Warner Music Group upgraded by Citigroup with a new price target
$WMG
Services-Misc. Amusement & Recreation
Consumer Discretionary
Citigroup upgraded Warner Music Group from Neutral to Buy and set a new price target of $42.00 from $34.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/14/2025 | $34.00 → $42.00 | Neutral → Buy | Citigroup |
| 1/8/2025 | $44.00 → $40.00 | Buy | Guggenheim |
| 10/4/2024 | $33.00 → $30.00 | Neutral → Underperform | BofA Securities |
| 7/12/2024 | $37.00 | Outperform | Wolfe Research |
| 7/11/2024 | $43.00 → $38.00 | Buy | Jefferies |
| 7/10/2024 | $21.00 → $23.00 | Neutral → Sell | Redburn Atlantic |
| 5/6/2024 | $43.00 | Overweight | Morgan Stanley |
| 2/5/2024 | $17.00 → $21.00 | Sell → Neutral | Redburn Atlantic |
NEW YORK, Feb. 14, 2025 (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 $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on March 4, 2025, to stockholders of record as of the close of business on February 24, 2025. About Warner Music Group 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: A
Financial Highlights Warner Music Group and Spotify Today Announced New, Multi-Year Agreement, Covering Both Recorded Music and Music PublishingMusic Publishing Delivers Continued Growth Led by Strength in Performance and DigitalOperating Cash Flow Growth of 13% with Conversion of 91%Reaffirming Full-Year Recorded Music Subscription Streaming Revenue and Operating Cash Flow Conversion GuidanceTempo Music Investment Demonstrates Disciplined M&A Strategy Focused on Accretive Opportunities For the three months ended December 31, 2024 Total revenue decreased 5%, or 4% in constant currencyNet income increased 25% to $241 million versus $193 million in the prior-year quarterOperating income dec
Catalog includes rights in songs recorded by Bruno Mars, Twenty One Pilots, Adele, Wiz Khalifa, Florida Georgia Line, and Lukas Graham Providence Equity Partners to Remain a Minority Investor NEW YORK, Feb. 6, 2025 /PRNewswire/ -- Warner Music Group Corp. ("Warner Music Group" or "WMG") today announced that it has acquired a controlling stake in Tempo Music Investments ("Tempo"), an investment platform for premium music rights, from Providence Equity Partners ("Providence"). Providence will remain a minority investor in Tempo and continue to work with WMG in an advisory capacity. WMG and Providence partnered to launch Tempo in 2019, combining Providence's capital and investment expertise wi
4 - Warner Music Group Corp. (0001319161) (Issuer)
4 - Warner Music Group Corp. (0001319161) (Issuer)
4 - Warner Music Group Corp. (0001319161) (Issuer)
Citigroup upgraded Warner Music Group from Neutral to Buy and set a new price target of $42.00 from $34.00 previously
Guggenheim reiterated coverage of Warner Music Group with a rating of Buy and set a new price target of $40.00 from $44.00 previously
BofA Securities downgraded Warner Music Group from Neutral to Underperform and set a new price target of $30.00 from $33.00 previously
NEW YORK, Feb. 14, 2025 (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 $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on March 4, 2025, to stockholders of record as of the close of business on February 24, 2025. About Warner Music Group 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: A
Financial Highlights Warner Music Group and Spotify Today Announced New, Multi-Year Agreement, Covering Both Recorded Music and Music PublishingMusic Publishing Delivers Continued Growth Led by Strength in Performance and DigitalOperating Cash Flow Growth of 13% with Conversion of 91%Reaffirming Full-Year Recorded Music Subscription Streaming Revenue and Operating Cash Flow Conversion GuidanceTempo Music Investment Demonstrates Disciplined M&A Strategy Focused on Accretive Opportunities For the three months ended December 31, 2024 Total revenue decreased 5%, or 4% in constant currencyNet income increased 25% to $241 million versus $193 million in the prior-year quarterOperating income dec
NEW YORK, Feb. 6, 2025 /PRNewswire/ -- Spotify and Warner Music Group (NASDAQ:WMG) today announced a new, multi-year agreement, which covers both Recorded Music and Music Publishing. Through the deal, the two companies strengthen their joint commitment to artists, songwriters, and fans, as well as the growth of the music ecosystem through innovative collaboration. WMG and Spotify will work together to shape the future of audio-visual streaming and enhance the value of music. The new deal will help deliver new fan experiences, a deeper music and video catalog, further paid subs
SCHEDULE 13G - Warner Music Group Corp. (0001319161) (Subject)
8-K - Warner Music Group Corp. (0001319161) (Filer)
SCHEDULE 13G/A - Warner Music Group Corp. (0001319161) (Subject)
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SC 13G/A - Warner Music Group Corp. (0001319161) (Subject)
SC 13G - Warner Music Group Corp. (0001319161) (Subject)
Focus on cultural impact and creative expertise New leadership empowered at Atlantic, 300 Entertainment, and 10K Projects Key moves include promotions of Lanre Gaba and Erica Bellarosa, appointment of Dave Rocco, and elevation of Craig Kallman NEW YORK, Sept. 23, 2024 /PRNewswire/ -- Today, Atlantic Music Group (AMG), part of Warner Music Group (NASDAQ:WMG), unveiled its dynamic new leadership team and structure. Designed to maximize AMG's cultural impact and strengthen its creative expertise, the changes will empower dedicated A&R and Marketing teams at Atlantic Records, 300 Entertainment, and 10K Projects. Starting October 1, Elliot Grainge assumes the role of CEO of Atlantic Music Group,
After Two Highly Successful Decades at WMG, Max Lousada Announces Decision to Step Down at End of Fiscal Year Creative Regional Leadership to Be Elevated Through Flatter Structure;Greater Impact Through Globalized Services Elliot Grainge Becomes CEO of Atlantic Music Group at Beginning of Fiscal Year 2025; Julie Greenwald to Take New Role as Chairman of Atlantic Music Group NEW YORK, August 1, 2024 /PRNewswire/ -- Warner Music Group (NASDAQ:WMG) today unveiled a dynamic new structure for its Recorded Music operations, designed to strengthen services to artists at every stage of their careers, create more direct channels between local expertise and global opportunities, and position the comp
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S