Warner Music Group Corp. (WMG)

Warner Music Group Income Statement

Financials in millions USD. Fiscal year is October - September.

Year	2023	2022	2021	2020	2019
Revenue	6,037	5,919	5,301	4,463	4,475
Revenue Growth (YoY)	1.99%	11.66%	18.78%	-0.27%	11.74%
Cost of Revenue	3,177	3,080	2,742	2,333	2,401
Gross Profit	2,860	2,839	2,559	2,130	2,074
Selling, General & Admin	1,826	1,862	1,721	2,169	1,510
Other Operating Expenses	285	263	229	190	208
Operating Expenses	2,111	2,125	1,950	2,359	1,718
Operating Income	749	714	609	-229	356
Interest Expense / Income	141	125	122	127	142
Other Expense / Income	8	-147	34	96	-51
Pretax Income	600	736	453	-452	265
Income Tax	170	185	149	23	9
Net Income	430	551	304	-475	256
Net Income Growth	-21.96%	81.25%	-	-	-16.61%
Shares Outstanding (Basic)	516	515	513	505	502
Shares Outstanding (Diluted)	516	515	513	505	502
Shares Change	0.20%	0.24%	1.77%	0.50%	-0.13%
EPS (Basic)	0.82	1.06	0.58	-0.95	0.51
EPS (Diluted)	0.82	1.06	0.58	-0.95	0.51
EPS Growth	-22.64%	82.76%	-	-	-16.39%
Free Cash Flow	560	607	545	378	296
Free Cash Flow Per Share	1.09	1.18	1.06	0.75	0.59
Dividend Per Share	0.650	0.610	0.510	0.120	-
Dividend Growth	6.56%	19.61%	325.00%	-	-
Gross Margin	47.37%	47.96%	48.27%	47.73%	46.35%
Operating Margin	12.41%	12.06%	11.49%	-5.13%	7.96%
Profit Margin	7.12%	9.31%	5.73%	-10.64%	5.72%
Free Cash Flow Margin	9.28%	10.26%	10.28%	8.47%	6.61%
Effective Tax Rate	28.33%	25.14%	32.89%	-	3.40%
EBITDA	1,073	1,200	881	-64	676
EBITDA Margin	17.77%	20.27%	16.62%	-1.43%	15.11%
Depreciation & Amortization	332	339	306	261	269
EBIT	741	861	575	-325	407
EBIT Margin	12.27%	14.55%	10.85%	-7.28%	9.09%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).