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WMG

WMG - Warner Music Group Corp Stock Price, Fair Value and News

32.04USD+0.15 (+0.47%)Market Closed

Market Summary

WMG
USD32.04+0.15
Market Closed
0.47%

WMG Alerts

  • Big jump in Earnings (Y/Y)

WMG Stock Price

View Fullscreen

WMG RSI Chart

WMG Valuation

Market Cap

16.4B

Price/Earnings (Trailing)

30.92

Price/Sales (Trailing)

2.56

EV/EBITDA

18.89

Price/Free Cashflow

26.25

WMG Price/Sales (Trailing)

WMG Profitability

Operating Margin

67.51%

EBT Margin

11.86%

Return on Equity

90.43%

Return on Assets

6.06%

Free Cashflow Yield

3.81%

WMG Fundamentals

WMG Revenue

Revenue (TTM)

6.4B

Rev. Growth (Yr)

6.79%

Rev. Growth (Qtr)

-14.53%

WMG Earnings

Earnings (TTM)

529.0M

Earnings Growth (Yr)

182.35%

Earnings Growth (Qtr)

-39.62%

Breaking Down WMG Revenue

Last 7 days

1.2%

Last 30 days

-3.8%

Last 90 days

-9.8%

Trailing 12 Months

23.7%

How does WMG drawdown profile look like?

WMG Financial Health

Current Ratio

0.69

Debt/Equity

6.81

Debt/Cashflow

0.19

WMG Investor Care

Dividend Yield

2.09%

Dividend/Share (TTM)

0.67

Diluted EPS (TTM)

0.82

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20246.4B000
20235.8B5.9B6.0B6.3B
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
20122.7B2.6B2.8B2.8B
201102.9B2.9B2.7B
2010003.0B0
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Tracking the Latest Insider Buys and Sells of Warner Music Group Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 05, 2024
dubuc nancy
acquired
175,001
35.62
4,913
-
Mar 05, 2024
kurzman cecelia
acquired
175,001
35.62
4,913
-
Mar 05, 2024
lynton michael
acquired
255,004
35.62
7,159
-
Mar 05, 2024
hertz noreena
acquired
175,001
35.62
4,913
-
Mar 05, 2024
hertz noreena
sold (taxes)
-59,271
35.62
-1,664
-
Mar 05, 2024
kreiz ynon
acquired
175,001
35.62
4,913
-
Mar 05, 2024
dopfner mathias
sold (taxes)
-59,271
35.62
-1,664
-
Mar 05, 2024
dopfner mathias
acquired
175,001
35.62
4,913
-
Feb 28, 2024
wagner donald
sold
-
-
-251,817
-
Feb 28, 2024
wagner donald
acquired
-
-
251,817
-

1–10 of 50

Which funds bought or sold WMG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 16, 2024
Beacon Capital Management, LLC
new
-
1,816
1,816
-%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-74.71
-700,401
213,210
-%
May 16, 2024
FSA Wealth Management LLC
unchanged
-
-514
1,486
-%
May 16, 2024
COMERICA BANK
reduced
-23.91
-33,362
78,612
-%
May 16, 2024
Wiser Advisor Group LLC
unchanged
-
-66.00
838
-%
May 16, 2024
Tidal Investments LLC
new
-
537,302
537,302
0.01%
May 16, 2024
Ancora Advisors LLC
unchanged
-
-1,039
12,382
-%
May 15, 2024
Brevan Howard Capital Management LP
sold off
-100
-287,895
-
-%
May 15, 2024
Engineers Gate Manager LP
added
199
2,437,010
3,817,140
0.10%
May 15, 2024
Hudson Bay Capital Management LP
reduced
-76.25
-5,589,550
1,568,450
0.01%

1–10 of 46

Are Funds Buying or Selling WMG?

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

Unveiling Warner Music Group Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
access industries holdings llc
72.7%
374,352,210
SC 13G/A
Feb 13, 2024
vanguard group inc
8.44%
11,669,662
SC 13G/A
Feb 09, 2024
capital world investors
7.0%
9,619,250
SC 13G
Feb 09, 2024
fmr llc
-
0
SC 13G/A
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
vanguard group inc
7.60%
10,421,289
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A

Recent SEC filings of Warner Music Group Corp

View All Filings
Date Filed Form Type Document
May 13, 2024
8-K
Current Report
May 09, 2024
10-Q
Quarterly Report
May 09, 2024
8-K
Current Report
Mar 08, 2024
8-K
Current Report
Mar 07, 2024
4
Insider Trading
Mar 07, 2024
4
Insider Trading
Mar 07, 2024
4
Insider Trading
Mar 07, 2024
4
Insider Trading
Mar 07, 2024
4
Insider Trading
Mar 07, 2024
4
Insider Trading

Warner Music Group Corp News

Latest updates
MarketBeat16 hours ago
GlobeNewswire13 May 202412:26 pm
The Globe and Mail08 May 202407:04 am
Zacks Investment Research02 May 202403:27 pm

Warner Music Group Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-14.5%1,4941,7481,5861,5641,3991,4881,4971,4321,3761,6141,3761,3401,2501,3351,1261,0101,0711,2561,1241,0581,090
Costs and Expenses-1.6%1,3891,4111,3741,3751,2751,2641,3341,2861,2101,3751,2761,1781,0991,1391,0381,4431,1201,0911,0951,000968
  S&GA Expenses-6.3%446476473461452440470451444497465437418401383869538379408372354
EBITDA Margin14.4%0.13*0.11*0.14*0.14*0.14*0.15*0.16*0.14*0.14*0.15*0.13*0.16*0.05*0.00*-0.01*-0.02*0.08*0.13*0.12*0.11*0.21*
Income Taxes-75.0%18.0072.0058.0043.0021.0048.0037.0039.0034.0075.0022.0041.0051.0035.00-21.0051.00-12.005.00-77.00-12.0048.00
Earnings Before Taxes-57.0%11426521216758.0017218716412626352.00102168134-20.00-468-86.0012714.002.00115
EBT Margin6.4%0.12*0.11*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-39.6%96.0015915212234.0012214812492.0018728.0061.0011798.00-1.00-520-74.0012090.0013.0067.00
Net Income Margin11.6%0.08*0.07*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-121.6%-57.00264305113-41.0018837112816.0095.0020871.0013015115610373.0063.00129127-
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-2.9%8,7318,9918,5458,1508,0108,1297,8287,6997,7818,0157,2117,0406,8306,9436,4106,1486,1246,3146,0175,9555,902
  Current Assets-6.3%2,4502,6162,4022,3172,2122,3402,1391,9011,9122,0211,8961,7341,7561,8281,6781,5821,5831,6561,6911,5801,524
    Cash Equivalents-22.1%587754641600601720584345385450499442588566553532484462619541470
  Inventory-8.5%97.0010612611611410210893.0094.0084.0099.0079.0079.0071.0079.0059.0065.0065.0074.0067.0065.00
  Net PPE-0.9%462466458454440430415403386378364347339334331310294295300296295
  Goodwill-0.4%2,0072,0151,9931,9621,9601,9511,9201,9321,9221381,8301,8361,8421,8511,8311,7701,7611,7681,7611,7721,787
Liabilities-2.7%8,1468,3758,1157,8517,7447,8477,6607,5277,6087,8437,1656,9456,7576,9106,4556,1696,4096,4836,2866,0886,022
  Current Liabilities-5.7%3,5333,7453,5393,2903,1873,3413,3683,1233,1313,3573,1502,9022,7842,8902,7202,5252,7322,7992,8192,5442,518
  Long Term Debt-0.5%3,9844,0043,9643,9883,9863,9463,7323,7853,8293,8463,3463,3673,3543,3873,1043,0002,9832,9882,9743,0062,990
    LT Debt, Non Current-100.0%-4,0043,9643,9883,9863,9463,7323,7853,8293,8463,3463,3673,3543,3873,1043,0002,9832,9882,9743,0062,990
Shareholder's Equity26.3%58546330728126628216817217317246.0095.0073.0033.00-------
  Retained Earnings0.5%-1,310-1,317-1,387-1,450-1,488-1,439-1,477-1,542-1,587-1,601-1,710-1,660-1,659-1,713-1,749-1,685-1,166-1,088-1,177-1,061-1,043
  Additional Paid-In Capital0.2%2,0432,0392,0152,0072,0001,9841,9751,9751,9711,9731,9421,9341,9241,9131,9071,8991,1271,1281,1271,1281,128
Accumulated Depreciation4.0%573551523523503489461462452435419----------
Shares Outstanding-----------------502-502-502
Minority Interest-0.7%15215312318.0014.0012.0016.0016.0019.0019.0015.0014.0016.0017.0018.0017.0021.0021.0020.0019.0020.00
Float-----4,400---5,500---3,400-2,400------
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-110.6%-31.00293338146-6.0020940616344.0012922891.0015016917612386.0078.001511507.00
  Share Based Compensation---------------8.00440167-7.0022.0014.002.00
Cashflow From Investing64.1%-33.00-92.00-196-53.00-41.00-10.00-61.00-114-25.00-624-72.00-162-61.00-343-132-36.00-19.00-32.00-36.00-47.00-55.00
Cashflow From Financing-4.3%-97.00-93.00-92.00-90.00-73.00-70.00-92.00-83.00-85.00448-96.00-79.00-64.00178-28.00-43.00-38.00-207-31.00-32.00-31.00
  Dividend Payments0%89.0089.0089.0084.0083.0084.0083.0079.0078.0078.0078.0062.0063.0062.0063.0037.0038.0020631.0032.0031.00
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WMG Income Statement

2024-03-31
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Revenue$ 1,494$ 1,399$ 3,242$ 2,887
Costs and expenses:    
Cost of revenue(791)(721)(1,671)(1,482)
Selling, general and administrative expenses[1](446)(452)(922)(892)
Restructuring and impairments(95)(41)(95)(41)
Amortization expense(57)(61)(112)(124)
Total costs and expenses(1,389)(1,275)(2,800)(2,539)
Net loss (gain) on divestitures1403141
Operating income119124473389
Interest expense, net(42)(35)(81)(67)
Other income (expense)37(31)(13)(92)
Income before income taxes11458379230
Income tax expense(18)(21)(90)(69)
Net income9637289161
Less: Income attributable to noncontrolling interest0(3)(34)(5)
Net income attributable to Warner Music Group Corp.9634255156
Class A Common Stock    
Costs and expenses:    
Net income attributable to Warner Music Group Corp.$ 27$ 10$ 71$ 43
Net income per share attributable to common stockholders:    
Basic (in dollars per share)$ 0.18$ 0.06$ 0.49$ 0.30
Diluted (in dollars per share)$ 0.18$ 0.06$ 0.49$ 0.30
Weighted average common shares:    
Basic (in shares)141,044,000138,257,000140,013,000137,841,000
Diluted (in shares)141,044,000138,257,000140,013,000137,841,000
Class B Common Stock    
Costs and expenses:    
Net income attributable to Warner Music Group Corp.$ 69$ 24$ 184$ 113
Net income per share attributable to common stockholders:    
Basic (in dollars per share)$ 0.18$ 0.06$ 0.49$ 0.30
Diluted (in dollars per share)$ 0.18$ 0.06$ 0.49$ 0.30
Weighted average common shares:    
Basic (in shares)376,800,000377,650,000377,145,000377,650,000
Diluted (in shares)376,800,000377,650,000377,145,000377,650,000
[1]
Includes depreciation expense of $(26), $(22), for the three months ended March 31, 2024 and March 31, 2023, respectively, and $(52) and $(43) for the six months ended March 31, 2024 and March 31, 2023, respectively.

WMG Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Sep. 30, 2023
Current assets:  
Cash and equivalents$ 587$ 641
Accounts receivable, net of allowances of $21 million and $19 million1,1971,120
Inventories97126
Royalty advances expected to be recouped within one year456413
Prepaid and other current assets113102
Total current assets2,4502,402
Royalty advances expected to be recouped after one year759688
Property, plant and equipment, net of accumulated depreciation of $573 million and $523 million462458
Operating lease right-of-use assets, net233245
Goodwill2,0071,993
Intangible assets subject to amortization, net2,3182,353
Intangible assets not subject to amortization150149
Deferred tax assets, net3032
Other assets322225
Total assets8,7318,545
Current liabilities:  
Accounts payable306300
Accrued royalties2,4092,219
Accrued liabilities465533
Accrued interest1818
Operating lease liabilities, current4341
Deferred revenue234371
Other current liabilities5857
Total current liabilities3,5333,539
Long-term debt3,9843,964
Operating lease liabilities, noncurrent239255
Deferred tax liabilities, net236216
Other noncurrent liabilities154141
Total liabilities8,1468,115
Equity:  
Additional paid-in capital2,0432,015
Accumulated deficit(1,310)(1,387)
Accumulated other comprehensive loss, net(301)(322)
Total Warner Music Group Corp. equity433307
Noncontrolling interest152123
Total equity585430
Total liabilities and equity8,7318,545
Class A Common Stock  
Equity:  
Common stock00
Class B Common Stock  
Equity:  
Common stock$ 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
 WEBSITEwmg.com
 INDUSTRYEntertainment
 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 market capital of Warner Music Group Corp (WMG)?

As of Fri May 17 2024, market cap of Warner Music Group Corp is 16.35 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WMG stock?

You can check WMG's fair value in chart for subscribers.

What is the fair value of WMG stock?

You can check WMG's fair value in chart for subscribers. 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.

What is Warner Music Group Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, WMG's PE ratio (Price to Earnings) is 30.92 and Price to Sales (PS) ratio is 2.56. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WMG PE ratio will change depending on the future growth rate expectations of investors.