Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, and internationally. The company operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as the related marketing, promotion, distribution, sale, and licensing of music created by such artists. This segment also specializes in marketing its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials. It conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Elektra, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin', Warner Classics, and Warner Music Nashville. This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as online physical retailers, streaming services, and download services. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 80,000 songwriters and composers; and a range of genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, techno, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York. Warner Music Group Corp. is a subsidiary of AI Entertainment Holdings LLC.
IPO Year: 2020
Exchange: NASDAQ
Website: wmg.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/4/2025 | $32.00 | Outperform | Bernstein |
| 5/12/2025 | $28.00 | Buy → Neutral | Goldman |
| 4/21/2025 | $32.00 | Overweight → Equal-Weight | Morgan Stanley |
| 3/28/2025 | $35.00 | Sector Perform | FBN Securities |
| 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 |
NEW YORK, May 16, 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 June 3, 2025, to stockholders of record as of the close of business on May 27, 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: Atlantic
Financial Highlights Q2 Performance Driven by Revenue Growth Across Recorded Music and Music PublishingCost Savings Plans on Track, With Reinvestment Initiatives AcceleratingYear-to-Date Operating Cash Flow and Free Cash Flow Increased by 53% and 59%, Respectively For the three months ended March 31, 2025 Total revenue decreased 1%, or increased 1% in constant currencyNet income decreased 63% to $36 million versus $96 million in the prior-year quarterOperating income increased 41% to $168 million versus $119 million in the prior-year quarterAdjusted OIBDA decreased 3% to $303 million, versus $312 million in the prior-year quarter, or 1% in constant currencyCash provided by operating activ
'5 Junction' imprint focused on breaking American artists of South Asian heritage and talent from the Subcontinent in the U.S. NEW YORK, April 22, 2025 /PRNewswire/ -- Warner Music Group (NASDAQ:WMG) and entrepreneurial powerhouse Anjula Acharia are partnering to launch 5 Junction, a new JV label focused on discovering and nurturing U.S.-based artists of South Asian heritage, as well as amplifying the success of WMG's existing artists from South Asia and its diaspora. 5 Junction will collaborate closely with LA-based Warner Records, led by Tom Corson [Co-Chairman and COO] and Aaron Bay-Schuck [Co-Chairman and CEO].
Accomplished Leader from Activision Blizzard and Procter & Gamble NEW YORK, April 14, 2025 /PRNewswire/ -- Warner Music Group Corp. (NASDAQ:WMG) today announced that Armin Zerza is joining the company as Executive Vice President and Chief Financial Officer, effective May 5, reporting to CEO Robert Kyncl. Zerza brings extensive global financial, commercial, and operational leadership experience, most recently serving as CFO of Activision Blizzard, while it was traded on the NASDAQ stock exchange. At the same time, it was announced that current EVP & CFO Bryan Castellani will serve until May 5, and then act as advisor to ensure a smooth handover.
NEW YORK, April 10, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, May 8, 2025, for the second quarter ended March 31, 2025, and will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here. Once registered, you will receive an email with unique dial in details with a PIN to join the call. We suggest you call in 10 minutes prior to the start time. If you do not anticipate asking a question, we recommend joining via the webcast at www.wmg.com. The replay of the conference call will also be available via the webcast at www.wmg.com. About Warner Music GroupWarner Mus
Annual event raises funds to advance the organization's efforts to bring music education into under-served communities NEW YORK, April 3, 2025 /PRNewswire/ -- Last night, longtime Harmony Program supporter Warner Music Group (NASDAQ:WMG) and Grammy-nominated artist and philanthropist Josh Groban were honored at the organization's annual gala held at The Altman Building in Flatiron. Hosted by CBS Mornings Plus' Adriana Diaz, the festive evening celebrated the Harmony Program's momentous efforts and raised nearly $800,000 to advance their mission to bring music education into under-served communities across New York City. The night included special live performances by Groban and students from
NEW YORK, Feb. 27, 2025 (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 Thursday, March 6th, at 9:15am PT. A live webcast of the session will be available to the general public through a link on the Investor Relations homepage of Warner Music Group's website (https://investors.wmg.com/events-and-presentations/upcoming-events). A replay of the audio webcast will be available in the Past Events section of Warner Music Group's Investor Relations homepage. About Warner Music GroupWarn
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
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NEW YORK, May 16, 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 June 3, 2025, to stockholders of record as of the close of business on May 27, 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: Atlantic
Financial Highlights Q2 Performance Driven by Revenue Growth Across Recorded Music and Music PublishingCost Savings Plans on Track, With Reinvestment Initiatives AcceleratingYear-to-Date Operating Cash Flow and Free Cash Flow Increased by 53% and 59%, Respectively For the three months ended March 31, 2025 Total revenue decreased 1%, or increased 1% in constant currencyNet income decreased 63% to $36 million versus $96 million in the prior-year quarterOperating income increased 41% to $168 million versus $119 million in the prior-year quarterAdjusted OIBDA decreased 3% to $303 million, versus $312 million in the prior-year quarter, or 1% in constant currencyCash provided by operating activ
NEW YORK, April 10, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, May 8, 2025, for the second quarter ended March 31, 2025, and will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here. Once registered, you will receive an email with unique dial in details with a PIN to join the call. We suggest you call in 10 minutes prior to the start time. If you do not anticipate asking a question, we recommend joining via the webcast at www.wmg.com. The replay of the conference call will also be available via the webcast at www.wmg.com. About Warner Music GroupWarner Mus
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
NEW YORK, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, February 6, 2025, for the first quarter ended December 31, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here. Once registered, you will receive an email with the dial-in number along with your personalized pin needed to join the call. We suggest you call in 10 minutes prior to the start time. If you do not anticipate asking a question, we recommend joining via the webcast at www.wmg.com. The replay of the conference call will also be available via the webcast at www.wmg.com. About Warner Music
Financial Highlights Full-Year Results Reflect Healthy Performance Across Recorded Music and Music PublishingContinued Strong Growth in Subscription Streaming Underpinned by Healthy Macro TrendsMusic Publishing Achieves its Fourth Consecutive Year of Double-Digit Revenue GrowthDelivered Operating Cash Flow Conversion of 53% in line with Guidance For the three months ended September 30, 2024 Total revenue increased 3% (the same in constant currency)Digital revenue was flat compared to prior-year quarterNet income was $48 million versus $154 million in prior-year quarterAdjusted OIBDA increased 11% to $353 million versus $317 million in prior-year quarter (the
NEW YORK, Nov. 08, 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 $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on December 3, 2024, to stockholders of record as of the close of business on November 19, 2024. 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
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, November 21, 2024, for the fourth quarter and fiscal year ended September 30, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here. Once registered, you will receive an email with the dial-in number along with your personalized pin needed to join the call. We suggest you call in 10 minutes prior to the start time. If you do not anticipate asking a question, we recommend joining via the webcast at www.wmg.com. The replay of the conference call will also be available via the webcast at www.wmg.com.
Bernstein initiated coverage of Warner Music Group with a rating of Outperform and set a new price target of $32.00
Goldman downgraded Warner Music Group from Buy to Neutral and set a new price target of $28.00
Morgan Stanley downgraded Warner Music Group from Overweight to Equal-Weight and set a new price target of $32.00
FBN Securities initiated coverage of Warner Music Group with a rating of Sector Perform and set a new price target of $35.00
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
Wolfe Research initiated coverage of Warner Music Group with a rating of Outperform and set a new price target of $37.00
Jefferies resumed coverage of Warner Music Group with a rating of Buy and set a new price target of $38.00 from $43.00 previously
Redburn Atlantic downgraded Warner Music Group from Neutral to Sell and set a new price target of $23.00 from $21.00 previously
Accomplished Leader from Activision Blizzard and Procter & Gamble NEW YORK, April 14, 2025 /PRNewswire/ -- Warner Music Group Corp. (NASDAQ:WMG) today announced that Armin Zerza is joining the company as Executive Vice President and Chief Financial Officer, effective May 5, reporting to CEO Robert Kyncl. Zerza brings extensive global financial, commercial, and operational leadership experience, most recently serving as CFO of Activision Blizzard, while it was traded on the NASDAQ stock exchange. At the same time, it was announced that current EVP & CFO Bryan Castellani will serve until May 5, and then act as advisor to ensure a smooth handover.
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
Former Goldman Sachs & EMI Music Exec to Spearhead Company's M&A NEW YORK, June 6, 2024 /PRNewswire/ -- Michael Ryan-Southern (MRS) is being appointed by Warner Music Group (NASDAQ:WMG) to the newly created post of Executive Vice President, Corporate Development, effective August 5th. MRS, who comes to WMG with two decades of investment, finance, and music industry experience, most recently served as Global Head of Music & Live Entertainment Investment Banking at Goldman Sachs. MRS will lead all stages of M&A activity, working in partnership with WMG's leaders and departments
2022 report reaffirms commitment to ESG, including through new targets onPeople, Workplace, and DEI agendas, and the announcement of a partnership for more sustainable records NEW YORK, Jan. 26, 2023 /PRNewswire/ -- Warner Music Group (NASDAQ:WMG) today released its 2022 Environmental, Social, Governance (ESG) report. Last year, WMG became the first major music company to release a standalone ESG report, beginning to translate long-standing grassroots commitments into a more formal approach. The latest report shares progress in areas including employee experience, social impact, diversity, equity, and inclusion (DEI), and climate change, while setting new targets for 2023 and beyond.
NEW YORK, Jan. 6, 2023 /PRNewswire/ -- Lanvin Group (NYSE:LANV, the ", Group", ))), a global luxury fashion group, today announced the appointment of Ms. Ceci Kurzman as a new independent director to its Board of Directors. As a result of this appointment, the Group's Board of Directors will consist of eight members, four of whom are independent and three of whom are female. Ms. Kurzman will serve as a member of the Audit and Nominating and Corporate Governance Committees of the Board. With these appointments and certain other changes, the committees will be comprised of the f
Entrepreneurial Leader and Creator Economy Pioneer Joining from YouTube Steve Cooper to Complete Successful Tenure as Longest-Running WMG CEO on January 31 NEW YORK, Sept. 21, 2022 /PRNewswire/ -- Robert Kyncl has been appointed Chief Executive Officer of Warner Music Group Corp. (NASDAQ:WMG), effective January 1, 2023. Kyncl currently serves as Chief Business Officer at YouTube, where he's been instrumental in its phenomenal growth across all platforms. To ensure a smooth leadership transition, Kyncl and current WMG CEO Steve Cooper will serve as Co-CEOs for the month of January 2023. As of February 1, 2023, Kyncl will become sole CEO of WMG and assume Cooper's board seat on WMG's Board of
Entrepreneurial Leader and Creator Economy Pioneer Joining from YouTube Steve Cooper to Complete Successful Tenure as Longest-Running WMG CEO on January 31 NEW YORK, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Robert Kyncl has been appointed Chief Executive Officer of Warner Music Group Corp. (NASDAQ:WMG), effective January 1, 2023. Kyncl currently serves as Chief Business Officer at YouTube, where he's been instrumental in its phenomenal growth across all platforms. To ensure a smooth leadership transition, Kyncl and current WMG CEO Steve Cooper will serve as Co-CEOs for the month of January 2023. As of February 1, 2023, Kyncl will become sole CEO of WMG and assume Cooper's board s