Warner Music Group Corp

Market Summary

USD33.93-0.14

Market Closed

-0.41%

WMG Stock Price

View Fullscreen

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

Year	Q1	Q2	Q3	Q4
2023	5.8B	5.9B	6.0B	0
2022	5.7B	5.8B	5.9B	5.8B
2021	4.7B	5.1B	5.3B	5.6B
2020	4.5B	4.5B	4.5B	4.5B
2019	4.3B	4.4B	4.5B	4.5B
2018	3.8B	3.9B	4.0B	4.2B
2017	3.4B	3.5B	3.6B	3.7B
2016	3.1B	3.2B	3.2B	3.3B
2015	3.1B	3.0B	3.0B	3.0B
2014	2.9B	3.0B	3.0B	3.0B
2013	2.8B	2.8B	2.9B	2.9B
2012	0	2.6B	2.8B	2.8B
2011	0	0	0	0
2010	0	0	3.0B	0

Get all data in R, Python etc through our Historical Stock Data APIs

Latest Insider Trading transactions for WMG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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	-

Which funds bought or sold WMG recently?

View All Details

Datesorted ascending	Fund Name	Type	% 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%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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

MarketBeat • 09 Dec 2023 • 06:27 pm • 8 hours ago

Darlington Partners Capital Management LP Has $158.13 Million ...

MarketBeat • 07 Dec 2023 • 11:37 pm • 2 days ago

Insider Selling: Warner Music Group Corp. (NASDAQ:WMG) CEO ...

Zacks Investment Research • 07 Dec 2023 • 12:30 pm • 2 days ago

Top 5 Consumer Discretionary Stocks for December

InvestorsObserver • 01 Dec 2023 • 05:21 pm • 8 days ago

Do Traders Think Warner Music Group Corp (WMG) Can Keep Climbing Friday?

Yahoo Finance • 24 Nov 2023 • 08:00 am • 15 days ago

Earnings Estimates Moving Higher for Warner Music Group Corp ...

StreetInsider.com • 21 Nov 2023 • 12:33 pm • 18 days ago

Form 10-K Warner Music Group Corp. For: Sep 30

Yahoo Finance • 21 Nov 2023 • 08:00 am • 18 days ago

Here's Why Warner Music Group Corp. (WMG) Rose in Q3

GuruFocus.com • 16 Nov 2023 • 05:06 pm • 23 days ago

What's Driving Sirius XM Holdings Inc's Surprising 11% Stock Rally?

Investing.com • 16 Nov 2023 • 08:00 am • 23 days ago

Wells Fargo initiates coverage on Warner Music Group with Equal ...

Nasdaq • 15 Nov 2023 • 08:00 am • 24 days ago

Pre-Market Earnings Report for November 16, 2023 : WMT, NTES ...

Morningstar • 12 Nov 2023 • 08:00 am • 27 days ago

Retail earnings begin this week. 'It's getting worse,' an analyst says.

Yahoo Finance • 09 Nov 2023 • 08:00 am • 30 days ago

Should You Think About Buying Warner Music Group Corp ...

Yahoo Finance • 09 Nov 2023 • 08:00 am • 30 days ago

Earnings Preview: Warner Music Group Corp. (WMG) Q4 Earnings ...

Yahoo Finance • 09 Nov 2023 • 08:00 am • 30 days ago

Warner Music Group Corp. Announces Quarterly Cash Dividend

StockNews.com • 06 Nov 2023 • 08:00 am • 33 days ago

WMG: Analyzing Entertainment Stocks: AMC Entertainment (AMC ...

Financials for Warner Music Group Corp

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Revenue	1.4%	1,586	1,564	1,399	1,488	1,497	1,432	1,376	1,614	1,376	1,340	1,250	1,335	1,126	1,010	1,071	1,256	1,124	1,058	1,090	1,203	1,039
Costs and Expenses	-0.1%	1,374	1,375	1,275	1,264	1,334	1,286	1,210	1,375	1,276	1,178	1,099	1,139	1,038	1,443	1,120	1,091	1,095	1,000	968	1,056	1,023
S&GA Expenses	2.6%	473	461	452	440	470	451	444	497	465	437	418	401	383	869	538	379	408	372	354	376	398
EBITDA Margin	0.3%	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 Taxes	34.9%	58.00	43.00	21.00	48.00	37.00	39.00	34.00	75.00	22.00	41.00	51.00	35.00	-21.00	51.00	-12.00	5.00	-77.00	-12.00	48.00	50.00	-2.00
Earnings Before Taxes	26.9%	212	167	58.00	172	187	164	126	263	52.00	102	168	134	-20.00	-468	-86.00	127	14.00	2.00	115	136	-15.00
EBT Margin	2.7%	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 Income	24.6%	152	122	34.00	122	148	124	92.00	187	28.00	61.00	117	98.00	-1.00	-520	-74.00	120	90.00	13.00	67.00	86.00	-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 Cashflow	169.9%	305	113	-41.00	188	-	128	16.00	95.00	208	71.00	130	151	156	103	73.00	63.00	129	127	-22.50	74.00	-

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Assets	4.8%	8,545	8,150	8,010	8,129	7,828	7,699	7,781	8,015	7,211	7,040	6,830	6,943	6,410	6,148	6,124	6,314	6,017	5,955	5,902	5,946	5,344
Current Assets	3.7%	2,402	2,317	2,212	2,340	2,139	1,901	1,912	2,021	1,896	1,734	1,756	1,828	1,678	1,582	1,583	1,656	1,691	1,580	1,524	1,592	1,433
Cash Equivalents	6.8%	641	600	601	720	584	345	385	450	499	442	588	566	553	532	484	462	619	541	470	548	514
Inventory	8.6%	126	116	114	102	108	93.00	94.00	84.00	99.00	79.00	79.00	71.00	79.00	59.00	65.00	65.00	74.00	67.00	65.00	66.00	42.00
Net PPE	0.9%	458	454	440	430	415	403	386	378	364	347	339	334	331	310	294	295	300	296	295	268	229
Goodwill	1.6%	1,993	1,962	1,960	1,951	1,920	1,932	1,922	135	1,830	1,836	1,842	1,851	1,831	1,770	1,761	1,768	1,761	1,772	1,787	1,793	1,692
Liabilities	3.4%	8,115	7,851	7,744	7,847	7,660	7,527	7,608	7,843	7,165	6,945	6,757	6,910	6,455	6,169	6,409	6,483	6,286	6,088	6,022	6,085	5,664
Current Liabilities	7.6%	3,539	3,290	3,187	3,341	3,368	3,123	3,131	3,357	3,150	2,902	2,784	2,890	2,720	2,525	2,732	2,799	2,819	2,544	2,518	2,593	2,457
LT Debt, Non Current	-0.6%	3,964	3,988	3,986	3,946	3,732	3,785	3,829	3,846	3,346	3,367	3,354	3,387	3,104	3,000	2,983	2,988	2,974	3,006	2,990	2,998	2,819
Shareholder's Equity	53.0%	430	281	266	282	152	172	173	172	46.00	95.00	73.00	33.00	-45.00	-	-	-	-	-	-	-	-
Retained Earnings	4.3%	-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 Capital	0.4%	2,015	2,007	2,000	1,984	1,975	1,975	1,971	1,973	1,942	1,934	1,924	1,913	1,907	1,899	1,127	1,128	1,127	1,128	1,128	1,128	1,127
Accumulated Depreciation	0%	523	523	503	489	461	462	452	435	419	-	-	-	-	-	-	-	-	-	-	-	-
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	502	-	502	-	502	-	503
Minority Interest	583.3%	123	18.00	14.00	12.00	16.00	16.00	19.00	19.00	15.00	14.00	16.00	17.00	18.00	17.00	21.00	21.00	20.00	19.00	20.00	23.00	14.00

Cashflow (Last 12 Months)
(In Millions)

Cashflow (Quarterly)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Cashflow From Operations	131.5%	338,000,000	146,000,000	-6,000,000	209,000,000	406,000,000	163,000,000	44,000,000	129,000,000	228,000,000	91,000,000	150,000,000	169,000,000	176,000,000	123,000,000	86,000,000	78,000,000	151,000,000	150,000,000	7,000,000	92,000,000	160,000,000
Share Based Compensation	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000,000	440,000,000	167,000,000	-7,000,000	22,000,000	14,000,000	2,000,000	12,000,000	10,000,000
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	-85,000,000	448,000,000	-96,000,000	-79,000,000	-64,000,000	178,000,000	-28,000,000	-43,000,000	-38,000,000	-207,000,000	-31,000,000	-32,000,000	-31,000,000	182,000,000	-502,000,000
Dividend Payments	6.0%	89,000,000	84,000,000	83,000,000	84,000,000	83,000,000	79,000,000	78,000,000	78,000,000	78,000,000	62,000,000	63,000,000	62,000,000	63,000,000	37,000,000	38,000,000	206,000,000	31,000,000	32,000,000	31,000,000	-	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)

Amortization expense

(245)

(263)

(229)

Total costs and expenses

(5,288)

(5,205)

(4,692)

Net gain on divestiture

Operating income

790

714

609

Loss on extinguishment of debt

(4)

(22)

Interest expense, net

(141)

(125)

(122)

Other (expense) income, net

(36)

151

(9)

Income before income taxes

609

740

456

Income tax expense

(170)

(185)

(149)

Net income

439

555

307

Less: Income attributable to noncontrolling interest

(9)

(4)

(3)

Net income attributable to Warner Music Group Corp.

430

551

304

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)

138,070,000

133,662,000

110,561,000

Diluted (in shares)

138,070,000

133,662,000

110,561,000

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)

377,650,000

381,046,000

402,912,000

Diluted (in shares)

377,650,000

381,046,000

402,912,000

[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 million	1,120	984
Inventories	126	108
Royalty advances expected to be recouped within one year	413	372
Prepaid and other current assets	102	91
Total current assets	2,402	2,139
Royalty advances expected to be recouped after one year	688	503
Property, plant and equipment, net	458	415
Operating lease right-of-use assets, net	245	226
Goodwill	1,993	1,920
Intangible assets subject to amortization, net	2,353	2,239
Intangible assets not subject to amortization	149	145
Deferred tax assets, net	32	29
Other assets	225	212
Total assets	8,545	7,828
Current liabilities:
Accounts payable	300	268
Accrued royalties	2,219	1,918
Accrued liabilities	533	457
Accrued interest	18	17
Operating lease liabilities, current	41	40
Deferred revenue	371	423
Other current liabilities	57	245
Total current liabilities	3,539	3,368
Long-term debt	3,964	3,732
Operating lease liabilities, noncurrent	255	241
Deferred tax liabilities, net	216	220
Other noncurrent liabilities	141	99
Total liabilities	8,115	7,660
Equity:
Additional paid-in capital	2,015	1,975
Accumulated deficit	(1,387)	(1,477)
Accumulated other comprehensive loss, net	(322)	(347)
Total Warner Music Group Corp. equity	307	152
Noncontrolling interest	123	16
Total equity	430	168
Total liabilities and equity	8,545	7,828
Class A Common Stock
Equity:
Common stock, value, issued	0	0
Common Class B
Equity:
Common stock, value, issued	$ 1	$ 1

About Warner Music Group Corp

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	Mr. Guy Moot
WEBSITE	www.wmg.com
EMPLOYEES	6200

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.

Market Summary

WMG Stock Price

WMG RSI Chart

WMG Valuation

WMG Price/Sales (Trailing)

WMG Profitability

WMG Fundamentals

WMG Revenue

WMG Earnings

Price Action

How does WMG drawdown profile look like?

WMG Financial Health

WMG Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for WMG

Which funds bought or sold WMG recently?

Latest Funds Activity

Schedule 13G FIlings of Warner Music Group Corp

Recent SEC filings of Warner Music Group Corp

Warner Music Group Corp News

Financials for Warner Music Group Corp

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

WMG Income Statement

WMG Balance Sheet

About Warner Music Group Corp

Warner Music Group Corp Frequently Asked Questions

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

What is the fair value of WMG stock?

Is Warner Music Group Corp a good stock to buy?

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)