Warner Music Group Corp. (WMG)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Revenue1,868,000,000$1,689,000,000$1,484,000,000$1,666,000,000$1,630,000,000$1,554,000,000$1,494,000,000$1,748,000,000$1,586,000,000$1,564,000,000$1,399,000,000$1,488,000,000$1,497,000,000$1,432,000,000$1,376,000,000$1,614,000,000$1,376,000,000$1,340,000,000$1,250,000,000$1,335,000,000$1,126,000,000$1,010,000,000$1,071,000,000$1,256,000,000$1,124,000,000$1,058,000,000$1,090,000,000$1,203,000,000$1,039,000,000$958,000,000$963,000,000$1,045,000,000$917,000,000$917,000,000$825,000,000$917,000,000$841,000,000$811,000,000$745,000,000$849,000,000$750,000,000$710,000,000$677,000,000$829,000,000$771,000,000$788,000,000$653,000,000$815,000,000$
QoQ%10.60%13.81%(10.92%)2.21%4.89%4.02%(14.53%)10.21%1.41%11.79%(5.98%)(.60%)4.54%4.07%(14.75%)17.30%2.69%7.20%(6.37%)18.56%11.49%(5.70%)(14.73%)11.74%6.24%(2.94%)(9.39%)15.78%8.46%(.52%)(7.85%)13.96%.00%11.15%(10.03%)9.04%3.70%8.86%(12.25%)13.20%5.63%4.87%(18.34%)7.52%(2.16%)20.67%(19.88%)6.68%
YoY%14.60%8.69%(.67%)(4.69%)2.77%(.64%)6.79%17.47%5.95%9.22%1.67%(7.81%)8.79%6.87%10.08%20.90%22.20%32.67%16.71%6.29%.18%(4.54%)(1.74%)4.41%8.18%10.44%13.19%15.12%13.30%4.47%16.73%13.96%9.04%13.07%10.74%8.01%12.13%14.23%10.04%2.41%(2.72%)(9.90%)3.68%1.72%.92%18.85%(3.26%)5.98%
Cost Of Revenue1,034,000,000$913,000,000$791,000,000$894,000,000$854,000,000$830,000,000$791,000,000$880,000,000$845,000,000$850,000,000$721,000,000$761,000,000$799,000,000$766,000,000$697,000,000$818,000,000$752,000,000$681,000,000$623,000,000$686,000,000$606,000,000$527,000,000$535,000,000$665,000,000$639,000,000$577,000,000$559,000,000$626,000,000$583,000,000$531,000,000$488,000,000$569,000,000$501,000,000$519,000,000$415,000,000$496,000,000$436,000,000$448,000,000$374,000,000$449,000,000$375,000,000$373,000,000$318,000,000$445,000,000$393,000,000$417,000,000$319,000,000$441,000,000$
Gross Profit834,000,000$776,000,000$693,000,000$772,000,000$776,000,000$724,000,000$703,000,000$868,000,000$741,000,000$714,000,000$678,000,000$727,000,000$698,000,000$666,000,000$679,000,000$796,000,000$624,000,000$659,000,000$627,000,000$649,000,000$520,000,000$483,000,000$536,000,000$591,000,000$485,000,000$481,000,000$531,000,000$577,000,000$456,000,000$427,000,000$475,000,000$476,000,000$416,000,000$398,000,000$410,000,000$421,000,000$405,000,000$363,000,000$371,000,000$400,000,000$375,000,000$337,000,000$359,000,000$384,000,000$378,000,000$371,000,000$334,000,000$374,000,000$
Gross Margin44.65%45.94%46.70%46.34%47.61%46.59%47.06%49.66%46.72%45.65%48.46%48.86%46.63%46.51%49.35%49.32%45.35%49.18%50.16%48.61%46.18%47.82%50.05%47.05%43.15%45.46%48.72%47.96%43.89%44.57%49.33%45.55%45.37%43.40%49.70%45.91%48.16%44.76%49.80%47.11%50.00%47.47%53.03%46.32%49.03%47.08%51.15%45.89%
Operating Expenses691,000,000$607,000,000$525,000,000$558,000,000$633,000,000$517,000,000$584,000,000$514,000,000$529,000,000$525,000,000$554,000,000$462,000,000$535,000,000$520,000,000$513,000,000$557,000,000$524,000,000$497,000,000$476,000,000$453,000,000$432,000,000$916,000,000$585,000,000$426,000,000$456,000,000$423,000,000$409,000,000$430,000,000$440,000,000$399,000,000$392,000,000$386,000,000$417,000,000$347,000,000$332,000,000$327,000,000$350,000,000$318,000,000$319,000,000$338,000,000$338,000,000$314,000,000$315,000,000$361,000,000$354,000,000$386,000,000$339,000,000$359,000,000$
Operating Income143,000,000$169,000,000$168,000,000$214,000,000$143,000,000$207,000,000$119,000,000$354,000,000$212,000,000$189,000,000$124,000,000$265,000,000$163,000,000$146,000,000$166,000,000$239,000,000$100,000,000$162,000,000$151,000,000$196,000,000$88,000,000$(433,000,000$)(49,000,000$)165,000,000$29,000,000$58,000,000$122,000,000$147,000,000$16,000,000$28,000,000$83,000,000$90,000,000$(1,000,000$)51,000,000$78,000,000$94,000,000$55,000,000$45,000,000$52,000,000$62,000,000$37,000,000$23,000,000$44,000,000$23,000,000$24,000,000$(15,000,000$)(5,000,000$)15,000,000$
Operating Margin7.66%10.01%11.32%12.85%8.77%13.32%7.97%20.25%13.37%12.08%8.86%17.81%10.89%10.20%12.06%14.81%7.27%12.09%12.08%14.68%7.82%(42.87%)(4.58%)13.14%2.58%5.48%11.19%12.22%1.54%2.92%8.62%8.61%(.11%)5.56%9.46%10.25%6.54%5.55%6.98%7.30%4.93%3.24%6.50%2.77%3.11%(1.90%)(.77%)1.84%
Interest Income0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$
Interest Expenses43,000,000$43,000,000$39,000,000$37,000,000$40,000,000$40,000,000$42,000,000$39,000,000$36,000,000$38,000,000$35,000,000$32,000,000$31,000,000$32,000,000$32,000,000$30,000,000$29,000,000$30,000,000$32,000,000$31,000,000$29,000,000$32,000,000$33,000,000$33,000,000$34,000,000$36,000,000$36,000,000$36,000,000$33,000,000$33,000,000$36,000,000$36,000,000$37,000,000$36,000,000$36,000,000$40,000,000$42,000,000$43,000,000$43,000,000$45,000,000$45,000,000$45,000,000$45,000,000$46,000,000$46,000,000$48,000,000$54,000,000$55,000,000$
Income Before Tax106,000,000$(11,000,000$)65,000,000$330,000,000$51,000,000$171,000,000$114,000,000$265,000,000$212,000,000$167,000,000$58,000,000$172,000,000$187,000,000$164,000,000$126,000,000$263,000,000$52,000,000$102,000,000$168,000,000$134,000,000$(20,000,000$)(468,000,000$)(86,000,000$)127,000,000$14,000,000$2,000,000$115,000,000$136,000,000$(15,000,000$)382,000,000$18,000,000$57,000,000$(57,000,000$)(9,000,000$)23,000,000$41,000,000$(8,000,000$)(3,000,000$)27,000,000$25,000,000$(17,000,000$)(39,000,000$)13,000,000$(32,000,000$)(23,000,000$)(200,000,000$)(62,000,000$)(44,000,000$)
Tax Expenses(3,000,000$)5,000,000$29,000,000$89,000,000$3,000,000$30,000,000$18,000,000$72,000,000$58,000,000$43,000,000$21,000,000$48,000,000$37,000,000$39,000,000$34,000,000$75,000,000$22,000,000$41,000,000$51,000,000$35,000,000$(21,000,000$)51,000,000$(12,000,000$)5,000,000$(77,000,000$)(12,000,000$)48,000,000$50,000,000$(2,000,000$)61,000,000$19,000,000$52,000,000$(19,000,000$)(152,000,000$)3,000,000$17,000,000$(5,000,000$)4,000,000$15,000,000$(3,000,000$)6,000,000$4,000,000$(6,000,000$)9,000,000$1,000,000$(16,000,000$)(3,000,000$)(8,000,000$)
Net Income109,000,000$(16,000,000$)36,000,000$236,000,000$41,000,000$139,000,000$96,000,000$159,000,000$152,000,000$122,000,000$34,000,000$122,000,000$148,000,000$124,000,000$92,000,000$187,000,000$28,000,000$61,000,000$117,000,000$98,000,000$(1,000,000$)(520,000,000$)(74,000,000$)120,000,000$90,000,000$13,000,000$67,000,000$86,000,000$(13,000,000$)321,000,000$(1,000,000$)5,000,000$(38,000,000$)143,000,000$20,000,000$24,000,000$(3,000,000$)(7,000,000$)12,000,000$28,000,000$(23,000,000$)(43,000,000$)19,000,000$(41,000,000$)(24,000,000$)(184,000,000$)(59,000,000$)(36,000,000$)
Profit Margin5.84%(.95%)2.43%14.17%2.52%8.95%6.43%9.10%9.58%7.80%2.43%8.20%9.89%8.66%6.69%11.59%2.04%4.55%9.36%7.34%(.09%)(51.49%)(6.91%)9.55%8.01%1.23%6.15%7.15%(1.25%)33.51%(.10%).48%(4.14%)15.59%2.42%2.62%(.36%)(.86%)1.61%3.30%(3.07%)(6.06%)2.81%(4.95%)(3.11%)(23.35%)(9.04%)(4.42%)
TTM5.44%4.59%7.14%8.07%6.77%8.56%8.28%7.42%7.12%7.16%7.36%8.39%9.31%7.43%6.45%7.04%5.74%5.44%(6.48%)(10.94%)(10.64%)(8.61%)3.31%6.41%5.72%3.49%10.75%9.44%7.79%7.39%2.84%3.51%4.17%5.26%1.00%.79%.92%.32%(.85%)(.64%)(2.97%)(2.98%)(7.50%)(10.13%)(10.01%)(11.13%)(7.39%)(5.18%)
Earnings to Minority0$0$0$5,000,000$7,000,000$2,000,000$0$34,000,000$2,000,000$2,000,000$3,000,000$2,000,000$2,000,000$1,000,000$0$1,000,000$2,000,000$0$0$1,000,000$2,000,000$1,000,000$0$2,000,000$1,000,000$1,000,000$0$0$1,000,000$1,000,000$2,000,000$1,000,000$1,000,000$2,000,000$1,000,000$2,000,000$1,000,000$2,000,000$1,000,000$1,000,000$0$1,000,000$1,000,000$1,000,000$2,000,000$1,000,000$1,000,000$1,000,000$
Earnings to Common Shareholders109,000,000$(16,000,000$)36,000,000$236,000,000$41,000,000$139,000,000$96,000,000$159,000,000$152,000,000$122,000,000$34,000,000$122,000,000$148,000,000$124,000,000$92,000,000$187,000,000$28,000,000$61,000,000$117,000,000$98,000,000$(1,000,000$)(520,000,000$)(74,000,000$)120,000,000$90,000,000$13,000,000$67,000,000$86,000,000$(14,000,000$)320,000,000$(3,000,000$)4,000,000$(39,000,000$)141,000,000$19,000,000$22,000,000$(4,000,000$)(9,000,000$)11,000,000$27,000,000$(23,000,000$)(44,000,000$)18,000,000$(42,000,000$)(26,000,000$)(185,000,000$)(60,000,000$)(37,000,000$)
QoQ%781.25%(144.44%)(84.75%)475.61%(70.50%)44.79%(39.62%)4.61%24.59%258.82%(72.13%)(17.57%)19.36%34.78%(50.80%)567.86%(54.10%)(47.86%)19.39%9,900.00%99.81%(602.70%)(161.67%)33.33%592.31%(80.60%)(22.09%)714.29%(104.38%)10,766.67%(175.00%)110.26%(127.66%)642.11%(13.64%)650.00%55.56%(181.82%)(59.26%)217.39%47.73%(344.44%)142.86%(61.54%)85.95%(208.33%)(62.16%)35.09%
YoY%165.85%(111.51%)(62.50%)48.43%(73.03%)13.93%182.35%30.33%2.70%(1.61%)(63.04%)(34.76%)428.57%103.28%(21.37%)90.82%2,900.00%111.73%258.11%(18.33%)(101.11%)(4,100.00%)(210.45%)39.54%742.86%(95.94%)2,333.33%2,050.00%64.10%126.95%(115.79%)(81.82%)(875.00%)1,666.67%72.73%(18.52%)82.61%79.55%(38.89%)164.29%11.54%76.22%130.00%(13.51%)54.39%(193.65%)(3,100.00%)53.75%
Earnings Per Share, Basic(0.15$)0.13$
Earnings Per Share, Diluted(0.15$)0.13$
Unlevered FCF Per Share, Basic0.15$0.01$
Unlevered FCF Per Share, Diluted0.15$0.01$
Average Shares, Basic501,991,944501,991,944
Average Shares, Diluted501,991,944501,991,944
EBIT149,000,000$32,000,000$104,000,000$367,000,000$91,000,000$211,000,000$156,000,000$304,000,000$248,000,000$205,000,000$93,000,000$204,000,000$218,000,000$196,000,000$158,000,000$293,000,000$81,000,000$132,000,000$200,000,000$165,000,000$9,000,000$(436,000,000$)(53,000,000$)160,000,000$48,000,000$38,000,000$151,000,000$172,000,000$18,000,000$415,000,000$54,000,000$93,000,000$(20,000,000$)27,000,000$59,000,000$81,000,000$34,000,000$40,000,000$70,000,000$70,000,000$28,000,000$6,000,000$58,000,000$14,000,000$23,000,000$(152,000,000$)(8,000,000$)11,000,000$
EBITDA253,000,000$128,000,000$194,000,000$453,000,000$174,000,000$291,000,000$239,000,000$385,000,000$327,000,000$291,000,000$176,000,000$288,000,000$300,000,000$283,000,000$247,000,000$374,000,000$160,000,000$211,000,000$277,000,000$236,000,000$76,000,000$(374,000,000$)8,000,000$231,000,000$114,000,000$104,000,000$220,000,000$240,000,000$74,000,000$486,000,000$123,000,000$158,000,000$41,000,000$91,000,000$122,000,000$144,000,000$102,000,000$115,000,000$145,000,000$145,000,000$104,000,000$83,000,000$135,000,000$93,000,000$106,000,000$(71,000,000$)71,000,000$89,000,000$