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WMG

Warner Music Group Corp

WMG

33.93USD-0.14 (-0.41%)Market Closed
Watchlist

Market Summary

USD33.93-0.14
Market Closed
-0.41%

WMG Stock Price

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WMG RSI Chart

WMG Valuation

WMG Price/Sales (Trailing)

WMG Profitability

EBT Margin

10.09%

Return on Equity

100%

Return on Assets

5.03%

WMG Fundamentals

WMG Revenue

Revenue (TTM)

6.0B

Revenue Y/Y

5.95%

Revenue Q/Q

1.41%

WMG Earnings

Earnings (TTM)

430.0M

Earnings Y/Y

2.7%

Earnings Q/Q

24.59%

Price Action

Last 7 days

-1.9%

Last 30 days

4.1%

Last 90 days

3.3%

Trailing 12 Months

2.1%

How does WMG drawdown profile look like?

WMG Financial Health

Current Ratio

0.68

WMG Investor Care

Dividend Yield

1.92%

Dividend/Share (TTM)

0.65

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20235.8B5.9B6.0B0
20225.7B5.8B5.9B5.8B
20214.7B5.1B5.3B5.6B
20204.5B4.5B4.5B4.5B
20194.3B4.4B4.5B4.5B
20183.8B3.9B4.0B4.2B
20173.4B3.5B3.6B3.7B
20163.1B3.2B3.2B3.3B
20153.1B3.0B3.0B3.0B
20142.9B3.0B3.0B3.0B
20132.8B2.8B2.9B2.9B
201202.6B2.8B2.8B
20110000
2010003.0B0

Latest Insider Trading transactions for WMG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Dec 05, 2023
lousada max
sold
-28,990,100
33.36
-869,008
ceo, recorded music
Feb 28, 2023
lynton michael
acquired
255,005
31.56
8,080
-
Feb 28, 2023
hertz noreena
sold (taxes)
-45,762
31.56
-1,450
-
Feb 28, 2023
dopfner mathias
sold (taxes)
-45,762
31.56
-1,450
-
Feb 28, 2023
kreiz ynon
acquired
175,000
31.56
5,545
-
Feb 28, 2023
dopfner mathias
acquired
175,000
31.56
5,545
-
Feb 28, 2023
kurzman cecelia
acquired
175,000
31.56
5,545
-
Feb 28, 2023
dubuc nancy
acquired
175,000
31.56
5,545
-
Feb 28, 2023
hertz noreena
acquired
175,000
31.56
5,545
-
Feb 24, 2023
benet lincoln e
sold
-964,200
32.14
-30,000
-

1–10 of 50

Which funds bought or sold WMG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 07, 2023
Hudson Bay Capital Management LP
unchanged
-
531,000
3,140,000
0.01%
Dec 06, 2023
CITIGROUP INC
reduced
-1.82
72,701
473,104
-%
Dec 06, 2023
Raleigh Capital Management Inc.
new
-
318
318
-%
Dec 06, 2023
DigitalBridge Group, Inc.
added
46.26
6,508,040
15,068,200
1.74%
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-91.69
-8,379,600
931,606
-%
Nov 22, 2023
Graham Capital Management, L.P.
new
-
501,049
501,049
0.01%
Nov 21, 2023
Walleye Capital LLC
new
-
20,070,400
20,070,400
0.05%
Nov 21, 2023
COMERICA BANK
reduced
-97.67
117,297
117,297
-%
Nov 21, 2023
Walleye Trading LLC
new
-
594,402
594,402
-%
Nov 15, 2023
Ramirez Asset Management, Inc.
new
-
75,360
75,360
0.02%

1–10 of 40

Latest Funds Activity

Are funds buying WMG calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own WMG
No. of Funds

Schedule 13G FIlings of Warner Music Group Corp

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jul 10, 2023
sands capital management, llc
0.0%
0
SC 13G/A
Feb 14, 2023
caledonia (private) investments pty ltd
4.56%
6,258,678
SC 13G/A
Feb 14, 2023
melvin capital management lp
0%
0
SC 13G/A
Feb 14, 2023
sands capital management, llc
7.8%
10,674,369
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
7.60%
10,421,289
SC 13G/A
Jan 31, 2023
cooper stephen forbes
4.4%
6,141,401
SC 13G/A
Apr 04, 2022
cooper nancie
4.4%
5,926,399
SC 13G/A
Feb 14, 2022
sands capital management, llc
9.39%
11,553,443
SC 13G/A
Feb 14, 2022
darsana capital partners lp
2.2%
2,981,049
SC 13G/A

Recent SEC filings of Warner Music Group Corp

View All Filings
Date Filed Form Type Document
Dec 07, 2023
4
Insider Trading
Dec 05, 2023
144
Notice of Insider Sale Intent
Dec 01, 2023
8-K
Current Report
Nov 21, 2023
10-K
Annual Report
Nov 16, 2023
8-K
Current Report
Nov 09, 2023
8-K
Current Report
Oct 20, 2023
3
Insider Trading
Oct 20, 2023
3
Insider Trading
Oct 13, 2023
D
D
Sep 19, 2023
8-K
Current Report

Warner Music Group Corp News

Latest updates
MarketBeat09 Dec 202306:27 pm8 hours ago
MarketBeat07 Dec 202311:37 pm2 days ago
Zacks Investment Research07 Dec 202312:30 pm2 days ago
InvestorsObserver01 Dec 202305:21 pm8 days ago
Yahoo Finance24 Nov 202308:00 am15 days ago
StreetInsider.com21 Nov 202312:33 pm18 days ago
Yahoo Finance21 Nov 202308:00 am18 days ago
GuruFocus.com16 Nov 202305:06 pm23 days ago
Investing.com16 Nov 202308:00 am23 days ago
Nasdaq15 Nov 202308:00 am24 days ago
Morningstar12 Nov 202308:00 am27 days ago
Yahoo Finance09 Nov 202308:00 am30 days ago
Yahoo Finance09 Nov 202308:00 am30 days ago
Yahoo Finance09 Nov 202308:00 am30 days ago
StockNews.com06 Nov 202308:00 am33 days ago

Financials for Warner Music Group Corp

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue1.4%1,5861,5641,3991,4881,4971,4321,3761,6141,3761,3401,2501,3351,1261,0101,0711,2561,1241,0581,0901,2031,039
Costs and Expenses-0.1%1,3741,3751,2751,2641,3341,2861,2101,3751,2761,1781,0991,1391,0381,4431,1201,0911,0951,0009681,0561,023
  S&GA Expenses2.6%473461452440470451444497465437418401383869538379408372354376398
EBITDA Margin0.3%0.15*0.15*0.14*0.15*0.18*0.14*0.15*0.16*0.17*0.13*0.05*-0.01*-0.01*-0.01*0.10*0.15*0.15*0.15*0.24*--
Income Taxes34.9%58.0043.0021.0048.0037.0039.0034.0075.0022.0041.0051.0035.00-21.0051.00-12.005.00-77.00-12.0048.0050.00-2.00
Earnings Before Taxes26.9%21216758.0017218716412626352.00102168134-20.00-468-86.0012714.002.00115136-15.00
EBT Margin2.7%0.10*0.10*0.10*0.11*0.13*0.10*0.10*0.10*0.09*0.08*-0.04*-0.10*-0.10*-0.09*0.01*0.06*0.06*0.05*0.14*--
Net Income24.6%15212234.0012214812492.0018728.0061.0011798.00-1.00-520-74.0012090.0013.0067.0086.00-14.00
Net Income Margin-0.6%0.07*0.07*0.07*0.08*0.09*0.07*0.06*0.07*0.06*0.05*-0.06*-0.11*-0.11*-0.09*0.03*0.06*0.06*0.03*0.11*--
Free Cashflow169.9%305113-41.00188-12816.0095.0020871.0013015115610373.0063.00129127-22.5074.00-
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets4.8%8,5458,1508,0108,1297,8287,6997,7818,0157,2117,0406,8306,9436,4106,1486,1246,3146,0175,9555,9025,9465,344
  Current Assets3.7%2,4022,3172,2122,3402,1391,9011,9122,0211,8961,7341,7561,8281,6781,5821,5831,6561,6911,5801,5241,5921,433
    Cash Equivalents6.8%641600601720584345385450499442588566553532484462619541470548514
  Inventory8.6%12611611410210893.0094.0084.0099.0079.0079.0071.0079.0059.0065.0065.0074.0067.0065.0066.0042.00
  Net PPE0.9%458454440430415403386378364347339334331310294295300296295268229
  Goodwill1.6%1,9931,9621,9601,9511,9201,9321,9221351,8301,8361,8421,8511,8311,7701,7611,7681,7611,7721,7871,7931,692
Liabilities3.4%8,1157,8517,7447,8477,6607,5277,6087,8437,1656,9456,7576,9106,4556,1696,4096,4836,2866,0886,0226,0855,664
  Current Liabilities7.6%3,5393,2903,1873,3413,3683,1233,1313,3573,1502,9022,7842,8902,7202,5252,7322,7992,8192,5442,5182,5932,457
    LT Debt, Non Current-0.6%3,9643,9883,9863,9463,7323,7853,8293,8463,3463,3673,3543,3873,1043,0002,9832,9882,9743,0062,9902,9982,819
Shareholder's Equity53.0%43028126628215217217317246.0095.0073.0033.00-45.00--------
  Retained Earnings4.3%-1,387-1,450-1,488-1,439-1,477-1,542-1,587-1,601-1,710-1,660-1,659-1,713-1,749-1,685-1,166-1,088-1,177-1,061-1,043-1,078-1,133
  Additional Paid-In Capital0.4%2,0152,0072,0001,9841,9751,9751,9711,9731,9421,9341,9241,9131,9071,8991,1271,1281,1271,1281,1281,1281,127
Accumulated Depreciation0%523523503489461462452435419------------
Shares Outstanding---------------502-502-502-503
Minority Interest583.3%12318.0014.0012.0016.0016.0019.0019.0015.0014.0016.0017.0018.0017.0021.0021.0020.0019.0020.0023.0014.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations131.5%338,000,000146,000,000-6,000,000209,000,000406,000,000163,000,00044,000,000129,000,000228,000,00091,000,000150,000,000169,000,000176,000,000123,000,00086,000,00078,000,000151,000,000150,000,0007,000,00092,000,000160,000,000
  Share Based Compensation-------------8,000,000440,000,000167,000,000-7,000,00022,000,00014,000,0002,000,00012,000,00010,000,000
Cashflow From Investing-269.8%-196,000,000-53,000,000-41,000,000-10,000,000-61,000,000-114,000,000-25,000,000-624,000,000-72,000,000-162,000,000-61,000,000-343,000,000-132,000,000-36,000,000-19,000,000-32,000,000-36,000,000-47,000,000-55,000,000-238,000,000-46,000,000
Cashflow From Financing-2.2%-92,000,000-90,000,000-73,000,000-70,000,000-92,000,000-83,000,000-85,000,000448,000,000-96,000,000-79,000,000-64,000,000178,000,000-28,000,000-43,000,000-38,000,000-207,000,000-31,000,000-32,000,000-31,000,000182,000,000-502,000,000
  Dividend Payments6.0%89,000,00084,000,00083,000,00084,000,00083,000,00079,000,00078,000,00078,000,00078,000,00062,000,00063,000,00062,000,00063,000,00037,000,00038,000,000206,000,00031,000,00032,000,00031,000,000-500,000,000

WMG Income Statement

2023-09-30
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Revenue$ 6,037$ 5,919$ 5,301
Costs and expenses:   
Cost of revenue(3,177)(3,080)(2,742)
Selling, general and administrative expenses[1](1,826)(1,862)(1,721)
Restructuring(40)00
Amortization expense(245)(263)(229)
Total costs and expenses(5,288)(5,205)(4,692)
Net gain on divestiture4100
Operating income790714609
Loss on extinguishment of debt(4)0(22)
Interest expense, net(141)(125)(122)
Other (expense) income, net(36)151(9)
Income before income taxes609740456
Income tax expense(170)(185)(149)
Net income439555307
Less: Income attributable to noncontrolling interest(9)(4)(3)
Net income attributable to Warner Music Group Corp.430551304
Class A Common Stock   
Costs and expenses:   
Net income attributable to Warner Music Group Corp.$ 119$ 149$ 68
Net income per share attributable to common stockholders:   
Basic (in dollars per share)$ 0.82$ 1.06$ 0.58
Diluted (in dollars per share)$ 0.82$ 1.06$ 0.58
Weighted average common shares:   
Basic (in shares)138,070,000133,662,000110,561,000
Diluted (in shares)138,070,000133,662,000110,561,000
Common Class B   
Costs and expenses:   
Net income attributable to Warner Music Group Corp.$ 311$ 402$ 236
Net income per share attributable to common stockholders:   
Basic (in dollars per share)$ 0.82$ 1.06$ 0.58
Diluted (in dollars per share)$ 0.82$ 1.06$ 0.58
Weighted average common shares:   
Basic (in shares)377,650,000381,046,000402,912,000
Diluted (in shares)377,650,000381,046,000402,912,000
[1]Includes depreciation expense of $(87), $(76), and $(77) for the fiscal years ended September 30, 2023, 2022, and 2021 respectively.

WMG Balance Sheet

2023-09-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Sep. 30, 2022
Current assets:  
Cash and equivalents$ 641$ 584
Accounts receivable, net of allowances of $19 million and $19 million1,120984
Inventories126108
Royalty advances expected to be recouped within one year413372
Prepaid and other current assets10291
Total current assets2,4022,139
Royalty advances expected to be recouped after one year688503
Property, plant and equipment, net458415
Operating lease right-of-use assets, net245226
Goodwill1,9931,920
Intangible assets subject to amortization, net2,3532,239
Intangible assets not subject to amortization149145
Deferred tax assets, net3229
Other assets225212
Total assets8,5457,828
Current liabilities:  
Accounts payable300268
Accrued royalties2,2191,918
Accrued liabilities533457
Accrued interest1817
Operating lease liabilities, current4140
Deferred revenue371423
Other current liabilities57245
Total current liabilities3,5393,368
Long-term debt3,9643,732
Operating lease liabilities, noncurrent255241
Deferred tax liabilities, net216220
Other noncurrent liabilities14199
Total liabilities8,1157,660
Equity:  
Additional paid-in capital2,0151,975
Accumulated deficit(1,387)(1,477)
Accumulated other comprehensive loss, net(322)(347)
Total Warner Music Group Corp. equity307152
Noncontrolling interest12316
Total equity430168
Total liabilities and equity8,5457,828
Class A Common Stock  
Equity:  
Common stock, value, issued00
Common Class B  
Equity:  
Common stock, value, issued$ 1$ 1
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 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.
 CEO
 WEBSITEwww.wmg.com
 EMPLOYEES6200

Warner Music Group Corp Frequently Asked Questions


What is the ticker symbol for Warner Music Group Corp? What does WMG stand for in stocks?

WMG is the stock ticker symbol of Warner Music Group Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the fair value of WMG stock?

You can check WMG's fair value in chart. The fair value of Warner Music Group Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Warner Music Group Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WMG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Warner Music Group Corp a good stock to buy?

The fair value guage provides a quick view whether WMG is over valued or under valued. Whether Warner Music Group Corp is cheap or expensive depends on the assumptions which impact Warner Music Group Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WMG.