Warner Music Group Corp. (WMG)
NASDAQ:WMG
Want to see WMG full AI Analyst Report?
WMG Stock Chart & Stats
$30.25
-$1.46(-4.69%)
At close: 4:00 PM EST
$30.25
-$1.46(-4.69%)
Day’s Range― - ―
52-Week Range$23.34 - $35.42
Previous CloseN/A
Volume1.85M
Average Volume (3M)2.85M
Market Cap
$15.03B
Enterprise Value$19.08B
Total Cash (Recent Filing)$741.00M
Total Debt (Recent Filing)$4.94B
Price to Earnings (P/E)32.8
Beta0.95
Next Earnings
Aug 11, 2026EPS Estimate
0.35Next Dividend Ex-DateN/A
Dividend Yield2.47%
Share Statistics
EPS (TTM)0.87
Shares Outstanding146,235,210
10 Day Avg. Volume2,196,597
30 Day Avg. Volume2,850,477
Financial Highlights & Ratios
PEG Ratio-3.09
Price to Book (P/B)27.32
Price to Sales (P/S)2.64
P/FCF Ratio32.80
Enterprise Value/Market Cap1.27
Enterprise Value/Revenue2.68
Enterprise Value/Gross Profit5.84
Enterprise Value/Ebitda15.21
Forecast
1Y Price Target
$38.40Price Target Upside26.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)1.42
Revenue Forecast (FY)$7.28B
Bulls Say, Bears Say
Bulls Say
Cash GenerationConsistent high cash conversion and TTM free cash flow strength provide durable internal funding for catalog buys, dividends, buybacks and strategic investments. Reliable cash generation supports capital allocation and reduces dependence on external funding over the next several quarters.
Streaming-driven Revenue GrowthBroad-based, double-digit streaming growth reflects structural demand for digital consumption and WMG's ability to capture share. Sustained subscription and ad-supported streaming expansion underpin predictable top-line growth and scalable revenue as streaming remains the industry’s primary monetization channel.
Large Catalog Scale And MonetizationA deep, monetizable catalog delivers recurring, long-tail streaming and publishing royalties. Size and demographic reactivation examples show catalogs drive steady cash flows, support JV catalog acquisitions and provide durable diversification versus frontline release timing.
Bears Say
Material Net LeverageA meaningful net debt position limits financial flexibility and raises refinancing and covenant sensitivity risk. With elevated leverage, management’s ability to fund M&A or absorb downturns without heavier reliance on cash flow or asset sales is constrained over the medium term.
Compressed Operating MarginsSubstantially lower EBIT margins versus historical norms suggest structural cost, mix or pricing pressure. Sustained margin compression would impair cash flow generation and return targets, making achievement of guidance and durable profitability improvements more challenging.
Growth Partly Driven By Pricing And Easy CompsA material portion of recent growth stems from price increases and favorable comparables rather than purely higher consumption. This raises the risk that sustaining high single-digit revenue growth requires ongoing pricing or market-share gains, which may be harder to replicate consistently.
Warner Music Group News
WMG FAQ
What was Warner Music Group Corp.’s price range in the past 12 months?
Warner Music Group Corp. lowest stock price was $23.34 and its highest was $35.42 in the past 12 months.
What is Warner Music Group Corp.’s market cap?
Warner Music Group Corp.’s market cap is $15.03B.
When is Warner Music Group Corp.’s upcoming earnings report date?
Warner Music Group Corp.’s upcoming earnings report date is Aug 11, 2026 which is in 54 days.
How were Warner Music Group Corp.’s earnings last quarter?
Warner Music Group Corp. released its earnings results on May 07, 2026. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.267 by $0.073.
Is Warner Music Group Corp. overvalued?
According to Wall Street analysts Warner Music Group Corp.’s price is currently Undervalued.
Does Warner Music Group Corp. pay dividends?
Warner Music Group Corp. pays a Quarterly dividend of $0.19 which represents an annual dividend yield of 2.47%. See more information on Warner Music Group Corp. dividends here
What is Warner Music Group Corp.’s EPS estimate?
Warner Music Group Corp.’s EPS estimate is 0.35.
How many shares outstanding does Warner Music Group Corp. have?
Warner Music Group Corp. has 146,235,210 shares outstanding.
What happened to Warner Music Group Corp.’s price movement after its last earnings report?
Warner Music Group Corp. reported an EPS of $0.34 in its last earnings report, beating expectations of $0.267. Following the earnings report the stock price went up 7.474%.
Which hedge fund is a major shareholder of Warner Music Group Corp.?
Currently, no hedge funds are holding shares in WMG
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Warner Music Group Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$38.40 (26.94% Upside)
$38.40 (26.94% Upside)
Blogger Sentiment
Bullish
WMG Sentiment 70%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Increased
By 3.8M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.0%
Last 30 Days ▲ 15.4%
Last 30 Days ▲ 15.4%
Technicals
SMA
Positive
20 days / 200 days
Momentum
9.94%
12-Months-Change
Fundamentals
Return on Equity
67.11%
Trailing 12-Months
Asset Growth
10.91%
Trailing 12-Months
Company Description
Warner Music Group Corp.
Warner Music Group Corp. (WMG), established in 1929 and based in New York City, functions as a prominent global entertainment enterprise primarily focused on music. Its operations span the United States, the United Kingdom, Germany, and numerous other international markets. The company's activities are organized into two distinct divisions: Recorded Music and Music Publishing. The Recorded Music division is dedicated to identifying and cultivating emerging musical talent. It handles the subsequent marketing, promotional campaigns, distribution logistics, sales, and licensing of the recordings produced by these artists. This segment also actively markets its vast catalog of existing music, issuing compilations, re-releases of classic tracks and videos, and previously unreleased material. Its operations are chiefly conducted through a diverse portfolio of renowned record labels, including but not limited to Warner Records, Atlantic Records, Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. Music and video products are distributed and sold by this division to a wide array of channels, encompassing direct retailers, wholesale distributors, independent labels, various distribution centers and joint ventures, physical retail locations, online stores, streaming platforms, and digital download services. The Music Publishing division is responsible for owning and acquiring the intellectual property rights to approximately one million musical compositions. This extensive collection includes iconic pop hits, American classics, folk melodies, and scores for motion pictures and theatrical productions. Its comprehensive catalog represents the work of roughly 100,000 songwriters and composers, covering an expansive spectrum of musical styles such as pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. Furthermore, this segment provides administrative services for the musical scores and soundtracks associated with various external television and film production companies and studios.
WMG Company Deck
WMG Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented strong financial and operational momentum: double-digit revenue growth, 24% adjusted OIBDA growth, meaningful margin expansion (~230 bps), large improvements in adjusted net income and cash flow, broad-based streaming and physical growth, catalog monetization progress, and strategic AI and distribution initiatives. Challenges were relatively limited and included APAC underperformance, an uneven ad environment across partners, a meaningful debt load (net debt $4.0B), and the fact that some growth was aided by pricing and easier comps. Several strategic initiatives (catalog JV deployments, Revelator acquisition, AI licensing like Suno) are positioned to drive future upside but have limited current-quarter contribution. Overall, positives substantially outweigh the negatives.View all WMG earnings summariesWMG Stock 12 Month Forecast
Average Price Target
$38.40
▲(26.94% Upside)
Technical Analysis
Ownership Overview
1.65% Insiders
23.32% Mutual Funds
45.04% Other Institutional Investors
12.43% Public Companies and
Individual Investors