Summary
32.03 0.14(0.44%)05/17/2024
Warner Music Group Corp (WMG)
Warner Music Group Corp (WMG)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -0.66 | 6.53 | 0.20 | -2.79 | 8.53 | 23.43 | 0.00 | 21.18 |
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| Trading Data | ||
| Close | 35.17 | |
| Open | 35.46 | |
| High | 35.52 | |
| Low | 34.99 | |
| Volume | 762,957 | |
| Change | -0.24 | |
| Change % | -0.66 | |
| Avg Volume (20 Days) | 1,397,563 | |
| Volume/Avg Volume (20 Days) Ratio | 0.55 | |
| 52 Week Range | 23.62 - 38.05 | |
| Price vs 52 Week High | -7.58% | |
| Price vs 52 Week Low | 48.88% | |
| Range | -0.83 | |
| Gap Up/Down | -0.16 | |
Fundamentals | ||
| Market Capitalization (Mln) | 16,594 | |
| EBIDTA | 912,000,000 | |
| PE Ratio | 69.6062 | |
| PEG Ratio | 1.5816 | |
| WallStreet Target Price | 46.75 | |
| Book Value | 0.0600 | |
| Earnings Per Share | 0.5840 | |
| EPS Estimate Current Quarter | 0.1500 | |
| EPS Estimate Next Quarter | 0.3200 | |
| EPS Estimate Current Year | 0.6900 | |
| EPS Estimate Next Year | 1.0200 | |
| Diluted EPS (TTM) | 0.5840 | |
| Revenues | ||
| Profit Marging | 0.0574 | |
| Operating Marging (TTM) | 0.1143 | |
| Return on asset (TTM) | 0.0556 | |
| Return on equity (TTM) | 0.0000 | |
| Revenue TTM | 5,301,000,192 | |
| Revenue per share TTM | 10.3240 | |
| Quarterly Revenue Growth (YOY) | 0.2220 | |
| Quarterly Earnings Growth (YOY) | -0.2140 | |
| Gross Profit (TTM) | 2,559,000,000 | |
| Dividends | ||
| Dividend Share | 0.5100 | |
| Dividend Yield | 0.0124 | |
| Valuations | ||
| Trailing PE | 69.6062 | |
| Forward PE | 40.1606 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 677.3615 | |
| Revenue Enterprise Value | 4.5605 | |
| EBITDA Enterprise Value | 27.3475 | |
| Shares | ||
| Shares Outstanding | 123,075,000 | |
| Shares Float | 102,989,490 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 18.31 | |
| Institutions (%) | 77.82 | |
05/14 09:00 EST - globenewswire.com
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 participate in a question and answer session during the J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 21st, at 10:50 a.m. ET.
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 participate in a question and answer session during the J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 21st, at 10:50 a.m. ET.
05/13 08:25 EST - globenewswire.com
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 share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on June 3, 2024, to stockholders of record as of the close of business on May 23, 2024.
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 share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on June 3, 2024, to stockholders of record as of the close of business on May 23, 2024.
05/09 11:19 EST - proactiveinvestors.com
Warner Music slides despite rising sales and profits
Shares in Warner Music Group Corp fell 6% after earnings from the publisher of Cardi B, Dua Lipa, Ed Sheeran, Michael Bublé and Lizzo came in shy of Wall Street's expectations. Revenue of $1.49 billion was generated in the group's fiscal second quarter, up 7% year-on-year, and just ahead of the $1.48 billion average analyst estimate.
Warner Music slides despite rising sales and profits
Shares in Warner Music Group Corp fell 6% after earnings from the publisher of Cardi B, Dua Lipa, Ed Sheeran, Michael Bublé and Lizzo came in shy of Wall Street's expectations. Revenue of $1.49 billion was generated in the group's fiscal second quarter, up 7% year-on-year, and just ahead of the $1.48 billion average analyst estimate.
05/09 09:46 EST - zacks.com
Warner Music Group Corp. (WMG) Q2 Earnings and Revenues Beat Estimates
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.06 per share a year ago.
Warner Music Group Corp. (WMG) Q2 Earnings and Revenues Beat Estimates
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.06 per share a year ago.
05/09 08:10 EST - invezz.com
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 across its Recorded Music and Music Publishing divisions.
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 across its Recorded Music and Music Publishing divisions.
05/09 07:38 EST - marketwatch.com
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, for the quarter, up from $34 million, or 6 cents a share, in the year-earlier period.
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, for the quarter, up from $34 million, or 6 cents a share, in the year-earlier period.
05/09 07:30 EST - globenewswire.com
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 Delivered Revenue Growth of 19% Reiterating Full-Year Operating Cash Flow Conversion Guidance of 50-60% For the three months ended March 31, 2024 Total revenue increased 7% , the same in constant currency Net income was $96 million versus $37 million in the prior-year quarter Operating income decreased 4% to $119 million versus $124 million in the prior-year quarter Adjusted OIBDA increased 9% to $312 million , versus $286 million in the prior-year quarter, the same in constant currency Cash used in operating activities increased to $31 million, versus $6 million in the prior-year quarter NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its second-quarter financial results for the period ended March 31, 2024. “This quarter we saw a healthy, dynamic mix of hits across a range of genres, geographies, and generations,” said Robert Kyncl, CEO of Warner Music Group.
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 Delivered Revenue Growth of 19% Reiterating Full-Year Operating Cash Flow Conversion Guidance of 50-60% For the three months ended March 31, 2024 Total revenue increased 7% , the same in constant currency Net income was $96 million versus $37 million in the prior-year quarter Operating income decreased 4% to $119 million versus $124 million in the prior-year quarter Adjusted OIBDA increased 9% to $312 million , versus $286 million in the prior-year quarter, the same in constant currency Cash used in operating activities increased to $31 million, versus $6 million in the prior-year quarter NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its second-quarter financial results for the period ended March 31, 2024. “This quarter we saw a healthy, dynamic mix of hits across a range of genres, geographies, and generations,” said Robert Kyncl, CEO of Warner Music Group.
05/02 11:05 EST - zacks.com
Warner Music Group Corp. (WMG) Earnings Expected to Grow: Should You Buy?
Warner Music Group (WMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Warner Music Group Corp. (WMG) Earnings Expected to Grow: Should You Buy?
Warner Music Group (WMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
04/10 09:00 EST - globenewswire.com
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 earnings conference call that morning at 8:30 a.m. ET.
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 earnings conference call that morning at 8:30 a.m. ET.
04/06 11:27 EST - reuters.com
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.
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.
04/02 21:30 EST - prnewswire.com
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 recording deal with Warner Music India, the country's leading music label, in the next chapter of his artist career. Signing with Warner Music India will enable Khurrana to access the label's global ecosystem, helping him connect with audiences and artists beyond India's borders.
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 recording deal with Warner Music India, the country's leading music label, in the next chapter of his artist career. Signing with Warner Music India will enable Khurrana to access the label's global ecosystem, helping him connect with audiences and artists beyond India's borders.
03/20 00:30 EST - prnewswire.com
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 Music Junction (GMJ), the music and entertainment subsidiary of JetSynthesys. The companies struck a distribution deal in 2021, but this new agreement sees Warner Music make a strategic investment in GMJ, giving it a seat on the board.
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 Music Junction (GMJ), the music and entertainment subsidiary of JetSynthesys. The companies struck a distribution deal in 2021, but this new agreement sees Warner Music make a strategic investment in GMJ, giving it a seat on the board.
03/18 10:00 EST - zacks.com
4 Film & Television Production Stocks to Watch on Solid Industry Trends
Film and television production and distribution companies like WMG, NWSA, LGF.A and IMAX benefit from the higher consumption of digital entertainment and a recovering ad spending environment.
4 Film & Television Production Stocks to Watch on Solid Industry Trends
Film and television production and distribution companies like WMG, NWSA, LGF.A and IMAX benefit from the higher consumption of digital entertainment and a recovering ad spending environment.
03/11 14:15 EST - globenewswire.com
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 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 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 directors
03/07 02:59 EST - reuters.com
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 offer from a consortium.
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 offer from a consortium.
03/07 02:30 EST - globenewswire.com
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 in France and listed on the regulated market of Euronext Paris (“Believe” or the “Company”) to initiate discussions with respect to a potential combination of Believe with WMG (the “Transaction”) and that it indicated on February 27, 2024 that, at this stage, WMG thought it could value Believe at a price of at least €17/share (coupon attached) based on currently available public information.
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 in France and listed on the regulated market of Euronext Paris (“Believe” or the “Company”) to initiate discussions with respect to a potential combination of Believe with WMG (the “Transaction”) and that it indicated on February 27, 2024 that, at this stage, WMG thought it could value Believe at a price of at least €17/share (coupon attached) based on currently available public information.
03/05 10:00 EST - globenewswire.com
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 participate in a question and answer session during the Deutsche Bank 32nd Annual Media, Internet & Telecom Conference on Tuesday, March 12th, at 11:20 a.m. ET.
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 participate in a question and answer session during the Deutsche Bank 32nd Annual Media, Internet & Telecom Conference on Tuesday, March 12th, at 11:20 a.m. ET.
02/28 13:00 EST - globenewswire.com
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 answer session during the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 6th, at 4:20pm PT.
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 answer session during the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 6th, at 4:20pm PT.