Warner Music Group Corp. (WMG)
Communication Services · Recorded music and music publishing · Nasdaq
A major recorded music label and publisher that monetizes artist catalogs through streaming, licensing, and ancillary services across global digital and traditional platforms.
What Warner Music Group Corp. does
Warner Music Group is a global music entertainment company that discovers, develops, and distributes music and audiovisual content through diverse revenue streams including recorded music, music publishing, and artist services. The company generates revenue from streaming services, downloads, physical sales, and licensing deals with third-party platforms. It operates as one of the major players in the recorded music industry, signing and developing artists while monetizing their catalogs across multiple channels.
Themes: ["music streaming","recorded music","music publishing","artist development","catalog monetization","digital media distribution","entertainment content"]
Fundamentals
- Price$28.99 as of 2026-07-10 close
- Market cap$15.3B as of 2026-07-12
- 1-year return-3.1% as of 2026-07-10 close
- P/E33.92 as of 2026-07-12
- Net margin+6.3% as of 2026-07-12
- Gross margin+45.8% as of 2026-07-12
- ROE+67.1% as of 2026-07-12
- Debt / equity6.39 as of 2026-07-12
- Revenue growth (YoY)+12.6% as of 2026-07-12
- Revenue CAGR (3y)+4.3% SEC XBRL
- Beta1.29 as of 2026-07-12
Dividend: yield +2.7%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Dependence on streaming platform revenue, which is concentrated among a small number of services; fluctuations in payment rates and policy changes at major streaming partners could materially impact revenue","Artist contract terms and royalty obligations create significant accrued liabilities ($2.8 billion in accrued royalties as of March 31, 2026), and disputes over royalty recoupment or contract interpretation could affect profitability","Foreign currency exposure and international market fluctuations, evidenced by foreign currency adjustments and remeasurement of foreign-denominated loans in the financial statements"]
Competitors & peers
- Universal Music Group
- Sony Music Entertainment
- Spotify
- Apple Music
- Amazon Music
- YouTube Music
Fundamentals: Finnhub, as of 2026-07-12. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-10.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.