warner music group corp. - WMG

WMG

Close Chg Chg %
32.26 -0.70 -2.17%

Closed Market

31.56

-0.70 (2.17%)

Volume: 1.50M

Last Updated:

Mar 28, 2025, 4:00 PM EDT

Company Overview: warner music group corp. - WMG

WMG Key Data

Open

$32.22

Day Range

31.40 - 32.53

52 Week Range

27.06 - 36.64

Market Cap

$16.79B

Shares Outstanding

520.36M

Public Float

136.01M

Beta

1.33

Rev. Per Employee

N/A

P/E Ratio

33.71

EPS

$0.97

Yield

216.13%

Dividend

$0.18

EX-DIVIDEND DATE

Feb 24, 2025

SHORT INTEREST

N/A

AVERAGE VOLUME

2.41M

 

WMG Performance

1 Week
 
-2.71%
 
1 Month
 
-6.35%
 
3 Months
 
1.81%
 
1 Year
 
-4.42%
 
5 Years
 
N/A
 

WMG Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 19
Full Ratings ➔

About warner music group corp. - WMG

Warner Music Group Corp. engages in the publishing and recording of music. It operates through the Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the sale, marketing, distribution, and licensing of recorded music produced by the company's recording artists. The Music Publishing segment acts as a copyright owner and/or administrator of the musical compositions and generates revenues related to the exploitation of musical compositions. The company was founded on November 21, 2003 and is headquartered in New York, NY.

WMG At a Glance

Warner Music Group Corp.
1633 Broadway
New York, New York 10019
Phone 1-212-275-2000 Revenue 6.43B
Industry Commercial Printing/Forms Net Income 429.00M
Sector Commercial Services 2024 Sales Growth 6.444%
Fiscal Year-end 09 / 2025 Employees 5,800
View SEC Filings

WMG Valuation

P/E Current 33.706
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 37.756
Price to Sales Ratio 2.521
Price to Book Ratio 31.296
Price to Cash Flow Ratio 21.483
Enterprise Value to EBITDA 12.979
Enterprise Value to Sales 3.104
Total Debt to Enterprise Value 0.215

WMG Efficiency

Revenue/Employee 1,107,931.034
Income Per Employee 73,965.517
Receivables Turnover 5.12
Total Asset Turnover 0.726

WMG Liquidity

Current Ratio 0.678
Quick Ratio 0.653
Cash Ratio 0.178

WMG Profitability

Gross Margin 42.702
Operating Margin 18.83
Pretax Margin 9.353
Net Margin 6.676
Return on Assets 4.847
Return on Equity 104.00
Return on Total Capital 8.928
Return on Invested Capital 9.24

WMG Capital Structure

Total Debt to Total Equity 827.606
Total Debt to Total Capital 89.22
Total Debt to Total Assets 46.827
Long-Term Debt to Equity 818.919
Long-Term Debt to Total Capital 88.283
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Warner Music Group Corp. - WMG

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
5.30B 5.92B 6.04B 6.43B
Sales Growth
+18.78% +11.66% +1.99% +6.44%
Cost of Goods Sold (COGS) incl D&A
3.05B 3.42B 3.51B 3.68B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
306.00M 339.00M 332.00M 327.00M
Depreciation
77.00M 76.00M 87.00M 103.00M
Amortization of Intangibles
229.00M 263.00M 245.00M 224.00M
COGS Growth
+17.50% +12.17% +2.63% +4.93%
Gross Income
2.25B 2.50B 2.53B 2.74B
Gross Income Growth
+20.55% +10.96% +1.12% +8.54%
Gross Profit Margin
+42.50% +42.24% +41.88% +42.70%
2021 2022 2023 2024 5-year trend
SG&A Expense
1.60B 1.76B 1.68B 1.53B
Research & Development
- - - -
-
Other SG&A
1.60B 1.76B 1.68B 1.53B
SGA Growth
-23.50% +9.41% -4.44% -8.58%
Other Operating Expense
- - - -
-
Unusual Expense
65.00M (29.00M) 106.00M 421.00M
EBIT after Unusual Expense
583.00M 773.00M 744.00M 789.00M
Non Operating Income/Expense
(5.00M) 92.00M 6.00M (27.00M)
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
122.00M 125.00M 141.00M 161.00M
Interest Expense Growth
-3.94% +2.46% +12.80% +14.18%
Gross Interest Expense
122.00M 125.00M 141.00M 161.00M
Interest Capitalized
- - - -
-
Pretax Income
456.00M 740.00M 609.00M 601.00M
Pretax Income Growth
+202.01% +62.28% -17.70% -1.31%
Pretax Margin
+8.60% +12.50% +10.09% +9.35%
Income Tax
149.00M 185.00M 170.00M 123.00M
Income Tax - Current - Domestic
15.00M 44.00M 55.00M 34.00M
Income Tax - Current - Foreign
107.00M 128.00M 128.00M 137.00M
Income Tax - Deferred - Domestic
32.00M 43.00M (10.00M) (51.00M)
Income Tax - Deferred - Foreign
(5.00M) (30.00M) (3.00M) 3.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
(4.00M) (7.00M) (6.00M) (6.00M)
Consolidated Net Income
303.00M 548.00M 433.00M 472.00M
Minority Interest Expense
3.00M 4.00M 9.00M 43.00M
Net Income
300.00M 544.00M 424.00M 429.00M
Net Income Growth
+163.16% +81.33% -22.06% +1.18%
Net Margin Growth
+5.66% +9.19% +7.02% +6.68%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
300.00M 544.00M 424.00M 429.00M
Preferred Dividends
- - - -
-
Net Income Available to Common
300.00M 544.00M 424.00M 429.00M
EPS (Basic)
0.5843 1.0569 0.8222 0.829
EPS (Basic) Growth
+162.74% +80.88% -22.21% +0.83%
Basic Shares Outstanding
513.47M 514.71M 515.72M 517.52M
EPS (Diluted)
0.5843 1.0569 0.8222 0.829
EPS (Diluted) Growth
+162.74% +80.88% -22.21% +0.83%
Diluted Shares Outstanding
513.47M 514.71M 515.72M 517.52M
EBITDA
954.00M 1.08B 1.18B 1.54B
EBITDA Growth
+2,881.25% +13.52% +9.14% +30.03%
EBITDA Margin
+18.00% +18.30% +19.58% +23.92%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 36.40
Number of Ratings 19 Current Quarters Estimate 0.315
FY Report Date 06 / 2025 Current Year's Estimate 1.407
Last Quarter’s Earnings 0.28 Median PE on CY Estimate N/A
Year Ago Earnings 1.368 Next Fiscal Year Estimate 1.507
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 12 12 13 13
Mean Estimate 0.31 0.35 1.41 1.51
High Estimates 0.38 0.42 1.67 1.68
Low Estimate 0.28 0.31 1.09 1.18
Coefficient of Variance 10.36 9.31 11.56 9.27

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 11 11 10
OVERWEIGHT 1 1 1
HOLD 6 7 7
UNDERWEIGHT 1 1 1
SELL 0 0 0
MEAN Overweight Overweight Overweight

Insider Actions for Warner Music Group Corp. - WMG

Date Name Shares Transaction Value
Mar 7, 2025 Michael M. Lynton Director 44,442 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 7, 2025 Ynon Kreiz Director 30,501 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 7, 2025 Mathias Döpfner Director 27,387 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 7, 2025 Mathias Döpfner Director 25,913 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $33.09 per share 857,461.17
Mar 7, 2025 Nancy Dubuc Director 23,580 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 7, 2025 Noreena Hertz Director 27,387 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 7, 2025 Noreena Hertz Director 25,913 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $33.09 per share 857,461.17
Mar 7, 2025 Cecelia Kurzman Director 27,857 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 24, 2025 Valentin Blavatnik Director 68,264 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $35.45 per share 2,419,958.80
Feb 17, 2025 Maria Osherova EVP, Chief Human Res. Officer 44,699 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $33.9 per share 1,515,296.10
Oct 4, 2024 Max George Lousada CEO, Recorded Music 2,909,422 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $28.25 per share 82,191,171.50
Oct 4, 2024 Max George Lousada CEO, Recorded Music 2,861,288 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $28.21 per share 80,716,934.48
Oct 4, 2024 Max George Lousada CEO, Recorded Music 2,725,964 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $28.17 per share 76,790,405.88

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