Warner Music Group Corp. (WMG)
Market Cap | 16.69B |
Revenue (ttm) | 6.39B |
Net Income (ttm) | 529.00M |
Shares Out | 517.91M |
EPS (ttm) | 1.00 |
PE Ratio | 32.24 |
Forward PE | 24.09 |
Dividend | $0.68 (2.11%) |
Ex-Dividend Date | May 22, 2024 |
Volume | 132,872 |
Open | 32.08 |
Previous Close | 32.04 |
Day's Range | 32.08 - 32.55 |
52-Week Range | 23.62 - 38.05 |
Beta | 1.43 |
Analysts | Buy |
Price Target | 36.33 (+12.72%) |
Earnings Date | May 9, 2024 |
About 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 ... [Read more]
Financial Performance
In 2023, WMG's revenue was $6.04 billion, an increase of 1.99% compared to the previous year's $5.92 billion. Earnings were $430.00 million, a decrease of -21.96%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for WMG stock is "Buy." The 12-month stock price forecast is $36.33, which is an increase of 12.72% from the latest price.
News
Warner Music Group Corp. to Participate in J.P. Morgan Global Technology, Media and Communications Conference
NEW YORK, May 14, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that Bryan Castellani, Executive Vice President and Chief Financial Officer, will pa...
Warner Music Group Corp. Announces Quarterly Cash Dividend
NEW YORK, May 13, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.17 per ...
Warner Music Group (WMG) stock jumps as total revenue rises 7% in Q2
Warner Music Group (NASDAQ:WMG) stock has jumped by almost 2% after the group reported a strong financial performance for the fiscal second quarter ending March 31, 2024, showcasing robust growth acro...
Warner Music Group's stock dips after profit falls short of estimates
Warner Music Group Inc.'s stock WMG, +1.60% fell 3.4% early Thursday, after the company posted weaker-than-expected first-quarter profit. The company had net income of $96 million, or 18 cents a share...
Warner Music Group Corp. Reports Results for Fiscal Second Quarter Ended March 31, 2024
Financial Highlights Solid Results Driven by Growth Across Recorded Music and Music Publishing Recorded Music Results Underpinned by an Acceleration in Subscription Streaming Music Publishing Delivere...
Warner Music Group Corp. To Conduct Earnings Conference Call on Thursday, May 9, 2024
NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, May 9, 2024, for the second quarter ended March 31, 2024, and will hold an earning...
Warner Music drops plans to bid for France's Believe
Warner Music Group will not submit an offer to acquire French digital music company Believe , the music label said in a statement on Saturday.
AYUSHMANN KHURRANA SIGNS GLOBAL DEAL WITH WARNER MUSIC INDIA
MUMBAI, India , April 2, 2024 /PRNewswire/ -- Bollywood superstar Ayushmann Khurrana, an actor and recording artist known both for his blockbuster movies and chartbusting songs, has signed a global re...
WARNER MUSIC EXPANDS DEAL WITH JETSYNTHESYS' GLOBAL MUSIC JUNCTION
Agreement makes Warner Music India the largest player in the Indian local language market MUMBAI, India, March 20, 2024 /PRNewswire/ -- Warner Music India has expanded its partnership with Global Musi...
The Ad-Hoc Committee has seized the AMF following Warner Music Group's proposal and the consortium's waiver of the condition precedent related to the favorable opinion of the Believe board of directors
The Ad-Hoc Committee has seized the AMF following Warner Music Group's proposal and the consortium's waiver of the condition precedent related to the favorable opinion of the Believe board of director...
Warner Music plans 1.65 bln euro bid to buy France's Believe
Warner Music Group said it planned to make a bid of at least 17 euros ($18.52) per share for Believe , valuing the French digital music company at 1.65 billion euros and topping an earlier takeover of...
Warner Music Group Confirms Its Indication of Interest in Relation to French Digital Music Company Believe SA
NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Warner Music Group (“Warner Music Group” or WMG”) confirms that on February 21, 2024 it approached Believe SA, a global digital music company headquartered...
Warner Music Group Corp. to Participate in Deutsche Bank's Media, Internet & Telecom Conference
NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that Bryan Castellani, Executive Vice President and Chief Financial Officer, will ...
Warner Music Group Corp. to Participate in Morgan Stanley Technology, Media & Telecom Conference
NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that Robert Kyncl, Chief Executive Officer, will participate in a question and answ...
GLOBAL SUPERSTAR NORA FATEHI SIGNS RECORD DEAL WITH WARNER MUSIC GROUP
First major record deal for singer and actress whose music moves millions across the world News arrives following the release of her latest blockbuster action movie, 'Crakk' DUBAI, UAE, Feb. 26, 2024 ...
US Supreme Court may dump Warner Music dispute over copyright damages
U.S. Supreme Court justices signaled on Wednesday they may dismiss a legal fight between a Miami music producer and Warner Music over a song by rapper Flo Rida.
Warner Music to lay off 10% of workforce as part of restructuring plan
Warner Music Group Corp. is planning to lay off about 600 employees, or around 10% of its workforce, as part of a restructuring plan aimed at freeing up more cash to invest in music and boost growth.
Warner Music Laying Off 600 Employees As It Looks To Sell Uproxx
Warner Music announced plans Wednesday to cut 600 employees in the record label conglomerate's latest cost-cutting effort as the company seeks to sell off its entertainment portfolio, following a stri...
Warner Music to cut 600 jobs, or 10% of staff
Warner Music is cutting 10% of its workforce in a plan to restructure the company.
Warner Music Group Corp. Reports Results for Fiscal First Quarter Ended December 31, 2023
Financial Highlights Double-Digit Growth in Revenue and Adjusted OIBDA as both Recorded Music and Music Publishing Deliver Highest Quarterly Revenue in Company History Recorded Music Results Bolstered...
Warner Music, Megan Thee Stallion Strike Deal
The rapper gets full ownership of her masters and publishing.
Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, February 8, 2024
NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, February 8, 2024, for the first quarter ended December 31, 2023, and will hold an e...
Warner Music Group stock jumps after earnings beat expectations, amid strength in recorded music streaming
Shares of Warner Music Group Corp. WMG, -0.54% leapt 2.6% toward a nine-month high after the music recorder and publisher beat fiscal fourth-quarter earnings expectations, as results were boosted by a...
Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2023
Financial Highlights Eclipsed $6 billion of total revenue for the first time in WMG's history Acceleration in Q4 Streaming Growth Driven by Release Slate and Ad-Supported Improvement Continued Strengt...
As Hollywood reckons with AI, Warner Music will use the tech to make an Edith Piaf biopic
Warner Music Group announced its plans to produce an AI-generated Edith Piaf biopic as Hollywood grapples with the technology.