Warner Music Group Corp.

NASDAQ:WMG

$32.52 USD

$0.42 (1.31%)

Volume
712.39K
Average Volume
1.57M
Market Capitalization
$16.85B
P/E Ratio
38.60
Dividend Yield
2.15%
Price Target
$37.00
Year High
$38.05
Year Low
$27.06
Payout Ratio
$0.83
Current Ratio
$0.68

Industry, Sector & symbol

Stock Exchange NASDAQ Global Select
CEO Mr. Robert Kyncl
Industry Entertainment
Sector Communication Services
Current Symbol WMG
CUSIP 934550203
CIK 0001319161
Web https://www.wmg.com
Phone 212 275 2000
Currency USD
Employees 5900
Country US

Liquidity

Debt-to-Equity Ratio 8.28
Payout Ratio 0.83
Current Ratio 0.68
Quick Ratio 0.65
Cash Ratio 0.18

Sales & Book Value

Annual Sales $6.43B
Price / Sales 2.62
Cash Flow 0.87
Price / Cash Flow 37.52
Price / Book 32.42

Price Target and Rating

Average Stock Price Forecast $37.00
High Stock Price Forecast $50.00
Low Stock Price Forecast $30.00
Forecast Upside/Downside -12.11%
Consensus Rating Sell
Rating Score(0-5) 2
Research Coverage 21 Analysts

Profitability

EPS (Most Recent Fiscal Year) $0.31
Trailing P/E Ratio 38.60
PEG Ratio 0.74
P/E Growth 0.74
Net Income $435M
Net Margin 6.77%
Pretax Margin 9.35%
Return on Equity 91.72%
Return on Assets 4.75%

Financials Score

AltmanZ Score 1.84
Piotroski Score 6.00
Working Capital -1.25B
Total Assets 9.16B
Ebit 872M
Market Cap 16.85B
Total Liabilities 8.48B

Poll Results

About Warner Music Group Corp. (NASDAQ:WMG) Stock

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, 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 related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and 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, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlop ... hone, Reprise, Roadrunner, Sire, Spinnin' Records, 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 retail outlets, 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 100,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, 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.

Downgrading Warner Music Group As Spotify And Live Nation Strike A Chord

2024-11-23 09:30:00

Warner Music Group's Q4 earnings report failed to impress, leading to a significant stock drop and highlighting concerns about its competitive position in the music industry. Despite solid revenue growth and a $100M share buyback, WMG struggles as industry peers like Spotify and Live Nation capture investor mind share. Analysts question WMG's ability to leverage pricing strategy and product innovation to boost growth, with management's responses lacking concrete, exciting plans.

These Analysts Cut Their Forecasts On Warner Music Following Q4 Earnings

2024-11-22 13:25:07

Warner Music Group Corp WMG reported downbeat fiscal fourth-quarter 2024 earnings on Thursday.

Warner Music Group Corp. (WMG) Q4 2024 Earnings Call Transcript

2024-11-21 20:33:44

Warner Music Group Corp. (NASDAQ:WMG ) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Kareem Chin - Head, Investor Relations Robert Kyncl - Chief Executive Officer Bryan Castellani - Chief Financial Officer Conference Call Participants Kutgun Maral - Evercore ISI Benjamin Swinburne - Morgan Stanley Jason Bazinet - Citi Benjamin Black - Deutsche Bank David Karnovsky - J.P. Morgan Devin Brisco - Wolfe Research James Heaney - Jefferies Batya Levi - UBS Stephen Laszczyk - Goldman Sachs Jessica Reif Ehrlich - Bank of America Securities Operator Welcome to Warner Music Group's Fourth Quarter Earnings Call for the period ended September 30, 2024.

Warner Music Group Corp. (WMG) Misses Q4 Earnings Estimates

2024-11-21 09:46:09

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.34 per share a year ago.

Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2024

2024-11-21 07:30:00

Financial Highlights Full-Year Results Reflect Healthy Performance Across Recorded Music and Music Publishing Continued Strong Growth in Subscription Streaming Underpinned by Healthy Macro Trends Music Publishing Achieves its Fourth Consecutive Year of Double-Digit Revenue Growth Delivered 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 quarter Net income was $48 million versus $154 million in prior-year quarter Adjusted OIBDA increased 11% to $353 million versus $317 million in prior-year quarter (the same in constant currency) Cash provided by operating activities decreased 10% to $304 million from $338 million in prior-year quarter For the twelve months ended September 30, 2024 Total revenue increased 6% , or 7% in constant currency Digital revenue increased 7% , or 8% in constant currency Net income was $478 million versus $439 million in prior year Adjusted OIBDA increased 16% to $1,432 million versus $1,235 million in prior year (the same in constant currency) Cash provided by operating activities increased 10% to $754 million from $687 million in prior year NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its fourth-quarter and full-year financial results for the periods ended September 30, 2024. "Our performance this quarter and this year demonstrated our strength and adaptability in a thriving, fast-moving market," said Robert Kyncl, CEO, Warner Music Group.

Frequently Asked Questions

What is the current Warner Music Group Corp. (WMG) stock price?

Warner Music Group Corp.(NASDAQ:WMG) stock price is $32.52 in the last trading session. During the trading session, WMG stock reached the peak price of $38.05 while $27.06 was the lowest point it dropped to. The percentage change in WMG stock occurred in the recent session was 1.31% while the dollar amount for the price change in WMG stock was $0.42.

WMG's industry and sector of operation?

The NASDAQ listed WMG is part of Entertainment industry that operates in the broader Communication Services sector.

Who are the executives of WMG?

Mr. Guy Moot | Co-Chair & Chief Executive Officer of Warner Chappell Music
Mr. Ariel Bardin | President of Technology
Ms. Carianne Marshall | Co-Chair & Chief Operating Officer of Warner Chappell Music
Mr. James Steven | Executive Vice President & Chief Communications Officer
Mr. Paul Martin Robinson Esq., J.D. | Executive Vice President & General Counsel

How many employees does WMG have?

Number of WMG employees currently stands at 5900. WMG operates from 1633 Broadway, New York, NY 10019, US.

Link for WMG official website?

Official Website of WMG is: https://www.wmg.com

How do I contact WMG?

WMG could be contacted at phone #212 275 2000 and can also be accessed through its website. WMG operates from 1633 Broadway, New York, NY 10019, US.

How many shares of WMG are traded daily?

The average number of WMG shares traded daily for last 3 months was 1.57M.

What is the market cap of WMG currently?

The market value of WMG currently stands at $16.85B with its latest stock price at $32.52