaigns, distribution logistics, sales, and licensing of the recordings produced by these artists. This segment also actively markets its vast catalog of existing music, issuing compilations, re-releases of classic tracks and videos, and previously unreleased material. Its operations are chiefly conducted through a diverse portfolio of renowned record labels, including but not limited to Warner Records, Atlantic Records, Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. Music and video products are distributed and sold by this division to a wide array of channels, encompassing direct retailers, wholesale distributors, independent labels, various distribution centers and joint ventures, physical retail locations, online stores, streaming platforms, and digital download services. The Music Publishing division is responsible for owning and acquiring the intellectual property rights to approximately one million musical compositions. This extensive collection includes iconic pop hits, American classics, folk melodies, and scores for motion pictures and theatrical productions. Its comprehensive catalog represents the work of roughly 100,000 songwriters and composers, covering an expansive spectrum of musical styles such as pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. Furthermore, this segment provides administrative services for the musical scores and soundtracks associated with various external television and film production companies and studios.

Website
www.wmg.com
Location
New York City, NY, US
Phone212 275 2000
Employees5,500
CEORobert Kyncl
Sector
Communication Services
Industry
Entertainment
IPO DateJun 3, 2020

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.

Latest Documents

News

  • Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, November 19, 202621 Oct
  • Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, November 19, 202621 Oct
  • Warner Music Group (WMG) Moves 6.2% Higher: Will This Strength Last?16 Oct
  • Warner Music Group Corp. (NASDAQ:WMG) Stock Has Consensus Price Target of $38.27 According to Brokerages16 Oct
  • As AI Turns Media on Its Head, the Curators Win30 Sep
  • Warner Music Group Corp. (NASDAQ:WMG) Given Consensus Recommendation of “Moderate Buy” by Brokerages21 Sep
  • Suno releases new AI music models in partnership with Warner Music, BMG9 Sep
  • Sony, Warner Music sue Anthropic over songs used in AI training31 Aug
  • Dividend Champion, Contender, And Challenger Highlights: Week August 1614 Aug
  • Assenagon Asset Management S.A. Buys Shares of 266,620 Warner Music Group Corp. $WMG12 Aug
  • Warner Music Q3: A High-Quality Compounder At A Much Better Price7 Aug
  • Here's What Key Metrics Tell Us About Warner Music Group (WMG) Q3 Earnings6 Aug
  • Warner Music Group Q3 Earnings Call Highlights6 Aug
  • Warner Music Group Q3 Earnings Call Highlights6 Aug
  • Warner Music Group Corp. (WMG) Q3 2026 Earnings Call Transcript5 Aug
  • Warner Music Group Corp. Reports Results for Fiscal Third Quarter Ended June 30, 20265 Aug
  • Warner Music Group Corp. to Conduct Earnings Conference Call on Wednesday, August 5, 20263 Aug
  • Warner Music Group reshuffles leadership as CFO exits31 Jul
  • Warner Music Group Corp (WMG) Stock Down 5.6% -- Now Undervalued? GF Score: 76/10030 Jul
  • Fifth Third Bancorp Buys 34,578 Shares of Warner Music Group Corp. $WMG27 Jul

Key Stats

Trading

Px/Chg 1D$26.82 / -0.85%
Avg Volume2.40M
Beta0.44
Mkt Cap14.00B
FD Mkt Cap14.63B

Float

Shrs Out/Float521.85M / 511.29M
Short Float0.02%
Days to Cover5.15
Stock Repurchased$22.00M

Current Valuation

EV18.43B
EV/EBITDA14.69
EV/Sales2.59
P/B18.96
P/S1.96
FCF Yield0.76%
ROE24.80%
ROA1.72%
Current Ratio0.73

Dividend

Cash$0.19
Yield2.20%
Yield (TTM)2.20%

Estimates

P/E30.96
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgFeb '23Feb '24Feb '25Feb '26Oct '26
PRICE-BASED RATIOS
Price / Earnings66.2034.5843.4038.19138.3376.48
Price / Sales5.013.223.092.598.078.08
Price / Book Value52.10125.3760.7932.0723.3018.96
Price / Free Cash Flow63.7645.8141.8526.0474.28130.80
ENTERPRISE VALUE METRICS
Enterprise Value20,592.822,501.322,405.920,362.519,264.318,430.0
Enterprise Value / Sales6.333.803.713.1710.3110.64
Enterprise Value / EBITDA32.2518.6920.7118.7056.8346.31
Enterprise Value / EBIT54.8826.0129.8726.72129.2962.47

Financials

Full Financials
Millions USD5Yr CAGR (%)Sep '21Sep '22Sep '23Sep '24Sep '25
INCOME STATEMENT
Revenue6.1%5,301.05,919.06,037.06,426.06,707.0
Gross Income4.7%2,559.02,839.02,860.03,071.03,075.0
EBITDA6%884.01,204.01,082.01,089.01,114.0
EBIT3.1%578.0865.0750.0762.0652.0
Net Income4.7%304.0551.0430.0435.0365.0
EPS (Diluted)4.8%0.581.060.820.840.70
BALANCE SHEET
Cash & ST Inv1.6%499.0584.0641.0694.0532.0
Total Assets8.1%7,211.07,828.08,545.09,155.09,829.0
Total Liabilities6.1%7,165.07,660.08,115.08,480.09,072.0
Total Shareholder Equity113.7%31.0152.0307.0518.0647.0
CASH FLOW
Net Operating Cash Flow1.5%638.0742.0687.0754.0678.0
Cap Ex-29.9%-574.0-326.0-241.0-116.0-139.0
Free Cash Flow70.4%64.0416.0446.0638.0539.0

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)30.84
Basic Shares521.85
Market Cap16,093.1
Diluted Shares519.05
Fully Diluted Shares Outstanding519.05
Fully Diluted Market Cap16,006.6
+Consolidated Debt4,941.0
−In-the-Money Convertible Debt—
+Capital Leases222.0
+Operating Leases—
−Cash & Equivalents-741.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest234.0
+Pension Liabilities—
Enterprise Value20,527.1

Segment data

Revenue

by Products and services

  • Recorded Music81%
  • Music Publishing19%

Revenue

by Geography

  • United States43%
  • All Other Countries37%
  • United Kingdom13%
  • Germany8%

Related companies

Universal Music Group N.V./ADR

UNVGY US

TKO Group Holdings, Inc.

TKO US

Madison Square Garden Sports Corp.

MSGS US

DraftKings Inc.

DKNG US

Vail Resorts Inc

MTN US

HYBE Co., Ltd.

352820 KP

Beijing Enlight Media Co., Ltd.

300251 CS

Shanghai Oriental Pearl Group Co., Ltd.

600637 CG

Toei Animation Co.,ltd.

TOEAF US

Banijay Group N.V.

BNJ NA

China Film Co.,Ltd.

600977 CG

China Ruyi Holdings Limited

136 HK