Warner Music Group Corp. (WMG)
| Market Cap | 16.14B |
| Revenue (ttm) | 6.43B |
| Net Income (ttm) | 429.00M |
| Shares Out | 517.99M |
| EPS (ttm) | 0.83 |
| PE Ratio | 37.59 |
| Forward PE | 21.26 |
| Dividend | $0.70 (2.25%) |
| Ex-Dividend Date | Nov 19, 2024 |
| Volume | 3,136,264 |
| Open | 30.64 |
| Previous Close | 30.73 |
| Day's Range | 30.55 - 31.30 |
| 52-Week Range | 27.06 - 38.05 |
| Beta | 1.35 |
| Analysts | Buy |
| Price Target | 35.43 (+13.7%) |
| Earnings Date | Feb 5, 2025 |
About WMG
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 ... [Read more]
Financial Performance
In 2024, Warner Music Group's revenue was $6.43 billion, an increase of 6.44% compared to the previous year's $6.04 billion. Earnings were $429.00 million, an increase of 1.18%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for WMG stock is "Buy." The 12-month stock price forecast is $35.43, which is an increase of 13.70% from the latest price.
News
The Latin GRAMMY Cultural Foundation® Announces the 2025 Warner Music Latina Scholarship
MIAMI--(BUSINESS WIRE)--The Latin GRAMMY Cultural Foundation announces 2025 Warner Latina Scholarship. Additional aid available to students with financial limitations.
Warner Music Group names Australasia president Rosen as regional publishing head
Warner Music Group said on Monday its Australasia president Dan Rosen would take on the additional role of the president of its music publishing arm, Warner Chappell Music, in the region.
Downgrading Warner Music Group As Spotify And Live Nation Strike A Chord
Warner Music Group's Q4 earnings report failed to impress, leading to a significant stock drop and highlighting concerns about its competitive position in the music industry. Despite solid revenue gro...
These Analysts Cut Their Forecasts On Warner Music Following Q4 Earnings
Warner Music Group Corp WMG reported downbeat fiscal fourth-quarter 2024 earnings on Thursday.
Warner Music Group Corp. (WMG) Q4 2024 Earnings Call Transcript
Warner Music Group Corp. (NASDAQ:WMG) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Kareem Chin - Head, Investor Relations Robert Kyncl - Chief Executive Officer ...
Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2024
Financial Highlights Full-Year Results Reflect Healthy Performance Across Recorded Music and Music Publishing Continued Strong Growth in Subscription Streaming Underpinned by Healthy Macro Trends Musi...
Warner Music Group Corp. Announces Quarterly Cash Dividend
NEW YORK, Nov. 08, 2024 (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...
M&A will have big uptick in Trump administration, says Warner Music Group chair Michael Lynton
Michael Lynton, Warner Music Group and Snap chair, joins CNBC's 'Squawk on the Street' to discuss how a Trump administration may impact business, expectations for M&A activity, and more.
Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, November 21, 2024
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, November 21, 2024, for the fourth quarter and fiscal year ended September 30, 2024...
Warner Music Hit By Streaming Volatility And Execution Risks: Analyst
BofA Securities analyst Jessica Reif Ehrlich downgraded Warner Music Group Corp WMG from Neutral to Underperform and lowered the price target from $33 to $30.
ATLANTIC MUSIC GROUP BEGINS NEW ERA
Focus on cultural impact and creative expertise New leadership empowered at Atlantic, 300 Entertainment, and 10K Projects Key moves include promotions of Lanre Gaba and Erica Bellarosa, appointment of...
Warner Music Expands Layoffs in Restructuring Push
Warner Music Group (WMG) said it is going to expand its planned layoffs as part of an updated restructuring plan aimed at freeing up cash to boost its core music operations.
Warner Music slashing 750 jobs — or 13% of workforce — in major restructuring
In February, Warner Music, home to artists such as Dua Lipa and Teddy Swims, said that it would cut 600 employees - about 10% of its workforce.
Warner Music Increases Layoff Plans
The entertainment conglomerate now expects to cut its workforce by 13%, or about 750 employees—up from a 10% reduction.
Warner Music to cut additional 150 jobs in restructuring push
Warner Music Group said on Thursday it would lay off about 150 employees, in addition to its earlier job cuts this year, totaling to about 13% of its workforce as part of a revised strategic restructu...
Warner Music Group Corp. (WMG) Q3 2024 Earnings Call Transcript
Warner Music Group Corp. (WMG) Q3 2024 Earnings Call Transcript
Warner Music Group Corp. Reports Results for Fiscal Third Quarter Ended June 30, 2024
Financial Highlights Strong Recorded Music Subscription Streaming Growth Underpinned by a Robust Slate and Healthy Industry Trends Continued Momentum in Music Publishing Led by Strength in Digital and...
Warner Music's stock gains after profit beat offsets small revenue miss
Warner Music Group Corp.'s stock WMG, +1.88% rose 0.9% premarket Wednesday, after the company beat profit estimates for the second quarter, offsetting a small revenue miss. The company had net income ...
Warner Music Group Shakes Up Executive Ranks, CEO Recorded Music Max Lousada Steps Down
The Warner Music Group will see CEO of Recorded Music Max Lousada step down at the end of September, the company announced today. Lousada has run the recorded music operation for eight years, and will...
Warner Music's recorded music operations chief to step down
Warner Music Group's chief of recorded music operations Max Lousada will step down, the record label conglomerate behind artists such as Radiohead, AC/DC and Madonna, said on Thursday.
WARNER MUSIC GROUP ANNOUNCES REORGANIZATION OF RECORDED MUSIC OPERATIONS
After Two Highly Successful Decades at WMG, Max Lousada Announces Decision to Step Down at End of Fiscal Year Creative Regional Leadership to Be Elevated Through Flatter Structure; Greater Impact Thro...
Warner Music Group Corp. to Conduct Earnings Conference Call on Wednesday, August 7, 2024
NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Wednesday, August 7, 2024, for the third quarter ended June 30, 2024, instead of the previous...
Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, August 8, 2024
NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, August 8, 2024, for the third quarter ended June 30, 2024, and will hold an earning...
Warner Music Group Poised To Shed Its Laggard Status
WMG stock underperformed, down 7% since last post, while SPOT surged 306%. WMG's relative valuation remains low, potential for higher valuation on strong revenue and earnings growth. WMG's 2023 financ...
Universal or Warner: Which music stock is the one to own?
On today's segment of Good Buy or Goodbye, host Julie Hyman is joined by BD8 Capital Partners CEO and CIO Barbara Doran to discuss her top stock pick within the music industry. Doran recommends Univer...