Security
WMG · Warner Music Group Corp.
WMGNASDAQCommon stockCurrentCIK 1319161Updated Sep 26, 2026
WMG price & chart
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NASDAQ:WMG on TradingView ↗About the company
With a legacy extending back over 200 years, Warner Music Group today is home to an unparalleled family of creative artists, songwriters, and companies that are moving culture across the globe. At the core of WMG’s Recorded Music division are four of the most iconic companies in history: Atlantic, Elektra, Parlophone and Warner Records. They are joined by renowned labels such as TenThousand Projects, 300 Entertainment, Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Reprise, Rhino, Roadrunner, Sire, Spinnin’ Records, Warner Classics and Warner Records Nashville. Warner Chappell Music - which traces its origins back to the founding of Chappell & Company in 1811 - is one of the world's leading music publishers, with a catalog of more than one million copyrights spanning every musical genre from the standards of the Great American Songbook to the biggest hits of the 21st century.
In the news
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Recent filings
Entry into a Material Definitive Agreement
Items 1.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
144 filing
4 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 9,829,000,000Source | 9,155,000,000Source | 8,545,000,000Source | 7,828,000,000Source |
| Property, Plant and Equipment, NetUSD | 441,000,000Source | 481,000,000Source | 458,000,000Source | 415,000,000Source |
| GoodwillUSD | 2,061,000,000Source | 2,021,000,000Source | 1,993,000,000Source | 1,920,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 2,879,000,000Source | 2,511,000,000Source | 2,502,000,000Source | 2,384,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 532,000,000Source | 694,000,000Source | 641,000,000Source | 584,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,340,000,000Source | 1,255,000,000Source | 1,120,000,000Source | 984,000,000Source |
| Inventory, NetUSD | 62,000,000Source | 99,000,000Source | 126,000,000Source | 108,000,000Source |
| Assets, CurrentUSD | 2,770,000,000Source | 2,643,000,000Source | 2,402,000,000Source | 2,139,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 166,000,000Source | 125,000,000Source | 102,000,000Source | 91,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 189,000,000Source | 225,000,000Source | 245,000,000Source | 226,000,000Source |
| Other Assets, NoncurrentUSD | 299,000,000Source | 348,000,000Source | 225,000,000Source | 212,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 9,072,000,000Source | 8,480,000,000Source | 8,115,000,000Source | 7,660,000,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | -1,331,000,000Source | -1,313,000,000Source | -1,387,000,000Source | -1,477,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -189,000,000Source | -247,000,000Source | -322,000,000Source | -347,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 647,000,000Source | 518,000,000Source | 307,000,000Source | 152,000,000Source |
| Additional Paid in Capital, Common StockUSD | 2,166,000,000Source | 2,077,000,000Source | 2,015,000,000Source | 1,975,000,000Source |
| Liabilities and EquityUSD | 9,829,000,000Source | 9,155,000,000Source | 8,545,000,000Source | 7,828,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 4,201,000,000Source | 3,897,000,000Source | 3,539,000,000Source | 3,368,000,000Source |
| Operating Lease, Liability, CurrentUSD | 43,000,000Source | 45,000,000Source | 41,000,000Source | 40,000,000Source |
| Accounts Payable, CurrentUSD | 257,000,000Source | 289,000,000Source | 300,000,000Source | 268,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 200,000,000Source | 228,000,000Source | 255,000,000Source | 241,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 164,000,000Source | 195,000,000Source | 216,000,000Source | 220,000,000Source |
| Other Liabilities, NoncurrentUSD | 142,000,000Source | 146,000,000Source | 141,000,000Source | 99,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 110,000,000Source | 157,000,000Source | 123,000,000Source | 16,000,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 666,000,000Source | 641,000,000Source | 533,000,000Source | 457,000,000Source |
| Deferred Tax Liabilities, NetUSD | 53,000,000Source | 143,000,000Source | 184,000,000Source | 191,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 4,014,000,000Source | 3,964,000,000Source | 3,732,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 4,063,000,000Source | 4,014,000,000Source | 3,964,000,000Source | 3,732,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 376,000,000Source | 327,000,000Source | 332,000,000Source | 339,000,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 49,000,000Source | 39,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 61,000,000Source | 110,000,000Source | 113,000,000Source | 195,000,000Source |
| Increase (Decrease) in InventoriesUSD | 11,000,000Source | -30,000,000Source | 12,000,000Source | 22,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -90,000,000Source | -48,000,000Source | -13,000,000Source | 13,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 678,000,000Source | 754,000,000Source | 687,000,000Source | 742,000,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 46,000,000Source | 40,000,000Source | 126,000,000Source | 509,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -340,000,000Source | -311,000,000Source | -300,000,000Source | -824,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 139,000,000Source | 116,000,000Source | — | — |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 20,000,000Source | 5,000,000Source | 0Source | 6,000,000Source |
| Payments for Repurchase of Common StockUSD | 16,000,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -497,000,000Source | -396,000,000Source | -325,000,000Source | 188,000,000Source |
| Dividends paid | — | — | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | 0Source | -1,000,000Source | -5,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -162,000,000Source | 53,000,000Source | 57,000,000Source | 85,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 532,000,000Source | 694,000,000Source | 641,000,000Source | 584,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 167,000,000Source | 183,000,000Source | 157,000,000Source | 122,000,000Source |
| Income Taxes Paid, NetUSD | 181,000,000Source | 135,000,000Source | 219,000,000Source | 141,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 0Source | 6,000,000Source | -5,000,000Source | -21,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 54,000,000Source | 52,000,000Source | 49,000,000Source | 39,000,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 7,000,000Source | 6,000,000Source | 2,000,000Source | 6,000,000Source |
| Amortization of Intangible AssetsUSD | 258,000,000Source | 224,000,000Source | 245,000,000Source | 263,000,000Source |
| DepreciationUSD | 118,000,000Source | 103,000,000Source | 87,000,000Source | 76,000,000Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | — | 4,000,000Source | 2,000,000Source | — |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 1,000,000Source | 1,000,000Source | 1,000,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -70,000,000Source | -68,000,000Source | -38,000,000Source | 169,000,000Source |
| Gain (Loss) on Disposition of BusinessUSD | 0Source | 32,000,000Source | 41,000,000Source | — |
| Gain (Loss) on Sale of InvestmentsUSD | 27,000,000Source | 6,000,000Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | 0Source | -4,000,000Source | 0Source |
| General and Administrative ExpenseUSD | 1,135,000,000Source | — | — | — |
| GoodwillUSD | 2,061,000,000Source | 2,021,000,000Source | 1,993,000,000Source | 1,920,000,000Source |
| Goodwill, Impairment LossUSD | 4,000,000Source | — | — | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | 50,000,000Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 370,000,000Source | 478,000,000Source | 439,000,000Source | 555,000,000Source |
| Income Tax Expense (Benefit)USD | 120,000,000Source | 123,000,000Source | 170,000,000Source | 185,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 365,000,000Source | 435,000,000Source | 430,000,000Source | 551,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 5,000,000Source | 43,000,000Source | 9,000,000Source | 4,000,000Source |
| Operating Lease, ExpenseUSD | 21,000,000Source | 26,000,000Source | 25,000,000Source | 23,000,000Source |
| Operating Lease, Impairment LossUSD | 20,000,000Source | — | — | — |
| Other Nonoperating Income (Expense)USD | -42,000,000Source | -61,000,000Source | -36,000,000Source | 151,000,000Source |
| Pension Cost (Reversal of Cost)USD | 3,000,000Source | 3,000,000Source | 3,000,000Source | 3,000,000Source |
| Restructuring CostsUSD | — | 7,000,000Source | — | — |
| Restructuring Costs and Asset Impairment ChargesUSD | — | 177,000,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 6,707,000,000Source | 6,426,000,000Source | 6,037,000,000Source | 5,919,000,000Source |
| Cost of RevenueUSD | 3,632,000,000Source | 3,355,000,000Source | 3,177,000,000Source | 3,080,000,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 1,889,000,000Source | 1,879,000,000Source | 1,826,000,000Source | 1,862,000,000Source |
| Operating Income (Loss)USD | 694,000,000Source | 823,000,000Source | 790,000,000Source | 714,000,000Source |
| Other Nonoperating Income (Expense)USD | -42,000,000Source | -61,000,000Source | -36,000,000Source | 151,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 490,000,000Source | 601,000,000Source | 609,000,000Source | 740,000,000Source |
| Income Tax Expense (Benefit)USD | 120,000,000Source | 123,000,000Source | 170,000,000Source | 185,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 5,000,000Source | 43,000,000Source | 9,000,000Source | 4,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 365,000,000Source | 435,000,000Source | 430,000,000Source | 551,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 258,000,000Source | 224,000,000Source | 245,000,000Source | 263,000,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.73Source | 0.69Source | 0.65Source | 0.61Source |
| Costs and ExpensesUSD | 6,013,000,000Source | 5,635,000,000Source | 5,288,000,000Source | 5,205,000,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 1,000,000Source | 1,000,000Source | 1,000,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -70,000,000Source | -68,000,000Source | -38,000,000Source | 169,000,000Source |
| General and Administrative ExpenseUSD | 1,135,000,000Source | — | — | — |
| Goodwill, Impairment LossUSD | 4,000,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 137,000,000Source | 67,000,000Source | 218,000,000Source | 385,000,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 370,000,000Source | 478,000,000Source | 439,000,000Source | 555,000,000Source |
| Interest Expense, DebtUSD | 177,000,000Source | 182,000,000Source | 157,000,000Source | — |
| Interest Income (Expense), Nonoperating, NetUSD | -162,000,000Source | -161,000,000Source | -141,000,000Source | -125,000,000Source |
| Operating Lease, ExpenseUSD | 21,000,000Source | 26,000,000Source | 25,000,000Source | 23,000,000Source |
| Restructuring CostsUSD | — | 7,000,000Source | — | — |
| Selling and Marketing ExpenseUSD | 642,000,000Source | — | — | — |
Filing attachments
q32026ex991.htm · 8-K · 2026-08-05
EX-99.1 2 q32026ex991.htm EX-99.1 Document WARNER MUSIC GROUP CORP. REPORTS RESULTS FOR FISCAL THIRD QUARTER ENDED JUNE 30, 2026 Financial Highlights • Robust Revenue Growth Underpinned by Strong Operating Performance across Recorded Music and Music Publishing • Double-Digit Recorded Music Subscription Streaming Growth Driven by Improved Terms with DSP Partners, Positive Industry Trends, and Resilient Global Market Share • Margin Expansion Supported by Revenue Mix and Cost-Savings Deliv…
Read attachment ↗d113003dex991.htm · 8-K · 2026-08-03
EX-99.1 2 d113003dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 WARNER MUSIC GROUP CORP. TO CONDUCT EARNINGS CONFERENCE CALL ON WEDNESDAY, AUGUST 5, 2026 NEW YORK, NY - August 3, 2026: Warner Music Group Corp. will release its financial results on Wednesday, August 5, 2026, for the third quarter ended June 30, 2026, instead of the previously announced reporting date of August 6, 2026. The company will hold an earnings conference call that afternoon at 4:30 p.m. ET. To access the conference cal…
Read attachment ↗d127683dex991.htm · 8-K · 2026-07-31
EX-99.1 2 d127683dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 WARNER MUSIC GROUP ANNOUNCES FINANCE LEADERSHIP TRANSITION NEW YORK, NY - July 31, 2026: Warner Music Group (Nasdaq: WMG) today announced that Armin Zerza, CFO & COO, has decided to step down from his role for personal reasons, effective immediately. He will remain available to the company through the end of the fiscal year to ensure a seamless transition. WMG has initiated a formal search for its next CFO. In the interim, SVP, Glo…
Read attachment ↗d127683dex992.htm · 8-K · 2026-07-31
EX-99.2 3 d127683dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 TOM CORSON PROMOTED TO CHIEF OPERATING OFFICER OF WARNER MUSIC GROUP NEW YORK, NY - July 31, 2026: Warner Music Group (Nasdaq: WMG) today announced that Warner Records Co-Chairman and COO Tom Corson is promoted to Chief Operating Officer (COO) of the entire organization, reporting directly to WMG CEO Robert Kyncl. Corson will now apply his deep domain expertise and operational rigor across the company, bringing global marketing, me…
Read attachment ↗q22026ex991.htm · 8-K · 2026-05-07
EX-99.1 2 q22026ex991.htm EX-99.1 Document WARNER MUSIC GROUP CORP. REPORTS RESULTS FOR FISCAL SECOND QUARTER ENDED MARCH 31, 2026 Financial Highlights • Double-Digit Revenue Growth Underpinned by Strong Operating Performance across Recorded Music and Music Publishing • Acceleration in Recorded Music Streaming Growth Driven by Per Subscriber Minimum Increases and Continued Market Share Gains • Robust Margin Expansion Supported by Operating Performance and Cost-Savings Delivery; High End…
Read attachment ↗d114158dex991.htm · 8-K · 2026-03-03
EX-99.1 2 d114158dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Dear Shareholders, We’re just a few months into 2026, and with our foundation as strong as ever, we’re seeing new growth vectors emerge constantly. Demand is booming for hits new and old and music companies now generate more predictable, recurring revenue streams than at any time in history. With algorithmic personalization fueling interest in artists from all eras, new listeners of all ages are exploring historic catalogs and embe…
Read attachment ↗