The earnings call highlights modest revenue growth in Recorded Music and Music Publishing, strong physical sales, and significant chart success, indicating effective A&R investments and technology initiatives. However, these are balanced by declines in adjusted OIBDA, ad-supported streaming, and challenges in China, which impact overall growth expectations.

Company Guidance -

Q2 2025

During Warner Music Group's fiscal second quarter earnings call for 2025, CEO Robert Kyncl highlighted key metrics reflecting the company's performance and strategic direction. The company's revenue increased by 1%, with Recorded Music revenue and Music Publishing revenue growing by 1% and 3%, respectively. Subscription streaming within Recorded Music also saw a 3% growth. However, the total company adjusted OIBDA decreased by 1%, and the adjusted OIBDA margin shrank by 50 basis points. Kyncl emphasized the company's focus on three strategic priorities: growing market share, increasing the value of music, and improving efficiency to drive long-term growth and profitability. He noted challenges such as a lighter release schedule, market share pressure in China, and a tough year-over-year comparison in subscription streaming growth. Despite these challenges, Kyncl expressed optimism due to successful new artist signings, strong chart performances, and ongoing technological investments, such as the launch of the WMG Pulse app.

Recorded Music Revenue Growth

Recorded Music revenue increased by 1%, driven by a 3% growth in subscription streaming. This indicates resilience in a challenging market.

Music Publishing Revenue Increase

Music Publishing revenue grew by 3%, with streaming revenue up by 2% due to digital deal renewals, reflecting strong performance in the publishing segment.

Physical Revenue Increase

Physical revenue increased by 2% due to strong releases in the U.S. and Japan, showcasing the enduring appeal of physical music formats.

Chart Success and Market Share

WMG's artists hold 5 of the top 10 tracks on the Billboard global chart. The company's share on the Spotify global chart has grown nearly 50% since mid-2023, indicating effective A&R investment.

Investment in Technology

Launch of WMG Pulse app, providing real-time insights for artists and songwriters, showing investment in tech to enhance artist services.

Warner Music Group (WMG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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WMG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 12, 2025	2025 (Q3)	0.29 / -	0.289	―	―	―
May 08, 2025	2025 (Q2)	0.28 / 0.12	0.351	-65.24% (-0.23)
Feb 06, 2025	2025 (Q1)	0.34 / 0.52	0.33	57.27% (+0.19)
Nov 21, 2024	2024 (Q4)	0.29 / 0.42	0.29	45.86% (+0.13)
Aug 07, 2024	2024 (Q3)	0.27 / 0.29	0.272	6.25% (+0.02)
May 09, 2024	2024 (Q2)	0.21 / 0.35	0.06	485.00% (+0.29)
Feb 07, 2024	2024 (Q1)	0.43 / 0.33	0.204	61.76% (+0.13)
Nov 16, 2023	2023 (Q4)	0.26 / 0.29	0.318	-8.81% (-0.03)
Aug 08, 2023	2023 (Q3)	0.20 / 0.27	0.271	0.37% (<+0.01)
May 09, 2023	2023 (Q2)	0.18 / 0.06	0.184	-67.39% (-0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WMG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 08, 2025	$29.88	$27.51	-7.93%
Feb 06, 2025	$31.72	$31.37	-1.10%
Nov 21, 2024	$33.27	$30.81	-7.39%
Aug 07, 2024	$27.45	$27.98	+1.93%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.