What Is Warner Music Group Corp.'s (NASDAQ:WMG) Share Price Doing?
Dec 20
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U.S. Entertainment Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies151
- 7D-2.1%
- 3M23.6%
- 1Y52.8%
- YTD55.1%
Over the last 7 days, the Entertainment industry has dropped 2.1%, driven by pullbacks in Spotify Technology and Netflix of 4.6% and 1.1%, respectively. This takes the industry's 12 month performance to a gain of 53%. Earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the U.S. Entertainment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | US$1.0t | US$284.5b | US$50.2m | 17.4x | 20674x | 3.6x |
| Tue, 19 Nov 2024 | US$991.6b | US$284.9b | US$184.5m | 21.9x | 5375.5x | 3.5x |
| Thu, 17 Oct 2024 | US$931.4b | US$298.6b | US$1.0b | 24.5x | 919.2x | 3.1x |
| Sat, 14 Sep 2024 | US$876.0b | US$299.1b | US$1.0b | 16.7x | 842.4x | 2.9x |
| Mon, 12 Aug 2024 | US$839.7b | US$297.9b | US$1.8b | 18x | 477.8x | 2.8x |
| Wed, 10 Jul 2024 | US$847.2b | US$287.8b | US$7.4b | 14x | 114.8x | 2.9x |
| Fri, 07 Jun 2024 | US$861.4b | US$291.4b | US$7.8b | 14.8x | 110.7x | 3x |
| Sun, 05 May 2024 | US$843.7b | US$290.3b | US$10.9b | 20.4x | 77.5x | 2.9x |
| Tue, 02 Apr 2024 | US$852.9b | US$287.7b | US$9.3b | 18.4x | 91.6x | 3x |
| Thu, 29 Feb 2024 | US$821.3b | US$286.1b | US$9.5b | 18.9x | 86.2x | 2.9x |
| Sat, 27 Jan 2024 | US$880.6b | US$297.0b | US$8.0b | 20.1x | 110.5x | 3x |
| Mon, 25 Dec 2023 | US$831.0b | US$297.1b | US$7.0b | 19.5x | 118x | 2.8x |
| Wed, 22 Nov 2023 | US$834.6b | US$296.6b | US$6.8b | 21.2x | 123.5x | 2.8x |
| Fri, 20 Oct 2023 | US$745.7b | US$287.9b | US$1.5b | 20.9x | 509.2x | 2.6x |
| Sun, 17 Sep 2023 | US$742.8b | US$286.4b | US$874.9m | 20.7x | 849x | 2.6x |
| Tue, 15 Aug 2023 | US$775.6b | US$287.6b | -US$1,393,585,273.00 | 27.1x | -556.6x | 2.7x |
| Thu, 13 Jul 2023 | US$799.5b | US$280.2b | -US$2,325,796,749.00 | 22.2x | -343.7x | 2.9x |
| Sat, 10 Jun 2023 | US$765.3b | US$279.8b | -US$2,186,936,749.00 | 18.6x | -350x | 2.7x |
| Mon, 08 May 2023 | US$734.1b | US$278.1b | -US$3,021,159,847.00 | 21.5x | -243x | 2.6x |
| Wed, 05 Apr 2023 | US$764.7b | US$266.8b | -US$1,069,939,630.00 | 25x | -714.7x | 2.9x |
| Fri, 03 Mar 2023 | US$713.8b | US$265.8b | -US$2,827,629,984.00 | 29.6x | -252.4x | 2.7x |
| Sun, 29 Jan 2023 | US$759.6b | US$253.6b | US$468.6m | 30.5x | 1621.2x | 3x |
| Tue, 27 Dec 2022 | US$621.2b | US$252.2b | US$968.5m | 26x | 641.4x | 2.5x |
| Thu, 24 Nov 2022 | US$645.4b | US$251.1b | US$732.6m | 26.4x | 881x | 2.6x |
| Sat, 22 Oct 2022 | US$649.3b | US$236.6b | US$5.3b | 21x | 121.6x | 2.7x |
| Mon, 19 Sep 2022 | US$670.0b | US$237.3b | US$5.4b | 21.8x | 124.5x | 2.8x |
| Wed, 17 Aug 2022 | US$751.8b | US$236.6b | US$5.5b | 22.7x | 135.8x | 3.2x |
| Fri, 15 Jul 2022 | US$603.9b | US$213.9b | US$9.5b | 23.3x | 63.4x | 2.8x |
| Sun, 12 Jun 2022 | US$649.9b | US$217.8b | US$9.4b | 25.2x | 69.5x | 3x |
| Tue, 10 May 2022 | US$639.9b | US$211.0b | US$9.8b | 20.9x | 65.3x | 3x |
| Thu, 07 Apr 2022 | US$812.0b | US$199.1b | US$9.0b | 23.3x | 90.3x | 4.1x |
| Sat, 05 Mar 2022 | US$800.7b | US$200.3b | US$9.2b | 24.4x | 87x | 4x |
| Mon, 31 Jan 2022 | US$861.1b | US$189.4b | US$7.6b | 30.8x | 113x | 4.5x |
| Wed, 29 Dec 2021 | US$1.1t | US$188.4b | US$7.6b | 33.2x | 143.1x | 5.7x |
Price to Earnings Ratio
143.1x
Current Industry PE
- Investors are optimistic on the American Entertainment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21kx which is higher than its 3-year average PE of 258x.
- The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Entertainment industry have declined 81% per year over the last three years.
- Meanwhile revenues for these companies have grown 15% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the U.S. Telecom industry?
| US Market | -2.39% | |
| Telecom | -2.39% | |
| Entertainment | -2.13% | |
| Movies and Entertainment | -1.86% | |
| Interactive Home Entertainment | -3.46% | |
Industry PE
- Investors are most optimistic about the Movies and Entertainment industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 24.9%, which is higher than its past year's earnings decline of 8.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Interactive Home Entertainment industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings decline of 23% per year.
- In contrast, the Movies and Entertainment industry is expected to see its earnings grow by 25% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RBLX Roblox | US$60.11 | 0.9% +US$334.7m | 30.8% | PS11.7x | |
| EDR Endeavor Group Holdings | US$31.21 | 1.5% +US$141.8m | 32.6% | PE109.2x | |
| TKO TKO Group Holdings | US$143.54 | 1.1% +US$131.5m | 82.1% | PS4.2x | |
| SPHR Sphere Entertainment | US$38.70 | 2.4% +US$31.9m | 12.8% | PS1.2x | |
| LVO LiveOne | US$1.22 | 19.6% +US$19.1m | 0.8% | PS0.9x |
