Warner Music Group Corp. (WMG)

NASDAQ: WMG · IEX Real-Time Price · USD
36.49
+0.04 (0.11%)
Feb 1, 2023, 11:05 AM EST - Market open
0.11%
Market Cap 18.83B
Revenue (ttm) 5.92B
Net Income (ttm) 551.00M
Shares Out 515.94M
EPS (ttm) 1.06
PE Ratio 34.39
Forward PE 32.26
Dividend $0.62 (1.70%)
Ex-Dividend Date Nov 21, 2022
Volume 261,478
Open 36.26
Previous Close 36.45
Day's Range 36.07 - 36.74
52-Week Range 21.57 - 44.64
Beta 1.58
Analysts Buy
Price Target 38.31 (+4.99%)
Earnings Date Feb 9, 2023

About WMG

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 pr... [Read more]

Industry Entertainment
IPO Date Jun 3, 2020
Employees 6,200
Stock Exchange NASDAQ
Ticker Symbol WMG
Full Company Profile

Financial Performance

In 2022, WMG's revenue was $5.92 billion, an increase of 11.66% compared to the previous year's $5.30 billion. Earnings were $551.00 million, an increase of 81.25%.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for WMG stock is "Buy." The 12-month stock price forecast is $38.31, which is an increase of 4.99% from the latest price.

Price Target
$38.31
(4.99% upside)
Analyst Consensus: Buy
Stock Forecasts

News

WARNER MUSIC GROUP ANNOUNCES THE LAUNCH OF RHYTHM CITY, ITS FIRST PERSISTENT MUSIC EXPERIENCE ON ROBLOX

Rhythm City to introduce users to artists and music through social roleplay, virtual concerts, and mini-music challenges NEW YORK , Jan. 30, 2023 /PRNewswire/ -- Warner Music Group (NASDAQ: WMG), the ...

2 days ago - PRNewsWire

WARNER MUSIC GROUP RELEASES 2022 ANNUAL ESG REPORT

2022 report reaffirms commitment to ESG, including through new targets onPeople, Workplace, and DEI agendas, and the announcement of a partnership for more sustainable records NEW YORK , Jan. 26, 2023...

5 days ago - PRNewsWire

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating Warner Music Group Corp. for Potential Breaches of Fiduciary Duty By Its Board of Directors

NEW YORK , Jan. 23, 2023 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim...

1 week ago - PRNewsWire

WARNER MUSIC'S GLOBAL CATALOG DIVISION AND YES ANNOUNCE MILESTONE DEAL

Warner Acquires Recorded Music Rights to YES' Complete Atlantic Records Catalog Rock & Roll Hall of Famers Remain One of the Most Respected and Influential Bands of All Time, With More Than 30 Million...

1 week ago - PRNewsWire

Warner Music Group Corp. To Conduct Earnings Conference Call on Thursday, February 9, 2023

NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, February 9, 2023, for the first quarter ended December 31, 2022, and will hold an e...

2 weeks ago - GlobeNewsWire

INVESTIGATION ALERT REMINDER: Scott+Scott Attorneys at Law LLP Investigates Warner Music Group Corp.'s Directors and Officers for Breach of Fiduciary Duties – WMG

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, reminds investors of its continued investigation whether...

3 weeks ago - Business Wire

Warner Music Group Corp. (WMG)'s Technical Outlook is Bright After Key Golden Cross

Good things could be on the horizon when a stock experiences a golden cross event. How should investors react?

1 month ago - Zacks Investment Research

WARNER MUSIC GROUP ANNOUNCES PARTNERSHIP WITH, AND INVESTMENT IN LEADING DIGITAL FASHION COMPANY, DRESSX

Collaboration Will Enable Fans to Wear Digital Fashion Lines Designed by WMG's Roster of Artists NEW YORK , Dec. 15, 2022 /PRNewswire/ -- Warner Music Group (Nasdaq: WMG) today announced a partnership...

1 month ago - PRNewsWire

INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Warner Music Group Corp.'s Directors and Officers for Breach of Fiduciary Duties – WMG

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers ...

1 month ago - Business Wire

WMX Inks Deal to Bring New FAST Channel Offering Exclusively to The Roku Channel

WMX Pop, WMX Rock, and WMX Hip-Hop are now available exclusively on The Roku Channel Content including music videos, concerts, and WMX original programming to be featured on the all-new FAST channels ...

2 months ago - PRNewsWire

Warner Music (WMG) Q4 Earnings Top Estimates, Revenues Up Y/Y

Warner Music's (WMG) fourth-quarter fiscal 2022 results benefit from robust growth across emerging streaming platforms.

2 months ago - Zacks Investment Research

Warner Music Group Corp. (WMG) Q4 Earnings and Revenues Top Estimates

Warner Music Group Corp. (WMG) delivered earnings and revenue surprises of 115.38% and 6.91%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the s...

2 months ago - Zacks Investment Research

Warner Music delivers earnings beat, despite 'challenging macro environment'

Warner Music Group Corp. WMG, -0.88% delivered a top and bottom line beat when it reported its fourth-quarter results early Tuesday. The media giant's stock rose 4% before opening bell.

2 months ago - Market Watch

WMX President Danielle Lee On Warner Music's Big Bet On Artist And Fan Experiences

In 2021, Warner Music launched WMX with hopes of expanding artists' brands beyond their music and connecting them with fans. A year later, WMX President Danielle Lee says the division has created a ne...

2 months ago - Forbes

Warner Music Group Corp. (WMG) Reports Next Week: Wall Street Expects Earnings Growth

Warner Music Group Corp. (WMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Warner Music Group Corp. Announces Quarterly Cash Dividend

NEW YORK, Nov. 10, 2022 (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 $ 0.16 pe...

2 months ago - GlobeNewsWire

The Market Is Suddenly All Ears on Warner Music Group

It's been a rocky Nasdaq debut for Warner Music Group, but the band of buyers may be getting back together to send growth to higher decibels in 2023.

3 months ago - MarketBeat

Warner Music Group Corp. to Conduct Earnings Conference Call on Tuesday, November 22, 2022

NEW YORK, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Tuesday, November 22, 2022, for the fourth quarter and fiscal year ended September 30, 2022, ...

3 months ago - GlobeNewsWire

Warner Music names former YouTube, Netflix executive Robert Kyncl as CEO

Warner Music Group on Wednesday named Robert Kyncl as its chief executive officer, handing the reins to the outgoing YouTube business head as the record label looks to diversify its revenue streams.

4 months ago - New York Post

Warner Music Taps YouTube Business Chief as Next CEO

Robert Kyncl will succeed Steve Cooper in early 2023. The appointment signals the growing importance of technology in the music industry.

4 months ago - Barrons

YouTube Exec Robert Kyncl Named CEO Of Warner Music Group

Robert Kyncl, a 12-year veteran of YouTube's senior executive team, will become CEO of Warner Music Group on January 1. Kyncl, who is currently chief business officer at YouTube, will become Co-CEO of...

4 months ago - Deadline

Warner Music names YouTube business head Kyncl as CEO

Warner Music Group Corp on Wednesday named Robert Kyncl as its chief executive officer, handing the reins to the outgoing YouTube business head as the record label looks to diversify its revenue strea...

4 months ago - Reuters

Robert Kyncl Named CEO of Warner Music Group Starting January 1, 2023

Entrepreneurial Leader and Creator Economy Pioneer Joining from YouTube

4 months ago - GlobeNewsWire

Warner Music Group Corp. to Participate in the Goldman Sachs Communacopia + Technology Conference

NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that Steve Cooper, Chief Executive Officer, will participate in a question and ans...

5 months ago - GlobeNewsWire