Warner Music Group Corp.(WMG) Stock Research - Grey Stern Research
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Warner Music Group Corp. (WMG) Stock Analysis

$32.07 (-0.56%)

WMG Financial Performance


Use the table below to view Warner Music Group Corp.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $32.21 -
52 Week Low $27.06 -
52 Week High $38.05 -
Market Cap $16.7 Billion 4/11
Gross Margin 41% 5/11
Profit Margin 9% 6/11
EBITDA margin 20% 3/11
Q3 - 2024 Revenue $1.6 Billion 4/11
Q3 - 2024 Earnings $137.0 Million 2/11
Q3 - 2024 Free Cash Flow $117.0 Million 4/11
Trailing 4 Quarters Revenue $6.4 Billion 4/11
Trailing 4 Quarters Earnings $544.0 Million 5/11
Quarterly Earnings Growth 12% 5/11
Annual Earnings Growth 143% 8/11
Quarterly Revenue Growth -1% 10/11
Annual Revenue Growth 11% 5/11
Cash On Hand $607.0 Million 6/11
Short Term Debt $43.0 Million 7/11
Long Term Debt $4.0 Billion 2/11

Warner Music Group Corp. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Warner Music Group Corp.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 30.67 6/11
PS 2.61 5/11
PB 26.27 1/11
PC 27.48 1/11
Liabilities to Equity 16.97 1/11
ROA 0.06 5/11
ROE 1.13 1/11
Current Ratio 1.08 10/11
Quick Ratio 0.07 9/11
Long Term Debt to Equity 8.24 1/11
Debt to Equity 8.81 1/11
Burn Rate 18.47 4/11
Cash to Cap 0.04 9/11
CCR 0.85 6/11
EV to EBITDA 63.93 7/11
EV to Revenue 3.19 5/11

Company Details

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, Parlophone, 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.

CEO: Mr. Stephen Forbes Cooper

Website: https://www.wmg.com

Address: 1633 Broadway New York City, NEW YORK

Exchange: NASDAQ Global Select

Industry: Entertainment

Warner Music Group Corp. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Warner Music Group Corp.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Fox Corporation FOX $19.3 Billion
News Corporation NWS $16.3 Billion
Formula One Group FWONK $24.3 Billion
News Corporation NWSA $16.2 Billion
The Liberty Braves Group BATRK $2.5 Billion
World Wrestling Entertainment, Inc. WWE $8.4 Billion
Formula One Group FWONA $24.2 Billion
The Marcus Corporation MCS $660.9 Million
The Liberty Braves Group BATRA $2.5 Billion
Madison Square Garden Sports Corp. MSGS $5.2 Billion
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Income Statement
Balance Sheet
Cash Flow Statement
WMG Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 1.6 Billion $137.0 Million
Q2 2024 $ 1.5 Billion $96.0 Million
Q1 2024 $ 1.7 Billion $159.0 Million
Q4 2023 $ 1.6 Billion $152.0 Million
Q3 2023 $ 1.6 Billion $122.0 Million
Q2 2023 $ 1.4 Billion $34.0 Million
Q1 2023 $ 1.5 Billion $122.0 Million
Q4 2022 $ 1.5 Billion $148.0 Million

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WMG Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $607.0 Million $8.8 Billion $4.3 Billion $635.0 Million
Q2 2024 $587.0 Million $8.7 Billion $4.3 Billion $585.0 Million
Q1 2024 $754.0 Million $9.0 Billion $4.3 Billion $616.0 Million
Q4 2023 $641.0 Million $8.5 Billion $4.3 Billion $430.0 Million
Q3 2023 $600.0 Million $8.2 Billion $4.3 Billion $281.0 Million
Q2 2023 $601.0 Million $8.0 Billion $4.3 Billion $252.0 Million
Q1 2023 $720.0 Million $8.1 Billion $4.2 Billion $270.0 Million
Q4 2022 $584.0 Million $7.8 Billion $4.0 Billion $152.0 Million

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WMG Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $117.0 Million -$69.0 Million $20.0 Million
Q2 2024 -$80.0 Million -$49.0 Million -$167.0 Million
Q1 2024 $205.0 Million -$88.0 Million $113.0 Million
Q4 2023 $300.0 Million -$38.0 Million $41.0 Million
Q3 2023 $102.0 Million -$44.0 Million -$1.0 Million
Q2 2023 -$50.0 Million -$44.0 Million -$119.0 Million
Q1 2023 $155.0 Million -$54.0 Million $136.0 Million
Q4 2022 $355.0 Million -$51.0 Million $239.0 Million

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