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
Vol1.50M
As of25 Sep 2026

The Verdict

Hold

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/E21.71x
Forward P/E13.77x
EV / EBITDA11.20x
P / S (ttm)1.94x
Profit margin9.2%
Return on equity70.1%
Revenue growth+10.4%
Debt / equity452.95

Layer Breakdown

LayerRawContribution
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.

United States · www.wmg.com

Risk Metrics

Beta vs SPX0.55
Corr SPX0.29
Annual vol30.5%
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
Analysts17
Strong Buy3
Buy10
Hold4
Sell0
Strong Sell0

Recent rating actions

2026-05-08UBS→ Buy
2026-05-08JP Morgan→ Overweight
2026-05-08Guggenheim→ Buy
2026-05-08Evercore ISI Group→ Outperform
2026-04-21Morgan Stanley→ Overweight
2026-03-31Guggenheim→ Buy

Material Events

DateEvent8-K
2026-08-05Earnings Release, Other Material Event…read
2026-08-03Earnings Release, Reg FD Disclosure…read
2026-07-31Officer / Director Change, Exhibitsread
2026-05-07Earnings Release, Exhibitsread
2026-03-11Material Agreement, Material Obligation…read
2026-03-06Shareholder Voteread
2026-03-03Reg FD Disclosure, Exhibitsread
2026-02-05Earnings Release, Exhibitsread
2026-02-05Material Agreementread
2025-12-01Officer / Director Changeread
2025-11-20Earnings Release, Exhibitsread
2025-11-07Other Material Event, Exhibitsread

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders8
Top-5 share80.6%
HHI1,533 (moderate)

Top Holders

HolderValueShares
State Street Corp$73.14M2.70M
Fidelity / FMR LLC$68.09M2.52M
AQR Capital Management$64.53M2.44M
Capital Research / Capital World$51.23M1.89M
Millennium Management$43.47M1.61M
Citadel Advisors$40.40M1.49M
Renaissance Technologies$32.12M1.19M
T. Rowe Price Group$2.21K81.47K

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

DateFormDoc
2026-08-113view
2026-08-073view
2026-08-0510-Qview
2026-08-058-Kview
2026-08-038-Kview
2026-07-318-Kview
2026-06-044view
2026-06-044view
2026-06-044view
2026-06-044view
2026-06-044view
2026-06-044view
2026-05-264view
2026-05-184view
2026-05-0710-Qview

The Long Run

FY 2012–2025 · 14 years

LineLatestCAGRTrend
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

S&P MidCap 400

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$27.07$27.41$26.89$27.141.50M
Sep 24$27.08$27.45$26.87$27.291.43M
Sep 23$27.13$27.53$26.95$27.161.19M
Sep 22$27.95$28.09$27.26$27.391.44M
Sep 21$28.08$28.25$27.47$27.692.41M

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