Inside the research
Warner Music Group Corp.
WMG Research profile · latest available data
Price overview
$27.14
▼ -0.15 (-0.5%)
| 52w hi | $34.31 |
|---|---|
| 52w lo | $23.35 |
| Vol | 1.50M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.10
| Short | +0.04 |
|---|---|
| Medium | +0.13 |
| Long | +0.17 |
computed 2026-09-27
Key fundamentals
Warner Music Group Corp.
Communication Services · Entertainment
| Market cap | $14.20B |
|---|---|
| Enterprise value | $18.73B |
| Trailing P/E | 21.71x |
| Forward P/E | 13.77x |
| EV / EBITDA | 11.20x |
| P / S (ttm) | 1.94x |
| Profit margin | 9.2% |
| Return on equity | 70.1% |
| Revenue growth | +10.4% |
| Debt / equity | 452.95 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.26 | |
| Sector | +0.03 | |
| Technical | +0.02 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The company is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials. It also owns and acquires rights to approximately two million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions, as well as administers the music and soundtracks of various third-party television and film producers and studios. In addition, the company conducts its operation primarily through a collection of record labels, such as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Nonesuch, Parlophone, Reprise, Sire, Spinnin' Records, and Warner Classics and Warner Records Nashville. Further, it 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. Its catalog includes songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, alternative, blues, gospel, and other Christian music. The company was founded in 1929 and is headquartered in New York, New York.
Risk Metrics
| Beta vs SPX | 0.55 |
|---|---|
| Corr SPX | 0.29 |
| Annual vol | 30.5% |
| Annual ret | -1.1% |
| Sharpe | -0.03 |
| Max DD | -34.8% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $38.12 |
|---|---|
| High / Low | $46.00 / $23.00 |
| Median | $39.00 |
| Analysts | 17 |
| Strong Buy | 3 | |
|---|---|---|
| Buy | 10 | |
| Hold | 4 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-08 | UBS | → Buy |
| 2026-05-08 | JP Morgan | → Overweight |
| 2026-05-08 | Guggenheim | → Buy |
| 2026-05-08 | Evercore ISI Group | → Outperform |
| 2026-04-21 | Morgan Stanley | → Overweight |
| 2026-03-31 | Guggenheim | → Buy |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Other Material Event… | read |
| 2026-08-03 | Earnings Release, Reg FD Disclosure… | read |
| 2026-07-31 | Officer / Director Change, Exhibits | read |
| 2026-05-07 | Earnings Release, Exhibits | read |
| 2026-03-11 | Material Agreement, Material Obligation… | read |
| 2026-03-06 | Shareholder Vote | read |
| 2026-03-03 | Reg FD Disclosure, Exhibits | read |
| 2026-02-05 | Earnings Release, Exhibits | read |
| 2026-02-05 | Material Agreement | read |
| 2025-12-01 | Officer / Director Change | read |
| 2025-11-20 | Earnings Release, Exhibits | read |
| 2025-11-07 | Other Material Event, Exhibits | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 80.6% |
| HHI | 1,533 (moderate) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $73.14M | 2.70M |
| Fidelity / FMR LLC | $68.09M | 2.52M |
| AQR Capital Management | $64.53M | 2.44M |
| Capital Research / Capital World | $51.23M | 1.89M |
| Millennium Management | $43.47M | 1.61M |
| Citadel Advisors | $40.40M | 1.49M |
| Renaissance Technologies | $32.12M | 1.19M |
| T. Rowe Price Group | $2.21K | 81.47K |
As of 2026-06-30
Dividends
| Yield (TTM) | 1.40% |
|---|---|
| $ / share (TTM) | $0.38 |
| 5y CAGR | +25.3% |
Annual dividend per share
| 2021 | $0.54 |
|---|---|
| 2022 | $0.62 |
| 2023 | $0.66 |
| 2024 | $0.70 |
| 2025 | $0.74 |
| 2026 | $0.19 |
SEC Filings
The Long Run
FY 2012–2025 · 14 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $6.04B | +6.7% | |
| Operating income | $694.00M | +28.4% | |
| Net income | $430.00M | +84.2% | |
| Cash from ops | $687.00M | +16.0% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $27.07 | $27.41 | $26.89 | $27.14 | 1.50M |
| Sep 24 | $27.08 | $27.45 | $26.87 | $27.29 | 1.43M |
| Sep 23 | $27.13 | $27.53 | $26.95 | $27.16 | 1.19M |
| Sep 22 | $27.95 | $28.09 | $27.26 | $27.39 | 1.44M |
| Sep 21 | $28.08 | $28.25 | $27.47 | $27.69 | 2.41M |
Understand the score. Research layers are inputs to a model, and the available data has limits.
Read the methodology →