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 companys 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 rereleases 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 100000 songwriters and composers covering an expansive spectrum of musical styles such as pop rock jazz classical country RB hiphop 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
Recent Earnings Surprises
Date
Actual EPS
Estimated EPS
Surprise
2026-05-07
$0.35
$0.27
+31.0%
2026-02-05
$0.33
$0.40
-17.5%
2025-11-20
$0.21
$0.35
-40.0%
2025-08-07
$-0.03
$0.29
-110.3%
Financial Ratios (TTM)
Gross Margin
45.80%
Operating Margin
12.75%
Net Margin
6.34%
ROA
4.26%
Price to Book
18.49
Price to Sales
1.92
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