Warner Music Group Corp.

NasdaqGS:WMG Stock Report

Market Cap: US$14.8b

Warner Music Group Future Growth

Future criteria checks 4/6

Warner Music Group is forecast to grow earnings and revenue by 30.4% and 5.3% per annum respectively. EPS is expected to grow by 31.1% per annum. Return on equity is forecast to be 57.6% in 3 years.

Key information

30.4%

Earnings growth rate

31.08%

EPS growth rate

Entertainment earnings growth17.0%
Revenue growth rate5.3%
Future return on equity57.56%
Analyst coverage

Good

Last updated27 Apr 2026

Recent future growth updates

Recent updates

WMG: AI Catalog Risk Will Ultimately Support Future Content Economics

Analysts have made a modest upward tweak to the Warner Music Group price target, with a roughly $0.06 adjustment reflecting slightly refined assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E, while also weighing mixed recent target changes and the rising debate about AI related risks to major music labels. Analyst Commentary Recent Street research on Warner Music Group reflects a mixed backdrop, with modest price target moves and a growing focus on how AI could influence long term economics for major labels.

WMG: AI Catalog Risk Will Ultimately Support Long Term Content Economics

Analysts have trimmed their average price target on Warner Music Group by about $0.12 to $36.12, reflecting slightly lower assumed P/E multiples and discount rates, along with a marginally higher profit margin outlook and ongoing debate about AI risk to major labels. Analyst Commentary Recent research on Warner Music Group presents a mix of optimism about the long term role of major labels and caution around valuation and emerging risks such as AI driven music generation.

Streaming And AI Partnerships Will Redefine This Music Powerhouse’s Long Term Earnings Potential

Catalysts About Warner Music Group Warner Music Group is a global music company with recorded music and music publishing operations across major artists, songwriters and catalogs. What are the underlying business or industry changes driving this perspective?

WMG: AI Catalog Risks Will Ultimately Support Long Term Content Economics

Analysts have nudged their price targets for Warner Music Group lower by a few dollars, citing updated assumptions that combine slightly higher growth expectations with pressure on profit margins and fresh concerns around AI related catalog and market share risks. Analyst Commentary Recent research highlights a mix of optimism about Warner Music Group's growth potential and concern around how new technologies, especially AI, could affect long term value and market share.

AI Partnerships And Catalog Acquisitions Will Struggle Before Eventually Supporting Healthier Margins

Catalysts About Warner Music Group Warner Music Group is a global music company with recorded music, music publishing and catalog monetization businesses. What are the underlying business or industry changes driving this perspective?

Warner Music Group: Even At 52-Week Lows, I Still Have Concerns

Mar 22

WMG: AI Exposures Will Ultimately Support Stronger Long Term Catalog Economics

Narrative Update on Warner Music Group The implied analyst price target for Warner Music Group is now held around $37.44, with analysts citing a slightly higher required return and AI related risks to major labels, alongside mixed recent views on the stock, including a modest $1 target trim from Citi and a bullish initiation from MoffettNathanson. Analyst Commentary Recent research on Warner Music Group highlights a mix of optimism around the long term role of major labels and caution around the impact of AI on recorded music economics and catalog value.

WMG: AI Threats Will Ultimately Support Stronger Long Term Cash Generation

Analysts have slightly trimmed their price target on Warner Music Group to $37.44, reflecting a modestly higher discount rate and a small uptick in expected profit margin, while also factoring in fresh views on AI related risks and recent mixed research commentary. Analyst Commentary Recent research on Warner Music Group reflects a mix of optimism around the core business and caution around emerging risks, especially related to AI generated music.

WMG: AI Licensing Deals Will Support Stronger Long Term Cash Generation

Analysts now see a slightly lower fair value for Warner Music Group, trimming their price target by about US$0.22 as they factor in updated assumptions on revenue growth, margins, and a more conservative future P/E multiple, while still referencing recent mixed research that includes a new bullish initiation and a modest target cut from the Street. Analyst Commentary Bullish Takeaways Bullish analysts see room for Warner Music Group to execute on its growth plans, which they factor into a supportive long term earnings profile and a constructive P/E framework.

WMG: AI Licensing And Pricing Power Will Support Stronger Long Term Cash Generation

Analysts have trimmed their average price target on Warner Music Group by about $0.10 to roughly $37.67. This reflects slightly updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples, while taking into account both recent target moves at major firms and a broadly constructive view on the long term pricing opportunity in music.

WMG: Pricing Power And AI Licensing Deals Will Support Stronger Cash Generation

Analysts have raised their price target on Warner Music Group to $38 from $35, citing what they describe as a growing pricing opportunity in music. This view accompanies only modest adjustments to assumptions such as discount rate, revenue growth, profit margins and future P/E in updated models.

Should You Think About Buying Warner Music Group Corp. (NASDAQ:WMG) Now?

Jan 07
Should You Think About Buying Warner Music Group Corp. (NASDAQ:WMG) Now?

WMG: Flexible Pricing And AI Deals Will Drive Stronger Future Cash Flows

Analysts have nudged their price target on Warner Music Group up by $3 to $38 per share, citing a favorable shift in the music industry toward flexible, higher-pricing opportunities that they believe will unlock greater value from the company’s catalog and new releases. Analyst Commentary Analysts view the latest price target increase as a signal that the market is beginning to better appreciate Warner Music Group's leverage to evolving industry economics, particularly around pricing and catalog monetization.

WMG: Flexible Pricing And AI Licensing Will Drive Stronger Future Cash Flows

Analysts have raised their price target on Warner Music Group to 38 dollars from 35 dollars, citing growing confidence that the music industry's shift toward flexible, pricing-driven growth will unlock greater value from its catalog and new releases. Analyst Commentary Bullish analysts argue that Warner Music Group is well positioned to benefit as the music industry shifts away from a pure volume-growth mindset toward a more deliberate, pricing-led model that can unlock higher returns from both new releases and its existing catalog.

WMG: Accelerating Streaming And AI Licensing Will Drive Greater Profitability

Analysts have raised their average price target for Warner Music Group to $38.00 from $35.00. They cite improving profit margins, accelerating streaming growth, and expectations for higher music pricing as factors that could drive future value.

WMG: Streaming Expansion and Industry Pricing Will Drive Further Upside

Analysts have raised their price target on Warner Music Group from $37.72 to $38.00 per share. They cite ongoing growth in streaming subscriptions, expanding profit margins, and new pricing opportunities within the music industry.

Analysts Boost Warner Music Group Price Target Amid Streaming Growth and Valuation Revisions

Analysts have raised their price target for Warner Music Group. Valuation estimates have increased by approximately $0.33 to reflect expected benefits from rising streaming subscriptions, cost efficiencies, and ongoing margin expansion.

Global Internet Expansion And Digital Monetization Will Unlock Future Upside

Analysts have increased their price target for Warner Music Group by $0.61 to $37.39. They cite accelerated streaming subscription growth, successful cost reductions, and expectations for continued margin expansion as key factors behind their positive outlook.

Is Warner Music Group (NASDAQ:WMG) Using Too Much Debt?

Sep 30
Is Warner Music Group (NASDAQ:WMG) Using Too Much Debt?

Global Internet Expansion And Digital Monetization Will Unlock Future Upside

Warner Music Group’s analyst price target saw a modest upward revision, driven by accelerating streaming subscription growth, cost-reduction initiatives expanding margins, and expected industry-wide music price increases, resulting in a new consensus fair value of $36.78. Analyst Commentary Bullish analysts highlight accelerating streaming subscription growth, driving topline performance.

Global Internet Expansion And Digital Monetization Will Unlock Future Upside

Analysts have raised their price target for Warner Music Group, citing outperformance in subscription growth, anticipated benefits from wholesale music pricing increases, and operational efficiencies from reinvestment initiatives, resulting in a modest upward revision of the consensus target from $35.82 to $36.29. Analyst Commentary Bullish analysts see record labels—including Warner Music—well positioned to benefit from anticipated increases in wholesale music pricing, presenting an attractive industry investment opportunity.

Global Internet Expansion And Digital Monetization Will Unlock Future Upside

Warner Music Group's consensus price target has increased, driven by a substantial rise in net profit margin alongside a marked reduction in its future P/E ratio, raising fair value from $33.06 to $35.65. What's in the News Warner Music Group declared a regular quarterly cash dividend of $0.19 per share on Class A and Class B common stock.

What You Can Learn From Warner Music Group Corp.'s (NASDAQ:WMG) P/E

Jul 28
What You Can Learn From Warner Music Group Corp.'s (NASDAQ:WMG) P/E

Warner Music Group Corp.'s (NASDAQ:WMG) Intrinsic Value Is Potentially 27% Above Its Share Price

Jun 26
Warner Music Group Corp.'s (NASDAQ:WMG) Intrinsic Value Is Potentially 27% Above Its Share Price

Warner Music Group's (NASDAQ:WMG) Dividend Will Be $0.18

May 19
Warner Music Group's (NASDAQ:WMG) Dividend Will Be $0.18

Warner Music Group: Strategic Moves To Strengthen Its Catalog And Unlock Premium Revenue

Feb 10

Downgrading Warner Music Group As Spotify And Live Nation Strike A Chord

Nov 23

Warner Music Group: Serving The Middle Class Artists

Oct 10

Warner Music Group: Strong Competitive Position In The Music Label Industry

Jul 08

Earnings and Revenue Growth Forecasts

NasdaqGS:WMG - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
9/30/20288,0211,0281,1701,33412
9/30/20277,5499001,0171,16215
9/30/20267,1197028811,00816
12/31/20256,881302479786N/A
9/30/20256,707361344678N/A
6/30/20256,469293391751N/A
3/31/20256,334446535893N/A
12/31/20246,344505501793N/A
9/30/20246,426429451754N/A
6/30/20246,382539483788N/A
3/31/20246,392522466746N/A
12/31/20236,297461496771N/A
9/30/20236,037424446687N/A
6/30/20235,948420562755N/A
3/31/20235,816423579772N/A
12/31/20225,793479641822N/A
9/30/20225,919544416742N/A
6/30/20225,798426232564N/A
3/31/20225,70636352492N/A
12/31/20215,580389167598N/A
9/30/20215,30130064638N/A
6/30/20215,05127020586N/A
3/31/20214,721-310174618N/A
12/31/20204,542-500113554N/A
9/30/20204,463-476338463N/A
6/30/20204,461-384323438N/A
3/31/20204,509149349465N/A
12/31/20194,528290246386N/A
9/30/20194,475256N/A400N/A
6/30/20194,390152N/A409N/A
3/31/20194,290459N/A388N/A
12/31/20184,163389N/A381N/A
9/30/20184,005307N/A425N/A
6/30/20183,883282N/A491N/A
3/31/20183,842103N/A445N/A
12/31/20173,704125N/A515N/A
9/30/20173,576143N/A535N/A
6/30/20173,500178N/A444N/A
3/31/20173,39428N/A396N/A
12/31/20163,31420N/A437N/A
9/30/20163,24625N/A342N/A
6/30/20163,1556N/A311N/A
3/31/20163,054-29N/A252N/A
12/31/20152,986-22N/A248N/A
9/30/20152,966-91N/A222N/A
6/30/20152,987-94N/A207N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WMG's forecast earnings growth (30.4% per year) is above the savings rate (3.4%).

Earnings vs Market: WMG's earnings (30.4% per year) are forecast to grow faster than the US market (15.8% per year).

High Growth Earnings: WMG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WMG's revenue (5.3% per year) is forecast to grow slower than the US market (11% per year).

High Growth Revenue: WMG's revenue (5.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: WMG's Return on Equity is forecast to be very high in 3 years time (57.6%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/01 04:49
End of Day Share Price 2026/05/01 00:00
Earnings2025/12/31
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Warner Music Group Corp. is covered by 28 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kannan VenkateshwarBarclays
Todd JuengerBernstein
Ian MooreBernstein