Communication Services -
Entertainment - NASDAQ - US
$ 28.9
-1.97 %
$ 15 B
Market Cap
29.49
P/E
1. INTRINSIC VALUE
Balance Sheet
Warner Music Group Corp.
| Current Assets | 2.64 B |
| Cash & Short-Term Investments | 694 M |
| Receivables | 1.26 B |
| Other Current Assets | 694 M |
| Non-Current Assets | 6.51 B |
| Long-Term Investments | 0 |
| PP&E | 706 M |
| Other Non-Current Assets | 5.81 B |
| Current Liabilities | 3.9 B |
| Accounts Payable | 289 M |
| Short-Term Debt | 45 M |
| Other Current Liabilities | 3.56 B |
| Non-Current Liabilities | 4.58 B |
| Long-Term Debt | 4.24 B |
| Other Non-Current Liabilities | 341 M |
EFFICIENCY
Earnings Waterfall
Warner Music Group Corp.
| Revenue | 6.43 B |
| Cost Of Revenue | 3.36 B |
| Gross Profit | 3.07 B |
| Operating Expenses | 2.25 B |
| Operating Income | 823 M |
| Other Expenses | 345 M |
| Net Income | 478 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Warner Music Group Corp.
| Net Income | 478 M |
| Depreciation & Amortization | 327 M |
| Capital Expenditures | -116 M |
| Stock-Based Compensation | 52 M |
| Change in Working Capital | -101 M |
| Others | -61 M |
| Free Cash Flow | 638 M |
Wall Street Analysts Price Targets
Warner Music Group Corp.
Wall Street analysts predict an average 1-year price target for WMG of $35 , with forecasts ranging from
a
low of
$30 to a high of $44 .
WMG Lowest Price Target
Wall Street Target
30 USD
3.81%
WMG Average Price Target
Wall Street Target
35 USD
21.11%
WMG Highest Price Target
Wall Street Target
44 USD
52.25%
4. DIVIDEND
ANALYSIS
0.21%
DIVIDEND YIELD
0.18 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Warner Music Group Corp.
Sold
0-3 MONTHS
1.29 M USD 3
3-6 MONTHS
1.08 M USD 1
6-9 MONTHS
26.2 M USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
WARNER MUSIC GROUP AND JOSH GROBAN HONORED AT HARMONY PROGRAM GALA
Annual event raises funds to advance the organization's efforts to bring music education into under-served communities NEW YORK , April 3, 2025 /PRNewswire/ -- Last night, longtime Harmony Program supporter Warner Music Group (NASDAQ: WMG) and Grammy-nominated artist and philanthropist Josh Groban were honored at the organization's annual gala held at The Altman Building in Flatiron. Hosted by CBS Mornings Plus' Adriana Diaz, the festive evening celebrated the Harmony Program's momentous efforts and raised nearly $800,000 to advance their mission to bring music education into under-served communities across New York City.
prnewswire.com
- 2 weeks ago
Warner Music Group Corp. Announces Quarterly Cash Dividend
NEW YORK, Feb. 14, 2025 (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 $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on March 4, 2025, to stockholders of record as of the close of business on February 24, 2025.
globenewswire.com
- 2 months ago
Warner Music Group Corp. (WMG) Q1 2025 Earnings Call Transcript
Warner Music Group Corp. (NASDAQ:WMG ) Q1 2025 Earnings Conference Call February 6, 2025 8:30 AM ET Company Participants Kareem Chin - Head, Investor Relations Robert Kyncl - Chief Executive Officer Bryan Castellani - Chief Financial Officer Conference Call Participants Benjamin Swinburne - Morgan Stanley Michael Morris - Guggenheim Securities LLC Benjamin Black - Deutsche Bank Kannan Venkateswar - Barclays Rich Greenfield - LightShed Partners Kutgun Maral - Evercore ISI Batya Levi - UBS Stephen Laszczyk - Goldman Sachs Jessica Reif Ehrlich - Bank of America Securities Operator Welcome to Warner Music Group's First Quarter Earnings Call for the period ended December 31, 2024. 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.
seekingalpha.com
- 2 months ago
Spotify, Warner Music Group sign new deal to help deliver ‘further paid subscription tiers'
Spotify and Warner Music Group (WMG) have unveiled a new multi-year agreement that covers both recorded music and music publishing, the companies announced on Thursday. WMG owns labels behind popular artists like Dua Lipa, Coldplay, and Ed Sheeran.
techcrunch.com
- 2 months ago
Warner Music Group Corp. (WMG) Surpasses Q1 Earnings and Revenue Estimates
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.30 per share a year ago.
zacks.com
- 2 months ago
Spotify, Warner Music Group sign new multi-year distribution deal
Spotify and Warner Music Group , which owns labels behind artists such as Ed Sheeran and Dua Lipa, signed a new multi-year deal for recording and publishing music, the companies said on Thursday.
reuters.com
- 2 months ago
Warner Music Group Corp. Reports Results for Fiscal First Quarter Ended December 31, 2024
Financial Highlights Warner Music Group and Spotify Today Announced New, Multi-Year Agreement, Covering Both Recorded Music and Music Publishing Music Publishing Delivers Continued Growth Led by Strength in Performance and Digital Operating Cash Flow Growth of 13% with Conversion of 91% Reaffirming Full-Year Recorded Music Subscription Streaming Revenue and Operating Cash Flow Conversion Guidance Tempo Music Investment Demonstrates Disciplined M&A Strategy Focused on Accretive Opportunities For the three months ended December 31, 2024 Total revenue decreased 5% , or 4% in constant currency Net incom e increased 25% to $241 million versus $193 million in the prior-ye ar quar ter Operating income decreased 40% to $214 million versus $354 million in the prior-year quarter Adjusted OIBDA decreased 20% to $363 million , versus $451 million in the prior-year quarter, or 18% in constant currency Cash provided by operating activities increased to $332 million , versus $293 million in the prior-year quarter NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its first-quarter financial results for the period ended December 31, 2024. Robert Kyncl, CEO of Warner Music Group said: “This quarter, we saw success with new stars, global superstars, longtime legends, and irreplaceable catalog.
globenewswire.com
- 2 months ago
WARNER MUSIC GROUP AND SPOTIFY ANNOUNCE NEW MULTI-YEAR AGREEMENT TO FUEL GROWTH AND INNOVATION
NEW YORK , Feb. 6, 2025 /PRNewswire/ -- Spotify and Warner Music Group (NASDAQ: WMG) today announced a new, multi-year agreement, which covers both Recorded Music and Music Publishing. Through the deal, the two companies strengthen their joint commitment to artists, songwriters, and fans, as well as the growth of the music ecosystem through innovative collaboration.
prnewswire.com
- 2 months ago
WARNER MUSIC GROUP ACQUIRES CONTROLLING STAKE IN TEMPO MUSIC
Catalog includes rights in songs recorded by Bruno Mars, Twenty One Pilots, Adele, Wiz Khalifa, Florida Georgia Line, and Lukas Graham Providence Equity Partners to Remain a Minority Investor NEW YORK , Feb. 6, 2025 /PRNewswire/ -- Warner Music Group Corp. ("Warner Music Group" or "WMG") today announced that it has acquired a controlling stake in Tempo Music Investments ("Tempo"), an investment platform for premium music rights, from Providence Equity Partners ("Providence"). Providence will remain a minority investor in Tempo and continue to work with WMG in an advisory capacity.
prnewswire.com
- 2 months ago
The Best Communication Services Stocks to Buy
Communication services stocks represent a diverse segment of the market that includes media companies, internet giants and telecoms. Here's how to find the best ones.
kiplinger.com
- 2 months ago
Warner Music Group Corp. (WMG) Reports Next Week: Wall Street Expects Earnings Growth
Warner Music Group (WMG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 2 months ago
Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, February 6, 2025
NEW YORK, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, February 6, 2025, for the first quarter ended December 31, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET.
globenewswire.com
- 3 months ago
8. Profile
Summary
Warner Music Group Corp. WMG
COUNTRY
US
INDUSTRY
Entertainment
MARKET CAP
$ 15 B
Dividend Yield
0.21%
Description
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company 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 100,000 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.
Contact
1633 Broadway, New York, NY, 10019
https://www.wmg.com
IPO
Date
June 3, 2020
Employees
5800
Officers
Trent N. Tappe Esq.
Senior Vice President, Deputy General Counsel, Chief Compliance Officer & Secretary
Mr. Ariel Bardin
President of Technology
Mr. Paul Martin Robinson Esq., J.D.
Executive Vice President & General Counsel
Mr. Timothy Matusch
Executive Vice President of Strategy & Operations
Mr. Kareem Chin
Senior Vice President & Head of Investor Relations
Mr. Bryan Castellani
Executive Vice President & Chief Financial Officer
Mr. Robert Kyncl
President, Chief Executive Officer & Director
Mr. James Steven
Executive Vice President & Chief Communications Officer
Mr. Guy Moot
Co-Chair & Chief Executive Officer of Warner Chappell Music
Ms. Carianne Marshall
Co-Chair & Chief Operating Officer of Warner Chappell Music