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Warner Music Group

Communication Services US WMG

26.81USD
-0.7(2.54%)

Last update at 2026-03-10T20:00:00Z

Day Range

26.7327.52
LowHigh

52 Week Range

23.4737.67
LowHigh

Fundamentals

  • Previous Close 27.51
  • Market Cap15366.51M
  • Volume1832981
  • P/E Ratio30.28
  • Dividend Yield2.23%
  • EBITDA1306.00M
  • Revenue TTM6392.00M
  • Revenue Per Share TTM12.37
  • Gross Profit TTM 2839.00M
  • Diluted EPS TTM0.98

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Income before tax 145.00M 740.00M 456.00M -447.00000M 267.00M
Minority interest -9.00000M -4.00000M -3.00000M 18.00M 20.00M
Net income 430.00M 551.00M 304.00M -470.00000M 256.00M
Selling general administrative 1826.00M 939.00M 870.00M 1434.00M 764.00M
Selling and marketing expenses - 923.00M 851.00M 735.00M 746.00M
Gross profit 13.00M 2839.00M 2559.00M 2130.00M 2074.00M
Reconciled depreciation 245.00M 339.00M 229.00M 261.00M 269.00M
Ebit 0.00000M 714.00M 609.00M -229.00000M 356.00M
Ebitda 336.00M 1128.00M 829.00M -96.00000M 624.00M
Depreciation and amortization 336.00M 414.00M 220.00M 133.00M 268.00M
Non operating income net other - 151.00M -31.00000M - -
Operating income 789.00M 714.00M 609.00M -229.00000M 356.00M
Other operating expenses - 5205.00M 4692.00M 4692.00M 4119.00M
Interest expense 130.00M 125.00M 122.00M 127.00M 142.00M
Tax provision 170.00M 185.00M 149.00M 23.00M 9.00M
Interest income - - - - 142.00M
Net interest income -141.00000M -125.00000M -122.00000M -127.00000M -142.00000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 145.00M 185.00M 149.00M 23.00M 9.00M
Total revenue 13.00M 5919.00M 5301.00M 4463.00M 4475.00M
Total operating expenses 5248.00M 2125.00M 1950.00M 2359.00M 1718.00M
Cost of revenue 3177.00M 3080.00M 2742.00M 2333.00M 2401.00M
Total other income expense net -39.00000M 26.00M -153.00000M -218.00000M -89.00000M
Discontinued operations - - - - -
Net income from continuing ops 439.00M 555.00M 307.00M -470.00000M 258.00M
Net income applicable to common shares - 551.00M 304.00M -476.00000M 256.00M
Preferred stock and other adjustments - - - - -
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Total assets 8545.00M 7828.00M 7211.00M 6410.00M 6017.00M
Intangible assets 2502.00M 2384.00M 2171.00M 1807.00M 1874.00M
Earning assets - - - - -
Other current assets 102.00M 463.00M 459.00M 275.00M 223.00M
Total liab 8115.00M 7660.00M 7165.00M 6455.00M 6286.00M
Total stockholder equity 307.00M 152.00M 31.00M -63.00000M -289.00000M
Deferred long term liab - 220.00M 207.00M - -
Other current liab 57.00M 2637.00M 2457.00M 2120.00M 286.00M
Common stock - 1.00M 1.00M 1.00M 1.00M
Capital stock 1.00M 1.00M 1.00M 1.00M 0.00000M
Retained earnings -1387.00000M -1477.00000M -1710.00000M -1749.00000M -1177.00000M
Other liab - 319.00M 382.00M 294.00M 480.00M
Good will 1993.00M 1920.00M 1830.00M 1831.00M 1761.00M
Other assets - 744.00M 682.00M 443.00M 349.00M
Cash 641.00M 584.00M 499.00M 553.00M 619.00M
Cash and equivalents - - - - -
Total current liabilities 3539.00M 3368.00M 3150.00M 2720.00M 2819.00M
Current deferred revenue - 423.00M 348.00M 297.00M 180.00M
Net debt 3323.00M 3429.00M 3177.00M 2889.00M 2355.00M
Short term debt - 40.00M 43.00M 39.00M 2093.00M
Short long term debt - - - - -
Short long term debt total - 4013.00M 3676.00M 3442.00M 2974.00M
Other stockholder equity - 1975.00M 1942.00M 1907.00M 1128.00M
Property plant equipment - 641.00M 632.00M 604.00M 300.00M
Total current assets 2402.00M 2139.00M 1896.00M 1678.00M 1691.00M
Long term investments - - - - -
Net tangible assets - -4152.00000M -3970.00000M -3701.00000M -3924.00000M
Short term investments - - - - -
Net receivables 1120.00M 984.00M 839.00M 771.00M 775.00M
Long term debt 3964.00M 3732.00M 3346.00M 3104.00M 2974.00M
Inventory 126.00M 108.00M 99.00M 79.00M 74.00M
Accounts payable 300.00M 268.00M 302.00M 264.00M 260.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 16.00M 15.00M - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - -347.00000M -202.00000M -222.00000M -240.00000M
Additional paid in capital - - - - -
Common stock total equity - 1.00M 1.00M 1.00M -
Preferred stock total equity - - - - -
Retained earnings total equity - -1477.00000M -1710.00000M - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 225.00M 715.00M 194.00M 153.00M 145.00M
Deferred long term asset charges - - - - -
Non current assets total 6143.00M 5689.00M 5315.00M 4732.00M 4326.00M
Capital lease obligations 296.00M 281.00M 330.00M 338.00M -
Long term debt total - 3732.00M 3346.00M - 2974.00M
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Investments -300.00000M -498.00000M -64.00000M -219.00000M -376.00000M
Change to liabilities - 65.00M 292.00M 82.00M -1.00000M
Total cashflows from investing activities - -824.00000M -638.00000M -219.00000M -376.00000M
Net borrowings - 535.00M 211.00M 75.00M 197.00M
Total cash from financing activities -325.00000M 188.00M -61.00000M -316.00000M 88.00M
Change to operating activities - 65.00M -142.00000M -68.00000M 14.00M
Net income 430.00M 555.00M 307.00M -470.00000M 258.00M
Change in cash 57.00M 85.00M -54.00000M -66.00000M 105.00M
Begin period cash flow 584.00M 499.00M 553.00M 619.00M 514.00M
End period cash flow 641.00M 584.00M 499.00M 553.00M 619.00M
Total cash from operating activities 687.00M 742.00M 638.00M 463.00M 400.00M
Issuance of capital stock - - - - -
Depreciation 332.00M 339.00M 306.00M 261.00M 269.00M
Other cashflows from investing activities - -700.00000M -545.00000M -638.00000M -231.00000M
Dividends paid 340.00M 318.00M 265.00M 344.00M 94.00M
Change to inventory -12.00000M -22.00000M -19.00000M -2.00000M 3.00M
Change to account receivables -113.00000M -195.00000M -58.00000M 18.00M -90.00000M
Sale purchase of stock - -6.00000M -7.00000M - -
Other cashflows from financing activities 166.00M 506.00M 1053.00M 1403.00M 499.00M
Change to netincome - -61.00000M 28.00M 657.00M -51.00000M
Capital expenditures 241.00M 326.00M 574.00M 125.00M 145.00M
Change receivables - -195.00000M -58.00000M - -
Cash flows other operating - 591.00M 15.00M - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - 106.00M -61.00000M - -
Change in working capital -119.00000M -87.00000M -81.00000M 30.00M -74.00000M
Stock based compensation 49.00M 39.00M 45.00M 608.00M 50.00M
Other non cash items 40.00M -117.00000M 34.00M 91.00M -35.00000M
Free cash flow 446.00M 416.00M 64.00M 338.00M 255.00M

Peer Comparison

Sector: Communication Services Industry: Entertainment

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
WMG
Warner Music Group		 -0.7 2.54% 26.81 30.28 25.19 2.75 37.40 3.31 17.69
NFLX
Netflix Inc		 -1.38 1.40% 96.94 44.85 36.10 7.99 13.09 8.21 12.88
DIS
Walt Disney Company		 -0.34 0.33% 101.32 70.56 19.42 1.88 1.68 2.24 16.46
UNVGY
Universal Music Group N.V		 0.09 0.89% 10.17 40.46 27.47 4.82 18.29 5.11 28.19
UMGNF
Universal Music Group N.V.		 0.29 1.43% 20.60 40.11 27.55 4.82 18.30 5.11 28.19

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Profile

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 Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. This segment 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. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 150,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.

Warner Music Group

1633 Broadway, New York, NY, United States, 10019

Key Executives

Name Title Year Born
Mr. Stephen Forbes Cooper CEO & Director 1946
Mr. Eric Joshua Levin Exec. VP & CFO 1963
Mr. Max Lousada Chief Exec. Officer of Warner Recorded Music 1973
Mr. Guy Moot Co-Chair & CEO of Warner Chappell Music 1966
Ms. Carianne Marshall Co-Chair & COO of Warner Chappell Music 1978
Mr. Kareem Chin Sr. VP & Head of Investor Relations NA
Mr. Paul Martin Robinson Esq., J.D. Exec. VP, Gen. Counsel & Sec. 1958
Trent N. Tappe Esq. Sr. VP, Deputy Gen. Counsel & Chief Compliance Officer NA
Mr. James Steven Exec. VP & Chief Communications Officer 1977
Mr. Michael Drexler VP of Digital Strategy & Corp. Devel. NA

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