Warner Music Group

Warner Music Group Corp. engages in the publishing and recording of music. It operates through the Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the sale, marketing, distribution, and licensing of recorded music produced by the company's recording artists. The Music Publishing segment acts as a copyright owner and/or administrator of the musical compositions and generates revenues related to the exploitation of musical compositions. The company was founded on November 21, 2003 and is headquartered in New York, NY.

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Warner Music Group reports Q1 growth amidst challenges and opportunities

Despite industry challenges, Warner Music Group remains confident in its future growth prospects. The company's strategic focus on technology, data, and diversification in Music Publishing are key drivers of resilience and potential growth.

Warner Music Group reports Q2 growth, eyes tech and global markets

Warner Music Group showed solid revenue and OIBDA growth, with a focus on tech and talent partnerships.
Despite challenges in Recorded Music, the company is optimistic about upcoming releases.
Efforts to optimize cost structure and invest in tech capabilities are underway.
Exploring new revenue models and market expansions to drive future growth.

Warner Music Group reports strong Q3 performance and eyes growth

Warner Music Group's Q3 2023 performance showcased revenue growth, market share momentum, and strategic initiatives driving innovation and revenue optimization across Recorded Music and Music Publishing segments.
The company's strengths in artist successes, value creation efforts, and AI-driven initiatives position it well for future growth, while challenges in marketing spend sustainability and revenue management require ongoing strategic focus.
Opportunities in expanding revenue streams through partnerships, leveraging AI for music creation, and capitalizing on streaming growth trends present avenues for Warner Music Group to drive innovation, enhance fan engagement, and maximize revenue potential.

Warner Music Group reports strong Q4 performance and eyes industry growth opportunities

Warner Music Group's Q4 performance reflects steady growth in revenue and adjusted OIBDA, supported by successes in recorded music and music publishing segments.
The company's strengths lie in its industry presence, focus on innovation, and strategic partnerships, while challenges include optimizing pricing strategies and partnership renewals.
Opportunities for WMG include industry optimism, investment in growth areas, and strategic acquisitions to drive future value creation and market leadership.
Overall, Warner Music Group's performance and strategic initiatives position it well for continued growth and success in the evolving music industry landscape.

Warner Music Group reports robust Q1 growth and strategic cost-saving plan

Warner Music Group's Q1 2024 earnings call highlighted strong financial performance, strategic cost-saving measures, and a focus on sustainable growth. The company's emphasis on artist development, leadership strength, and tech capabilities bode well for future success despite facing challenges in the evolving music industry landscape.

Warner Music Group reports solid Q2 growth and eyes global expansion

Warner Music Group's Q2 performance reflects revenue growth across Recorded Music and Music Publishing, driven by streaming and new artist signings, showcasing a strong market presence.
Despite margin variability and industry challenges, WMG's strategic strengths in content creation, global expansion, and artist development position it well for long-term success and growth.
The company's focus on innovation, market diversification, and revenue optimization presents opportunities for sustained growth and competitive positioning in the evolving music industry landscape.

Warner Music Group reports Q3 revenue growth, faces ad revenue challenges

Warner Music Group delivered a mixed performance in Q3 2024, with revenue growth driven by music publishing while recorded music faced a slight decline. Strong cash flow and operational efficiency were notable strengths, but challenges in ad-supported revenue and organizational changes in the recorded music business are areas to monitor. The company's focus on artist development and the growth in music publishing revenue offer promising opportunities for future growth.

Warner Music Group posts strong Q4 results, eyes growth opportunities

Warner Music Group's Q4 2024 earnings call showcased robust financial performance, strategic initiatives, and creative successes, underpinning its position as a leading player in the music industry.
While facing challenges such as industry dynamics and technology infrastructure, WMG remains focused on subscriber growth, pricing optimization, and market share expansion to drive future growth and profitability.
With a clear roadmap for growth, a diversified revenue mix, and a commitment to operational excellence, WMG is poised to capitalize on opportunities in subscription streaming, global expansion, and market innovation.

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Shares of Warner Music Group Corp. WMG, -0.54% leapt 2.6% toward a nine-month high after the music recorder and publisher beat fiscal fourth-quarter earnings expectations, as results were boosted by a “solid” release slate and strength in recorded music streaming growth. Net income for the quarter to Sept.

Warner Music Group stock jumps after earnings beat expectations, amid strength in recorded music streaming

Financial Highlights Eclipsed $6 billion of total revenue for the first time in WMG's history Acceleration in Q4 Streaming Growth Driven by Release Slate and Ad-Supported Improvement Continued Strength in Music Publishing with Double-Digit Revenue Growth for the Quarter and Full Year Strong Margin Expansion Outperformed Full-Year Expectations Achieved Robust Full-Year Operating Cash Flow Conversion of 56% in Line with Target For the three months ended September 30, 2023 Total revenue increased 6% , or 5% in constant currency Digital revenue increased 8% , or 7% in constant currency Net income was $154 million versus $150 million in the prior-year quarter OIBDA increased 19% to $291 million versus $245 million in the prior-year quarter or 17% in constant currency Adjusted OIBDA increased 20% to $317 million versus $265 million in the prior-year quarter or 18% in constant currency Cash from operating activities decreased 17% to $338 million from $406 million in the prior-year quarter For the twelve months ended September 30, 2023 Total revenue increased 2% , or 4% in constant currency Digital revenue increased 3% , or 5% in constant currency Net income was $439 million versus $555 million in the prior year OIBDA increased 7% to $1,122 million versus $1,053 million in the prior year or 10% in constant currency Adjusted OIBDA increased 7% to $1,235 million versus $1,149 million in the prior year or 10% in constant currency Cash provided by operating activities decreased 7% to $687 million from $742 million in the prior year NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its fourth-quarter and full-year financial results for the periods ended September 30, 2023. “We delivered on our promise of second-half improvement, and reached over $6 billion in annual revenue for the first time in WMG's history,” said Robert Kyncl, CEO, Warner Music Group.

Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2023

Warner Music Group announced its plans to produce an AI-generated Edith Piaf biopic as Hollywood grapples with the technology.

As Hollywood reckons with AI, Warner Music will use the tech to make an Edith Piaf biopic

IMAX

Investors with an interest in Film and Television Production and Distribution stocks have likely encountered both Imax (IMAX) and Warner Music Group Corp. (WMG). But which of these two stocks offers value investors a better bang for their buck right now?

IMAX vs. WMG: Which Stock Is the Better Value Option?

Warner Music Group Corp. (WMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Warner Music Group Corp. (WMG) Q4 Earnings Expected to Decline

SYDNEY & SAN FRANCISCO--(BUSINESS WIRE)--Today, Canva launched its popular music library to provide access to chart-topping, commercially released songs for personal use in Canva designs.

Canva Launches Popular Music Library to Supercharge Content Creation in Partnership with Warner Music Group, Merlin and More

Warner Music Group is the world's third largest pure-play music content company with a long-term track record of delivering robust operating performance. I rate shares with a "Hold" rating and a fair value of $30.84/share. A total Debt/EBITDA ratio of 4.07x is considered one of the red flags for a potential rating downgrade by Moody's.

Warner Music Group: Not Enough Margin Of Safety

NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, November 16, 2023, for the fourth quarter and fiscal year ended September 30, 2023, and will hold an earnings conference call that morning at 8:30 a.m. ET.

Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, November 16, 2023

COPENHAGEN, DENMARK / ACCESSWIRE / October 11, 2023 / Linkfire (STO:LINKFI) Linkfire has, on 11 October 2023, renewed the agreement for providing its Saas Marketing Platform to Warner Music Group globally. As one of the world's largest record labels, Warner Music Group has been an important partner to Linkfire for over half a decade.

Linkfire A/S renews agreement with Warner Music Group

NEW YORK , Oct. 10, 2023 /PRNewswire/ -- Warner Music Group (Nasdaq: WMG) announced today that Carletta Higginson has joined the company as Executive Vice President, Chief Digital Officer, effective October 16. An accomplished media executive and music rights expert, Higginson joins WMG after a decade at Google, where she worked in business development and legal roles, across both music publishing and recorded music, most recently as Global Head of Music Publishing at YouTube and Google Play.

WARNER MUSIC GROUP NAMES CARLETTA HIGGINSON EVP, CHIEF DIGITAL OFFICER

Warner Music Group (NASDAQ:WMG) stock is higher today, after UBS upgraded the shares to "buy" from "neutral" and hiked its price target hike to $37 from $34.

Warner Music Stock Rises on Upgrade

News Corp

Film and television production and distribution companies like WMG, NWSA, LGF.A and IMAX are benefiting from higher consumption of digital entertainment and a recovering ad spending environment.

4 Stocks to Watch From a Prospering Entertainment Industry

The U.S. Supreme Court on Friday agreed to clarify the time period for which plaintiffs can recover damages over copyright claims in a case involving a Miami music producer who sued Warner Music's Atlantic Records label after hip-hop artist Flo Rida made use of a 1980s song that he claims he owns.

US Supreme Court to hear Warner Music case on limits to copyright damages

Warner Music CEO Robert Kyncl believes AI will be significantly impacting the music industry within the next year.

Warner Music CEO Robert Kyncl says AI to impact the music industry within the next year

Dynamic leader joins from The Walt Disney Company with experience including Disney Entertainment, ESPN, and The Walt Disney Company Japan NEW YORK , Sept. 19, 2023 /PRNewswire/ -- Warner Music Group Corp. (Nasdaq: WMG) today announced that Bryan Castellani is joining the company as Executive Vice President and Chief Financial Officer, effective October 16.

BRYAN CASTELLANI APPOINTED CHIEF FINANCIAL OFFICER FOR WARNER MUSIC GROUP

Trailblazing label has discovered chart-topping artists including Trippie Redd, Ice Spice, Iann Dior & Internet Money Next generation team behind 30 platinum-certified hits to benefit from WMG's investment while growing entrepreneurial culture NEW YORK , Sept. 5, 2023 /PRNewswire/ -- Warner Music Group (Nasdaq: WMG) has entered into a joint venture with 10K Projects, the groundbreaking Los Angeles-based label founded in 2016 by Elliot Grainge.

WARNER MUSIC GROUP AND ELLIOT GRAINGE'S 10K PROJECTS ANNOUNCE JOINT VENTURE

Warner Music Group Corp. reported better-than-expected financial results for fiscal Q3 2023. The company operates as a music publisher and promoter worldwide. I have concerns about the prospect of lower consumer spending and the end of student loan payment moratoriums.

Warner Music Group Faces Slower Growth Ahead

Warner Music Group's (WMG) podcast network, Interval Presents, brings Alexandra Shipp and Jason Derulo together for the new romantic thriller podcast, Underwater.

Warner Music Group (WMG) Introduces Podcast, Underwater

NEW YORK, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that Robert Kyncl, Chief Executive Officer, will participate in a question and answer session during the Goldman Sachs Communacopia + Technology Conference on Wednesday, September 6th, at 8:10 a.m. PT.

Warner Music Group Corp. to Participate in the Goldman Sachs Communacopia + Technology Conference

Warner Music Group Corp. (NASDAQ:WMG ) Q3 2023 Results Conference Call August 8, 2023 8:30 AM ET Company Participants Kareem Chin - Head of IR Robert Kyncl - CEO Eric Levin - CFO Conference Call Participants Benjamin Swinburne - Morgan Stanley Michael Morris - Guggenheim Securities Batya Levi - UBS KutgunMaral - Evercore ISI Benjamin Black - Deutsche Bank Douglas Creutz - Cowen & Company Sebastiano Petti - JPMorgan Matthew Thornton - Truist Securities Stephen Laszczyk - Goldman Sachs Operator Welcome to Warner Music Group's Third Quarter Earnings Call for the period ended June 30, 2023. At the request of Warner Music Group, today's call is being recorded for replay purposes, and if you object, you may disconnect at any time.

Warner Music Group Corp. (WMG) Q3 2023 Earnings Call Transcript

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.24 per share a year ago.

Warner Music Group Corp. (WMG) Surpasses Q3 Earnings and Revenue Estimates

Warner Music Group Corp's shares jumped in pre-market trading as it beat Street expectations and backed full-year margin guidance after reporting a healthy rise in financial third quarter revenue. The entertainment and record label conglomerate said revenue in the quarter to June 30 rose 9% to $1.56 billion from $1.43 billion the year prior while net income was flat at $124 million compared to $125 million before.

Warner Music shares jump as earnings top forecasts

Warner Music Group Corp. WMG stock was up 3.5% in premarket trading on Tuesday after its third-quarter profit and revenue beat analyst estimates. Warner Music said its third-quarter profit fell to $122 million, or 23 cents a share, from $124 million, or 24 cents a share, in the year-ago quarter.

Warner Music Group third-quarter profit beats analyst estimates

Financial Highlights Improved Streaming Growth Driven by Stronger Release Slate with Momentum Expected to Carry into Q4 Robust Growth in Music Publishing Underpinned by Acceleration in Digital Revenue Adjusted OIBDA Growth and Margin Expansion Reinforce Confidence in High End of Full-Year Margin Guidance (100 basis points) Operating Cash Flow Conversion of 49% of Adjusted OIBDA with Expectation to Deliver 50% - 60% Conversion for Full Year For the three months ended June 30, 2023 Total revenue increased 9% or 10% in constant currency Digital revenue increased 9% or 10% in constant currency Net income was $124 million versus $125 million in the prior-year quarter OIBDA increased 18% to $275 million versus $233 million in the prior-year quarter or 20% in constant currency Adjusted OIBDA increased 16% to $297 million versus $255 million in the prior-year quarter or 18% in constant currency Cash from operating activities decreased 10% to $146 million from $163 million in the prior-year quarter NEW YORK, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its third-quarter financial results for the period ended June 30, 2023. “Our Q3 results were driven by a wide diversity of music, and our strength came from many different territories, labels, and revenue lines.

Warner Music Group Corp. Reports Results for Fiscal Third Quarter Ended June 30, 2023

Warner Music Group s expected to post another year-over-year decline in earnings when the company delivers its 3Q financials before the market opens on Tuesday, August 8.  According to Zacks Investment Research, based on 7 analysts' forecasts, the consensus EPS forecast for the quarter is $0.21, down from $0.24 in 3Q 2022.

News for Warner Music Group Stock (WMG)