Warner Music Group (WMG) Stock Insights
WMG$29.58-0.73 -2.41%
$15.47B
Market Cap
23.48
P/E
16.41
Forward P/E
56
Score
Warner Music Group (WMG) Stock Insights
WMG price $29.58 -0.73 -2.41%
- Ticker
- WMG
- Price
- $29.58
- Change
- -0.73 -2.41%
- Market cap ?
- $15.47B
- P/E ?
- 23.48
- Forward P/E ?
- 16.41
- Dividend yield ?
- 2.54%
- Beta ?
- 1.40
- Sector
- Communication Services
- Industry
- Entertainment
- Stocklytics score
- 56
- Value
- 60
- Quality
- 35
- Growth
- 74
Stocklytics score rationale: value 60, quality 35, growth 74.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 3246000000 | 3576000000 | 4005000000 | 4475000000 | 4463000000 | 5301000000 | 5919000000 | 6037000000 | 6426000000 | 6707000000 |
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…
Fair value
WMG fair value $29.30. Price $29.58. Price is about fair value.
Above fair value, but less expensive than usual. A smaller premium than on 94% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 814.00M. Growth 11.97%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 11.99% (beta 1.4). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 523.11M. Net debt 4.08B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-19 | — | 0.36 | — | 1.91B |
| 2026-08-05 | 0.38 | 0.34 | 1.86B | 1.81B |
| 2026-05-07 | 0.34 | 0.27 | 1.73B | 1.61B |
| 2026-02-05 | 0.33 | 0.40 | 1.84B | 1.77B |
| 2025-11-20 | 0.21 | 0.35 | 1.87B | 1.77B |
| 2025-08-07 | -0.03 | 0.29 | 1.69B | 1.59B |
| 2025-05-08 | 0.07 | 0.28 | 1.48B | 1.52B |
| 2025-02-06 | 0.45 | 0.34 | 1.67B | 1.53B |
| 2024-11-21 | 0.08 | 0.28 | 1.63B | 1.59B |
| 2024-08-07 | 0.32 | 0.27 | 1.55B | 1.56B |
| 2024-05-09 | 0.35 | 0.20 | 1.49B | 1.48B |
| 2024-02-07 | 0.33 | 0.43 | 1.75B | 1.49B |
| 2023-11-16 | 0.34 | 0.25 | 1.59B | 1.58B |
| 2023-08-08 | 0.23 | 0.20 | 1.56B | 1.58B |
| 2023-05-09 | 0.06 | 0.18 | 1.40B | 1.37B |
| 2023-02-09 | 0.23 | 0.26 | 1.49B | 1.51B |
| 2022-11-22 | 0.28 | 0.13 | 1.50B | 1.41B |
| 2022-08-09 | 0.24 | 0.19 | 1.43B | 1.41B |
| 2022-05-10 | 0.18 | 0.21 | 1.38B | 1.36B |
| 2022-02-08 | 0.36 | 0.28 | 1.61B | 1.49B |
| 2021-11-15 | 0.12 | 0.17 | 1.38B | 1.34B |
| 2021-08-03 | 0.12 | 0.15 | 1.34B | 1.20B |
| 2021-05-04 | 0.22 | 0.16 | 1.25B | 1.18B |
| 2021-02-01 | 0.19 | 0.19 | 1.33B | 1.26B |
| 2020-11-23 | 0.04 | 0.06 | 1.13B | 3.09B |
| 2020-08-04 | 0.04 | -0.14 | 1.01B | 39.22M |
| 2020-05-07 | -0.15 | — | 1.07B | — |
| 2020-01-31 | 0.24 | — | 1.26B | — |
| 2019-11-27 | 0.18 | — | 1.12B | — |
| 2019-08-06 | 0.03 | — | 1.06B | — |
| 2019-05-07 | 0.13 | — | 1.09B | — |
| 2019-02-05 | 0.17 | — | 1.20B | — |
| 2018-12-20 | -0.03 | — | 1.04B | — |
| 2018-08-07 | 0.64 | — | 958.00M | — |
| 2018-05-07 | -0.01 | — | 963.00M | — |
| 2018-02-02 | 0.01 | — | 1.04B | — |
| 2017-12-05 | -0.08 | — | 917.00M | — |
| 2017-08-08 | 0.28 | — | 917.00M | — |
| 2017-05-08 | 0.04 | — | 825.00M | — |
| 2017-02-07 | 0.04 | — | 917.00M | — |
Dividends
Yield 2.60%. Payout ratio 89.29%. Frequency Quarterly.
Safety score 68/100 · Moderate. Payout ratio is 89% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 7 separate years. Yield is 2.6%, in a range that is usually sustainable.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-08-20 | $0.20 | 2026-08-20 | 2026-09-01 | Quarterly |
| 2026-05-26 | $0.19 | 2026-05-26 | 2026-06-02 | Quarterly |
| 2026-02-18 | $0.19 | 2026-02-18 | 2026-03-03 | Quarterly |
| 2025-11-19 | $0.19 | 2025-11-19 | 2025-12-02 | Quarterly |
| 2025-08-20 | $0.19 | 2025-08-20 | 2025-09-03 | Quarterly |
| 2025-05-27 | $0.18 | 2025-05-27 | 2025-06-03 | Quarterly |
| 2025-02-24 | $0.18 | 2025-02-24 | 2025-03-04 | Quarterly |
| 2024-11-19 | $0.18 | 2024-11-19 | 2024-12-03 | Quarterly |
| 2024-08-27 | $0.18 | 2024-08-27 | 2024-09-04 | Quarterly |
| 2024-05-22 | $0.17 | 2024-05-23 | 2024-06-03 | Quarterly |
| 2024-02-21 | $0.17 | 2024-02-22 | 2024-03-01 | Quarterly |
| 2023-11-20 | $0.17 | 2023-11-21 | 2023-12-01 | Quarterly |
| 2023-08-23 | $0.17 | 2023-08-24 | 2023-09-01 | Quarterly |
| 2023-05-22 | $0.16 | 2023-05-23 | 2023-06-01 | Quarterly |
| 2023-02-17 | $0.16 | 2023-02-21 | 2023-03-01 | Quarterly |
| 2022-11-21 | $0.16 | 2022-11-22 | 2022-12-01 | Quarterly |
| 2022-08-23 | $0.16 | 2022-08-24 | 2022-09-01 | Quarterly |
| 2022-05-20 | $0.15 | 2022-05-23 | 2022-06-01 | Quarterly |
| 2022-02-17 | $0.15 | 2022-02-18 | 2022-03-01 | Quarterly |
| 2021-11-22 | $0.15 | 2021-11-23 | 2021-12-01 | Quarterly |
| 2021-08-24 | $0.15 | 2021-08-25 | 2021-09-01 | Quarterly |
| 2021-05-21 | $0.12 | 2021-05-24 | 2021-06-01 | Quarterly |
| 2021-02-19 | $0.12 | 2021-02-22 | 2021-03-01 | Quarterly |
| 2020-11-23 | $0.12 | 2020-11-24 | 2020-12-01 | Quarterly |
| 2020-08-24 | $0.12 | 2020-08-25 | 2020-09-01 | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-01 | Kreiz Ynon | Buy | 45 | — | — |
| 2026-09-01 | Hertz Noreena | Buy | 45 | — | — |
| 2026-09-01 | Dubuc Nancy | Buy | 45 | — | — |
| 2026-09-01 | Kurzman Cecelia | Buy | 84 | — | — |
| 2026-09-01 | Dopfner Mathias | Buy | 45 | — | — |
| 2026-09-01 | Lynton Michael | Buy | 122 | — | — |
| 2026-07-31 | Dickler Louis | Other | 0 | — | — |
| 2026-07-31 | Corson Thomas Charles | Other | 0 | — | — |
| 2026-06-02 | Kreiz Ynon | Buy | 38 | — | — |
| 2026-06-02 | Hertz Noreena | Buy | 38 | — | — |
| 2026-06-02 | Lynton Michael | Buy | 56 | — | — |
| 2026-06-02 | Kurzman Cecelia | Buy | 38 | — | — |
| 2026-06-02 | Dopfner Mathias | Buy | 38 | — | — |
| 2026-06-02 | Dubuc Nancy | Buy | 38 | — | — |
| 2026-05-21 | ZERZA ARMIN | Sell | 27.52K | — | — |
| 2026-05-12 | ZERZA ARMIN | Buy | 209.13K | — | — |
| 2026-05-12 | ZERZA ARMIN | Sell | 27.06K | $33.60 | 909.35K |
| 2026-04-16 | AI Entertainment Holdings LLC | Sell | 280.00K | — | — |
| 2026-04-16 | Blavatnik Valentin | Buy | 280.00K | — | — |
| 2026-03-04 | Hertz Noreena | Buy | 6.19K | — | — |
| 2026-03-04 | Hertz Noreena | Sell | 1.63K | $28.29 | 46.08K |
| 2026-03-04 | Dopfner Mathias | Buy | 6.19K | — | — |
| 2026-03-04 | Dopfner Mathias | Sell | 1.63K | $28.29 | 46.08K |
| 2026-03-04 | Lynton Michael | Buy | 9.01K | — | — |
| 2026-03-04 | Dubuc Nancy | Buy | 6.19K | — | — |
| 2026-03-04 | Kreiz Ynon | Buy | 6.19K | — | — |
| 2026-03-04 | Kurzman Cecelia | Buy | 6.19K | — | — |
| 2026-02-12 | Karp Hannah Jasmine | Buy | 19.23K | — | — |
| 2026-01-26 | Karp Hannah Jasmine | Other | 0 | — | — |
| 2026-01-05 | Osherova Maria | Sell | 7.15K | $30.74 | 219.73K |
| 2026-01-05 | Marshall Carianne | Sell | 13.12K | $30.74 | 403.37K |
| 2026-01-05 | Higginson Carletta | Sell | 10.39K | $30.74 | 319.33K |
| 2026-01-05 | Kyncl Robert | Sell | 43.01K | $30.74 | 1.32M |
| 2026-01-05 | Robinson Paul M | Sell | 5.74K | $30.74 | 176.45K |
| 2026-01-05 | Moot Guy | Sell | 13.12K | $30.74 | 403.37K |
| 2026-01-04 | Osherova Maria | Buy | 59.28K | — | — |
| 2026-01-04 | Marshall Carianne | Buy | 112.14K | — | — |
| 2026-01-04 | Higginson Carletta | Buy | 116.95K | — | — |
| 2026-01-04 | Kyncl Robert | Buy | 339.63K | — | — |
| 2026-01-04 | Robinson Paul M | Buy | 48.06K | — | — |
| 2026-01-04 | Moot Guy | Buy | 112.14K | — | — |
| 2025-12-11 | ZERZA ARMIN | Buy | 35.78K | $28.12 | 1.01M |
| 2025-12-02 | Blavatnik Valentin | Buy | 35.81K | $27.88 | 998.38K |
| 2025-12-02 | Blavatnik Valentin | Sell | 35.81K | $27.88 | 998.38K |
| 2025-10-13 | Kyncl Robert | Buy | 202.66K | — | — |
| 2025-10-13 | Kyncl Robert | Sell | 112.07K | $32.15 | 3.60M |
| 2025-05-12 | ZERZA ARMIN | Buy | 471.70K | $27.48 | 12.96M |
| 2025-05-12 | ZERZA ARMIN | Buy | 218.34K | — | — |
| 2025-05-05 | ZERZA ARMIN | Other | 0 | — | — |
| 2025-04-02 | Matusch Timothy | Sell | 1.00K | $31.43 | 31.43K |
| 2025-03-04 | Dubuc Nancy | Buy | 5.29K | — | — |
| 2025-03-04 | Dopfner Mathias | Buy | 5.29K | — | — |
| 2025-03-04 | Dopfner Mathias | Sell | 1.47K | $33.09 | 48.77K |
| 2025-03-04 | Lynton Michael | Buy | 7.71K | — | — |
| 2025-03-04 | Kurzman Cecelia | Buy | 5.29K | — | — |
| 2025-03-04 | Kreiz Ynon | Buy | 5.29K | — | — |
| 2025-03-04 | Hertz Noreena | Buy | 5.29K | — | — |
| 2025-03-04 | Hertz Noreena | Sell | 1.47K | $33.09 | 48.77K |
| 2025-02-20 | Blavatnik Valentin | Sell | 28.23K | $35.45 | 1.00M |
| 2025-02-14 | Matusch Timothy | Sell | 1.10K | $36.49 | 40.25K |
| 2025-02-12 | Osherova Maria | Sell | 6.55K | $33.90 | 222.15K |
| 2025-01-06 | Matusch Timothy | Sell | 3.44K | $31.02 | 106.86K |
| 2025-01-06 | Castellani Bryan | Sell | 8.73K | $31.02 | 270.77K |
| 2025-01-06 | Steven James | Sell | 5.65K | $31.02 | 175.29K |
| 2025-01-06 | Robinson Paul M | Sell | 5.55K | $31.02 | 172.32K |
| 2025-01-06 | Osherova Maria | Sell | 5.92K | $31.02 | 183.61K |
| 2025-01-06 | Moot Guy | Sell | 12.50K | $31.02 | 387.87K |
| 2025-01-06 | Higginson Carletta | Sell | 5.95K | $31.02 | 184.60K |
| 2025-01-06 | Marshall Carianne | Sell | 12.50K | $31.02 | 387.87K |
| 2025-01-05 | Steven James | Sell | 6.44K | $30.74 | 198.00K |
| 2025-01-04 | Matusch Timothy | Buy | 35.71K | — | — |
| 2025-01-04 | Castellani Bryan | Buy | 76.86K | — | — |
| 2025-01-04 | Steven James | Buy | 14.61K | — | — |
| 2025-01-04 | Kyncl Robert | Buy | 344.16K | — | — |
| 2025-01-04 | Robinson Paul M | Buy | 16.23K | — | — |
| 2025-01-04 | Osherova Maria | Buy | 13.96K | — | — |
| 2025-01-04 | Moot Guy | Buy | 48.70K | — | — |
| 2025-01-04 | Higginson Carletta | Buy | 53.36K | — | — |
| 2025-01-04 | Marshall Carianne | Buy | 48.70K | — | — |
| 2024-12-20 | Benet Lincoln E | Sell | 35.00K | $30.96 | 1.08M |
| 2024-12-19 | AI Entertainment Holdings LLC | Buy | 6.90M | — | — |
| 2024-12-19 | AI Entertainment Holdings LLC | Buy | 1.63M | — | — |
| 2024-12-19 | AI Entertainment Holdings LLC | Buy | 487.93K | — | — |
| 2024-12-19 | AI Entertainment Holdings LLC | Buy | 29.10K | — | — |
| 2024-12-19 | AI Entertainment Holdings LLC | Sell | 487.93K | — | — |
| 2024-09-11 | Lousada Max | Sell | 250.77K | $28.09 | 7.04M |
| 2024-09-10 | Lousada Max | Sell | 428.83K | $28.00 | 12.01M |
| 2024-09-06 | Lousada Max | Sell | 7.36K | $28.24 | 207.82K |
| 2024-09-05 | Lousada Max | Sell | 135.32K | $28.17 | 3.81M |
| 2024-09-04 | Lousada Max | Sell | 48.13K | $28.21 | 1.36M |
| 2024-09-03 | Lousada Max | Sell | 64.05K | $28.25 | 1.81M |
| 2024-03-05 | Lynton Michael | Buy | 7.16K | $35.62 | 255.00K |
| 2024-03-05 | Kurzman Cecelia | Buy | 4.91K | $35.62 | 175.00K |
| 2024-03-05 | Kreiz Ynon | Buy | 4.91K | $35.62 | 175.00K |
| 2024-03-05 | Hertz Noreena | Buy | 4.91K | $35.62 | 175.00K |
| 2024-03-05 | Hertz Noreena | Sell | 1.66K | $35.62 | 59.27K |
| 2024-03-05 | Dubuc Nancy | Buy | 4.91K | $35.62 | 175.00K |
| 2024-03-05 | Dopfner Mathias | Buy | 4.91K | $35.62 | 175.00K |
| 2024-03-05 | Dopfner Mathias | Sell | 1.66K | $35.62 | 59.27K |
| 2024-02-28 | Wagner Donald | Buy | 251.82K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 348, holders +19 vs prior quarter. Ownership 30.73%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| INDEPENDENT FRANCHISE PARTNERS LLP | 13.00M | -36.45K | -0.28% | 351.85M |
| DARSANA CAPITAL PARTNERS LP | 11.94M | 93.20K | +0.79% | 323.30M |
| JPMORGAN CHASE & CO | 11.19M | -2.52M | -18.38% | 297.68M |
| BLACKROCK, INC. | 10.21M | 551.09K | +5.71% | 276.38M |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | 8.91M | -352.55K | -3.81% | 241.17M |
| DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP | 6.71M | -846.00K | -11.20% | 181.53M |
| VANGUARD CAPITAL MANAGEMENT LLC | 6.22M | -17.14K | -0.27% | 168.42M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 5.89M | -7.60K | -0.13% | 159.32M |
| FIL LTD | 5.83M | -44.51K | -0.76% | 157.75M |
| GOLDMAN SACHS GROUP INC | 4.98M | 4.62M | +1308.06% | 134.74M |
| COOKE & BIELER LP | 4.62M | -149.77K | -3.14% | 125.09M |
| JANE STREET GROUP, LLC | 3.92M | 3.38M | +624.40% | 106.18M |
| THRIVENT FINANCIAL FOR LUTHERANS | 3.84M | 196.26K | +5.39% | 103.87M |
| STATE STREET CORP | 2.70M | 38.07K | +1.43% | 73.14M |
| QUBE RESEARCH & TECHNOLOGIES LTD | 2.54M | 1.61M | +171.28% | 68.87M |
| FMR LLC | 2.52M | 2.11M | +524.57% | 68.09M |
| MORGAN STANLEY | 2.41M | 148.90K | +6.59% | 65.20M |
| AQR CAPITAL MANAGEMENT LLC | 2.44M | -105.28K | -4.14% | 64.53M |
| GEODE CAPITAL MANAGEMENT, LLC | 2.21M | -4.81K | -0.22% | 59.95M |
| POINT72 ASSET MANAGEMENT, L.P. | 1.91M | -576.75K | -23.17% | 51.78M |
| UBS GROUP AG | 1.89M | -117.29K | -5.84% | 51.23M |
| DIGITALBRIDGE GROUP, INC. | 1.78M | 226.14K | +14.57% | 48.15M |
| HARRIS ASSOCIATES L P | 1.61M | 105 | +0.01% | 43.61M |
| MILLENNIUM MANAGEMENT LLC | 1.61M | -1.77M | -52.46% | 43.47M |
| WESTWOOD HOLDINGS GROUP INC | 1.60M | -937.18K | -36.89% | 43.41M |
Insights
- Revenue by product
- Revenue by region
| Period | Value |
|---|---|
| FY2014 | Music Publishing: 517000000.0, Recorded Music: 2526000000.0 |
| FY2015 | Music Publishing: 482000000.0, Recorded Music: 2501000000.0 |
| FY2016 | Music Publishing: 524000000.0, Recorded Music: 2736000000.0 |
| FY2017 | Music Publishing: 572000000.0, Recorded Music: 3020000000.0 |
| FY2018 | Music Publishing: 653000000.0, Recorded Music: 3360000000.0 |
| FY2019 | Music Publishing: 643000000.0, Recorded Music: 3840000000.0 |
| FY2020 | Music Publishing: 657000000.0, Recorded Music: 3810000000.0 |
| FY2021 | Music Publishing: 761000000.0, Recorded Music: 4544000000.0 |
| FY2022 | Music Publishing: 958000000.0, Recorded Music: 4966000000.0 |
| FY2023 | Music Publishing: 1088000000.0, Recorded Music: 4955000000.0 |
| FY2024 | Music Publishing: 1210000000.0, Recorded Music: 5223000000.0 |
| FY2025 | Music Publishing: 1306000000.0, Recorded Music: 5408000000.0 |
| Period | Value |
|---|---|
| FY2014 | All Other Countries: 1419000000.0, U S: 1141000000.0 |
| FY2015 | All Other Countries: 1318000000.0, U S: 1171000000.0 |
| FY2016 | All Other Countries: 1395000000.0, UNITED STATES: 1360000000.0 |
| FY2017 | All Other Countries: 1467000000.0, UNITED STATES: 1587000000.0 |
| FY2018 | All Other Countries: 1658000000.0, UNITED STATES: 1754000000.0 |
| FY2019 | All Other Countries: 1923000000.0, UNITED STATES: 1956000000.0 |
| FY2020 | All Other Countries: 1978000000.0, UNITED KINGDOM: 551000000.0, UNITED STATES: 1934000000.0 |
| FY2021 | All Other Countries: 1656000000.0, GERMANY: 662000000.0, UNITED KINGDOM: 620000000.0, UNITED STATES: 2363000000.0 |
| FY2022 | All Other Countries: 1828000000.0, GERMANY: 613000000.0, UNITED KINGDOM: 734000000.0, UNITED STATES: 2744000000.0 |
| FY2023 | All Other Countries: 2010000000.0, GERMANY: 535000000.0, UNITED KINGDOM: 726000000.0, UNITED STATES: 2766000000.0 |
| FY2024 | All Other Countries: 2269000000.0, GERMANY: 513000000.0, UNITED KINGDOM: 774000000.0, UNITED STATES: 2870000000.0 |
| FY2025 | All Other Countries: 2461000000.0, GERMANY: 515000000.0, UNITED KINGDOM: 857000000.0, UNITED STATES: 2874000000.0 |
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