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Warner Music Group Corp.

WMG

NASDAQ

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.

27.36 USD

-0.34 (-1.24%)

Historical Prices

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About

ceo

Mr. Robert Kyncl

sector

Communication Services

industry

Entertainment

exchange

NASDAQ

Description

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...

CIK

0001319161

ISIN

US9345502036

CUSIP

934550203

Address

1633 Broadway

Phone

212 275 2000

Country

US

Employee

5,800

IPO Date

Jun 3, 2020

Financial Statement

Earnings

WMG Financial Summary

CIK

0001319161

Exchange

NASDAQ

Industry

Entertainment

Sector

Communication Servic...

CUSIP

934550203

ISIN

US9345502036

Country

US

Price

27.36

Beta

1.32

Volume Avg.

1.95M

Market Cap

14.24B

Shares

-

52-Week

27.04-36.64

DCF

6.86

ROE

-

ROA

-

Operating Margin

-

Debt/Equity

-

P/E

27.92

P/B

-

Website

https://www.wmg.com

Upgrades and Downgrades

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Latest WMG News

Davit Kirakosyan

Nov 22, 2024

Warner Music Shares Drop 7% on Q4 Earnings Miss Despite Reve...

Warner Music Group (NASDAQ:WMG) saw its shares fall more than 7% yesterday after fourth-quarter earnings that missed analyst expectations, despite slight revenue growth. The company posted adjusted earnings per share of $0.08, significantly below the Street consensus estimate of $0.28. However, revenue for the quarter reached $1.63 billion, exceeding analyst projections of $1.59 billion. Total revenue increased 2.8% year-over-year, or 2.9% in constant currency. Recorded Music revenue rose 3.6% t...

Proactive Investors

Aug 20, 2024

Rival Paramount bid emerges from former Warner Music boss

The Paramount Global takeover saga has taken a fresh twist with Edgar Bronfman Jr., the media industry veteran who previously headed Warner Music, tabling a $4.3 billion offer for a controlling stake in the business. The deal would see Bronfman take control of National Amusements, the company through which the Redstone family controls the sprawling Paramount media business.

MarketBeat

Aug 8, 2024

Big 3 Music Giant Warner: Streaming Boom Sends Shares Higher

Warner Music Group NASDAQ: WMG is in the communication services sector and is one of the “Big 3” companies in the music recording and publishing industry, including Sony Music Group and Universal Music Group OTCMKTS: UMGNF.

Zacks Investment Research

Aug 7, 2024

Warner Music Group Corp. (WMG) Q3 Earnings Beat Estimates

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.28 per share a year ago.

Proactive Investors

Aug 7, 2024

Warner Music up 4% on 'steady-as-she-goes' Q3 update

Shares in Warner Music Group Corp. were ahead 4% in premarket trading after the label's earnings matched market expectations and it reiterated guidance for the year.

GlobeNewsWire

Jul 24, 2024

Warner Music Group Corp. to Conduct Earnings Conference Call...

NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Wednesday, August 7, 2024, for the third quarter ended June 30, 2024, instead of the previously announced reporting date of August 8, 2024. The company will hold an earnings conference call that morning at 8:30 a.m. ET.

GlobeNewsWire

Jul 10, 2024

Warner Music Group Corp. to Conduct Earnings Conference Call...

NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, August 8, 2024, for the third quarter ended June 30, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET.

Yahoo Finance

Jul 8, 2024

Universal or Warner: Which music stock is the one to own?

On today's segment of Good Buy or Goodbye, host Julie Hyman is joined by BD8 Capital Partners CEO and CIO Barbara Doran to discuss her top stock pick within the music industry. Doran recommends Universal Music Group (UMG.AS) as a stock to buy.

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