
NASDAQCommunication ServicesEntertainment
Latest quote
$28.91
+$0.75 · +2.66%
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.
Latest quote
$28.91
+$0.75 · +2.66%
After-hours
$28.2557
−$0.6543 · -2.26%
Oct 8, 7:34 PM ET
Regular session · ET · Market data may be delayed.
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.
Day range
Current $28.91
52-week range
Current $28.91
Regular session · ET · Market data may be delayed.
GoAI Score
Buy
Valuation
77
Undervalued
Sentiment
75
Bullish
Risk
36
Moderate Risk
Momentum
35
Weakening
Full GoAI research
Thesis, catalysts, evidence, and risk analysis.
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.
Day range
Current $28.91
52-week range
Current $28.91
Profitability as a percentage of reported revenue.
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 6.71B USD | 6.43B USD | 6.04B USD | 5.92B USD | 5.3B USD |
| Cost of goods sold | 3.63B USD | 3.36B USD | 3.18B USD | 3.08B USD | 2.74B USD |
| Gross profit | 3.08B USD | 3.07B USD | 2.86B USD | 2.84B USD | 2.56B USD |
| Selling, general, and administrative | 1.71B USD | 1.78B USD | 1.74B USD | 1.79B USD | 1.72B USD |
| Operating expenses | 2.38B USD | 2.25B USD | 2.07B USD | 2.13B USD | 1.95B USD |
| Interest expense | 159M USD | 161M USD | 141M USD | 125M USD | 122M USD |
| Depreciation and amortization | 376M USD | 327M USD | 332M USD | 339M USD | 306M USD |
| Operating income | 694M USD | 823M USD | 790M USD | 714M USD | 609M USD |
| Net income | 365M USD | 435M USD | 430M USD | 551M USD | 304M USD |
Company facts updated Oct 9, 2026.
Recent quarterly results
Recent quarterly results
Third-party consensus; not a GoAI recommendation.
Average target
$39.50
36.63% upsideCash distributions grouped by calendar year; partial years are marked.
$0.74
2025 complete year+37.0% since 2021
2026 partial: $0.58
$0.54
2,021
$0.62
2,022
$0.66
2,023
$0.70
2,024
$0.74
2,025
$0.58
2,026*
* Partial calendar year in the available dividend history.
| Action | Ex-dividend date | Details | Record date | Payment date |
|---|---|---|---|---|
Dividend | Aug 20, 2026 | $0.20Quarterly | Aug 20, 2026 | Sep 1, 2026 |
Dividend | May 26, 2026 | $0.19Quarterly | May 26, 2026 | Jun 2, 2026 |
Dividend | Feb 18, 2026 | $0.19Quarterly | Feb 18, 2026 | Mar 3, 2026 |
Dividend | Nov 19, 2025 | $0.19Quarterly | Nov 19, 2025 | Dec 2, 2025 |
Dividend | Aug 20, 2025 | $0.19Quarterly | Aug 20, 2025 | Sep 3, 2025 |
Dividend | May 27, 2025 | $0.18Quarterly | May 27, 2025 | Jun 3, 2025 |
Ex-dividend Aug 20, 2026
$0.20
Quarterly
Record Aug 20, 2026 · Payment Sep 1, 2026
Ex-dividend May 26, 2026
$0.19
Quarterly
Record May 26, 2026 · Payment Jun 2, 2026
Ex-dividend Feb 18, 2026
$0.19
Quarterly
Record Feb 18, 2026 · Payment Mar 3, 2026
Ex-dividend Nov 19, 2025
$0.19
Quarterly
Record Nov 19, 2025 · Payment Dec 2, 2025
Ex-dividend Aug 20, 2025
$0.19
Quarterly
Record Aug 20, 2025 · Payment Sep 3, 2025
Ex-dividend May 27, 2025
$0.18
Quarterly
Record May 27, 2025 · Payment Jun 3, 2025
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Morningstar Total Stock Market ETFVTI124.47M0.01%2.3T USD0.03%$379.56-0.39%
Vanguard Morningstar Small-Cap ETFVB90.2M0.05%185.3B USD0.03%$287.63+0.23%
Vanguard Morningstar Small-Cap Growth ETFVBK51.86M0.11%44.7B USD0.05%$340.59-0.48%
Vanguard Extended Market ETFVXF47.95M0.05%95.4B USD0.05%$233.13-0.15%
State Street SPDR S&P MIDCAP 400 ETF TrustMDY31.51M0.12%25.98B USD0.23%$666.26+0.35%
State Street SPDR Portfolio S&P 400 Mid Cap ETFSPMD22.59M0.12%18.47B USD0.03%$63.97+0.33%
Schwab U.S. Small-Cap ETFSCHA21.92M0.10%21.7B USD0.03%$32.66+0.15%
Rockefeller U.S. Small-Mid Cap ETFRSMC20.25M2.73%741.28M USD0.75%$27.5146+0.03%
Vanguard Morningstar Total Stock Market ETFVTI
Vanguard Morningstar Small-Cap ETFVB
Vanguard Morningstar Small-Cap Growth ETFVBK
Vanguard Extended Market ETFVXF
State Street SPDR S&P MIDCAP 400 ETF TrustMDY
State Street SPDR Portfolio S&P 400 Mid Cap ETFSPMD
Schwab U.S. Small-Cap ETFSCHA
Rockefeller U.S. Small-Mid Cap ETFRSMCAI-generated and delayed market data for informational and educational purposes only. Not investment advice.