Warner Music Group Full Year 2022 Earnings: Beats Expectations

Warner Music Group (NASDAQ:WMG) Full Year 2022 Results

Key Financial Results

• Revenue: US$5.92b (up 12% from FY 2021).
• Net income: US$551.0m (up 84% from FY 2021).
• Profit margin: 9.3% (up from 5.7% in FY 2021). The increase in margin was driven by higher revenue.
• EPS: US$1.07 (up from US$0.58 in FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Warner Music Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are up 7.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Warner Music Group has 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.