Warner Music Group Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Robert Kyncl

Chief executive officer

US$20.4m

Total compensation

CEO salary percentage	9.8%
CEO tenure	1.8yrs
CEO ownership	n/a
Management average tenure	3yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Robert Kyncl's remuneration changed compared to Warner Music Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$429m
Jun 30 2024	n/a	n/a	US$539m
Mar 31 2024	n/a	n/a	US$522m
Dec 31 2023	n/a	n/a	US$461m
Sep 30 2023	US$20m	US$2m	US$424m

Compensation vs Market: Robert's total compensation ($USD20.43M) is above average for companies of similar size in the German market ($USD4.86M).

Compensation vs Earnings: Insufficient data to compare Robert's compensation with company performance.

CEO

Robert Kyncl (53 yo)

1.8yrs

Tenure

US$20,426,385

Compensation

Mr. Robert Kyncl serves as President at Warner Music Group Corp. He serves as Chief Executive Officer and Director at Warner Music Group Corp. since February 01, 2023. He serves Head of Content & Business...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Kyncl	President	1.8yrs	US$20.43m	no data
Guy Moot	Co-Chair & CEO of Warner Chappell Music	5.6yrs	US$4.92m	no data
Carianne Marshall	Co-Chair & COO of Warner Chappell Music	5.8yrs	US$4.41m	no data
Bryan Castellani	Executive VP & CFO	1.1yrs	no data	no data
Timothy Matusch	Executive Vice President of Strategy & Operations	1.7yrs	no data	no data
Ariel Bardin	President of Technology	1.7yrs	no data	no data
Kareem Chin	Senior VP & Head of Investor Relations	4.2yrs	no data	no data
Paul Robinson	Executive VP & General Counsel	17.9yrs	US$5.25m	no data
Trent Tappe	Senior VP	no data	no data	no data
James Steven	Executive VP & Chief Communications Officer	9.8yrs	no data	no data
Michael Ryan-Southern	Executive Vice President of Corporate Development	less than a year	no data	no data
Maria Osherova	Executive VP & Chief People Officer	10.3yrs	no data	0.0018% € 282.0k

3.0yrs

Average Tenure

55.5yo

Average Age

Experienced Management: WA4's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Kyncl	President	1.8yrs	US$20.43m	no data
Guy Moot	Co-Chair & CEO of Warner Chappell Music	5.6yrs	US$4.92m	no data
Carianne Marshall	Co-Chair & COO of Warner Chappell Music	5.8yrs	US$4.41m	no data
Michael Lynton	Independent Chairman	5.8yrs	US$420.00k	0.0071% € 1.1m
Mathias Dopfner	Independent Director	10.5yrs	US$280.00k	0.0043% € 672.7k
Leonard Blavatnik	Vice Chairman of the Board	13.3yrs	no data	0.27% € 42.6m
Donald Wagner	Director	13.3yrs	no data	0.049% € 7.7m
Julie Greenwald	Chairman of Atlantic Music Group	less than a year	no data	no data
Rob Cavallo	Chairman	14.2yrs	no data	no data
Nancy Dubuc	Independent Director	3.3yrs	US$295.00k	0.0035% € 556.1k
Lincoln Benet	Director	13.3yrs	no data	0.054% € 8.4m
Noreena Hertz	Independent Director	7.2yrs	US$285.00k	0.0043% € 672.7k

6.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: WA4's board of directors are considered experienced (6.5 years average tenure).

Warner Music Group Management

Management criteria checks 2/4

Key information

Recent management updates

Insider recently sold €6.3m worth of stock

Warner Music Group Announces Management Changes to Recorded Music Operations

Warner Music Group Corp. Appoints Michael Ryan-Southern as Executive Vice President, Corporate Development, Effective August 5, 2024

Warner Music Group Corp., Annual General Meeting, Mar 05, 2024

Warner Music Group Corp. Announces CFO Changes, Effective October 16, 2023

Director recently sold €600k worth of stock

Recent updates

Warner Music Group Corp. (NasdaqGS:WMG) announces an Equity Buyback for $100 million worth of its shares.

Warner Music Group Corp. Declares Regular Quarterly Cash Dividend on Class A and Class B Common Stocks, Payable on December 3, 2024

Warner Music Group Corp. to Report Q4, 2024 Results on Nov 21, 2024

Insider recently sold €6.3m worth of stock

Upcoming dividend of US$0.18 per share

Third quarter dividend of US$0.18 announced

Warner Music Group Corp. Declares Regular Quarterly Cash Dividend on Class A and Class B Common Stocks, Payable on September 4, 2024

Third quarter 2024 earnings released: EPS: US$0.27 (vs US$0.23 in 3Q 2023)

Warner Music Group Announces Management Changes to Recorded Music Operations

Warner Music Group Corp. to Report Q3, 2024 Results on Aug 08, 2024

Warner Music Group Corp. Appoints Michael Ryan-Southern as Executive Vice President, Corporate Development, Effective August 5, 2024

Second quarter dividend of US$0.17 announced

Warner Music Group Corp. Declares Regular Quarterly Cash Dividend on its Class A Common Stock and Class B Common Stock, Payable on June 3, 2024

Second quarter 2024 earnings released: EPS: US$0.18 (vs US$0.064 in 2Q 2023)

Warner Music Group Corp. to Report Q2, 2024 Results on May 09, 2024

Warner Music Drops Plans to Bid for France's Believe

Warner Music Discloses Interest in Buying French Believe

Warner Music Group Corp. Declares Regular Quarterly Cash Dividend, Payable on March 1, 2024

Warner Music Group Corp. Announces Strategic Restructuring Plan

Warner Music Group Corp., Annual General Meeting, Mar 05, 2024

Warner Music Group Corp. to Report Q1, 2024 Results on Feb 08, 2024

Full year 2023 earnings released: EPS: US$0.83 (vs US$1.06 in FY 2022)

Warner Music Group Corp. Declares Dividend, Payable on December 1, 2023

Warner Music Group Corp. to Report Q4, 2023 Results on Nov 16, 2023

Warner Music Group Corp. Announces CFO Changes, Effective October 16, 2023

Warner Music Group Corp. Declares Regular Quarterly Cash Dividend on its Class A Common Stock and Class B Common Stock, Payable on September 1, 2023

Third quarter 2023 earnings released: EPS: US$236 (vs US$0.24 in 3Q 2022)

Warner Music Group Corp. to Report Q3, 2023 Results on Aug 08, 2023

Warner Music Group Corp. Declares Quarterly Cash Dividend on Class A Common Stock and Class B Common Stock, Payable on June 1, 2023

Second quarter 2023 earnings released: EPS: US$0 (vs US$0.18 in 2Q 2022)

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Director recently sold €600k worth of stock

Warner Music Group Corp. Declares Regular Quarterly Cash Dividend on Wmg’S Class A Common Stock and Class B Common Stock, Payable on March 1, 2023

First quarter 2023 earnings released: EPS: US$237 (vs US$0.36 in 1Q 2022)

High number of new directors

Warner Music Group Announces the Launch of Rhythm City, Its First Persistent Music Experience on Roblox

Warner Music Group Corp., Annual General Meeting, Feb 28, 2023

Warner Music Group Corp. to Report Q1, 2023 Results on Feb 09, 2023

Investor sentiment deteriorated over the past week

Now 22% undervalued

Director recently sold €622k worth of stock

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: US$1.06 (vs US$0.58 in FY 2021)

Upcoming dividend of US$0.16 per share

Warner Music Group Corp. Declares Regular Quarterly Cash Dividend, Payable on December 1, 2022

Warner Music Group Corp. to Report Q4, 2022 Results on Nov 22, 2022

Warner Music Group Corp. (NasdaqGS:WMG) acquired an unknown stake in Mascom EC doo.

Warner Music Group Corp. Announces Board Changes

Warner Music Group Corp. Appoints Robert Kyncl as Chief Executive Officer, Effective from January 1, 2023

Warner Music Group Corp. Announces Quarterly Cash Dividend, Payable on September 1, 2022

Third quarter 2022 earnings released: EPS: US$0.24 (vs US$0.12 in 3Q 2021)

Warner Music Group Corp. to Report Q3, 2022 Results on Aug 09, 2022

Warner Music Group Corp. Announces Resignation of Stephen Cooper as the Company’s Director

Now 24% undervalued after recent price drop

Warner Music Group Corp. Announces Quarterly Cash Dividend, Payable on June 1, 2022

Second quarter 2022 earnings released

Providence Reportedly Seeks to Sell Its Tempo Song Catalogue

Warner Music Group Corp. to Report Q2, 2022 Results on May 10, 2022

Director recently sold €346k worth of stock

Director recently sold €968k worth of stock

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Warner Music Group Corp. Announces Executive Changes

Warner Music Group Corp. (NasdaqGS:WMG) acquired an unknown majority stake in Africori Music Group.

Warner Music Group Corp. (NasdaqGS:WMG) acquired 300 Entertainment.

Full year 2021 earnings released: EPS US$0.58 (vs US$0.94 loss in FY 2020)

Third quarter 2021 earnings released: EPS US$0.12 (vs US$1.03 loss in 3Q 2020)

Less than half of directors are independent

Warner Music Group Corp. Announces Quarterly Cash Dividend, Payable on June 1, 2021