Warner Music Group (WMG) Stock Overview
Operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
WMG Community Fair Values
Create NarrativeSee what 11 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Warner Music Group Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$25.65 |
| 52 Week High | US$35.42 |
| 52 Week Low | US$23.34 |
| Beta | 1.29 |
| 1 Month Change | -9.46% |
| 3 Month Change | -25.20% |
| 1 Year Change | -20.76% |
| 3 Year Change | -21.15% |
| 5 Year Change | -29.18% |
| Change since IPO | -14.84% |
Recent News & Updates
Narrative Update • Aug 11
WMG: Streaming Expansion And Content Partnerships Will Support Long Term Economics
Analysts have trimmed their price target on Warner Music Group by $2 to $36. They cited updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, and pointed to recent Q3 results as support for their view despite earlier exogenous pressures on sentiment.Analysis Article • Aug 08
Warner Music Group Corp. Just Beat EPS By 16%: Here's What Analysts Think Will Happen Next
A week ago, Warner Music Group Corp. ( NASDAQ:WMG ) came out with a strong set of third-quarter numbers that could...Seeking Alpha • Aug 07
Warner Music Q3: A High-Quality Compounder At A Much Better Price
Summary Warner Music Group has doubled revenue and nearly tripled EBITDA since IPO, yet its stock price remains flat due to multiple contraction. WMG's core growth is underpinned by robust streaming revenues, improved pricing strategies, and new per-subscriber minimum contracts, notably with Apple. AI presents both opportunity and execution risk; WMG is monetizing AI licensing but must balance artist interests and strategic positioning. Valuation is compelling: forward P/E is projected to drop to ~15x, with potential for 10%+ annual EPS growth and strong compounding over the next decade. Read the full article on Seeking AlphaRecent updates
Narrative Update • Aug 11
WMG: Streaming Expansion And Content Partnerships Will Support Long Term Economics
Analysts have trimmed their price target on Warner Music Group by $2 to $36. They cited updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, and pointed to recent Q3 results as support for their view despite earlier exogenous pressures on sentiment.Analysis Article • Aug 08
Warner Music Group Corp. Just Beat EPS By 16%: Here's What Analysts Think Will Happen Next
A week ago, Warner Music Group Corp. ( NASDAQ:WMG ) came out with a strong set of third-quarter numbers that could...Seeking Alpha • Aug 07
Warner Music Q3: A High-Quality Compounder At A Much Better Price
Summary Warner Music Group has doubled revenue and nearly tripled EBITDA since IPO, yet its stock price remains flat due to multiple contraction. WMG's core growth is underpinned by robust streaming revenues, improved pricing strategies, and new per-subscriber minimum contracts, notably with Apple. AI presents both opportunity and execution risk; WMG is monetizing AI licensing but must balance artist interests and strategic positioning. Valuation is compelling: forward P/E is projected to drop to ~15x, with potential for 10%+ annual EPS growth and strong compounding over the next decade. Read the full article on Seeking Alpha
Narrative Update • Jul 27
WMG: AI Lawsuit And China Expansion Will Test Earnings Execution
Warner Music Group's analyst price target has been nudged higher, with recent Street research citing refined assumptions around revenue growth, profit margins, fair value near $27.22 and a forward P/E closer to 18.28x as key drivers of the updated view. Analyst Commentary Recent Street research on Warner Music Group points to a more fine tuned view of the stock, with higher price targets sitting alongside a measured tone on execution, valuation and growth visibility.Narrative Update • Jul 07
WMG: Earnings Momentum And Streaming Initiatives Will Test Execution Leverage
Analysts have raised their average price target for Warner Music Group to $27.92 from $26.64. This change reflects updated assumptions around fair value, discount rate, growth, margins, and P/E multiples in recent research from firms including BofA, UBS, Morgan Stanley, and JPMorgan.Narrative Update • Jun 23
WMG: AI Rights Management And Content Partnerships Will Support Long Term Economics
Analysts have raised their average price target on Warner Music Group by $5, reflecting recent research that incorporates updated views on the company following a mix of upward and downward target revisions in recent months. Analyst Commentary Recent research on Warner Music Group highlights a split between analysts who see the latest developments as supportive of a higher valuation and those who are more cautious and have reduced their targets.Narrative Update • Jun 06
WMG: Content Partnerships And AI Catalog Risk Will Support Long Term Economics
Narrative Update Warner Music Group's updated analyst price target has moved by a few dollars, with analysts generally pointing to recent target changes at major banks and small adjustments in discount rate, profit margin, and forward P/E assumptions to justify the shift. Analyst Commentary Recent Street research around Warner Music Group has centered on a series of small price target adjustments, both higher and lower, as analysts update models for discount rates, profit margins, and forward P/E assumptions.Narrative Update • May 15
WMG: AI Catalog Risk Will Ultimately Support Long Term Content Economics
Narrative Update on Warner Music Group Analysts have lifted Warner Music Group's implied fair value by about $2 per share, with higher Street price targets reflecting updated assumptions for slightly lower revenue growth and profit margins, a modestly reduced discount rate, and a higher future P/E multiple. Analyst Commentary Recent Street research on Warner Music Group shows a mix of optimism reflected in higher price targets and caution around long term disruption risk, especially from AI driven changes in music creation and consumption.Analysis Article • May 14
We Like Warner Music Group's (NASDAQ:WMG) Earnings For More Than Just Statutory Profit
Shareholders appeared to be happy with Warner Music Group Corp.'s ( NASDAQ:WMG ) solid earnings report last week. This...Narrative Update • Apr 29
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.Narrative Update • Apr 15
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.
New Narrative • Apr 07
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?Narrative Update • Mar 31
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.New Narrative • Mar 24
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?Narrative Update • Mar 11
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.Narrative Update • Feb 25
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.Narrative Update • Feb 10
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.Narrative Update • Jan 27
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.Narrative Update • Jan 12
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.Analysis Article • Jan 07
Should You Think About Buying Warner Music Group Corp. (NASDAQ:WMG) Now?
Today we're going to take a look at the well-established Warner Music Group Corp. ( NASDAQ:WMG ). The company's stock...Narrative Update • Dec 27
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.Narrative Update • Dec 12
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.Narrative Update • Nov 27
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.Narrative Update • Nov 06
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.Narrative Update • Oct 23
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.Narrative Update • Oct 09
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.Analysis Article • Sep 30
Is Warner Music Group (NASDAQ:WMG) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Sep 25
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.Narrative Update • Sep 10
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.Narrative Update • Aug 10
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.Seeking Alpha • Feb 10
Warner Music Group: Strategic Moves To Strengthen Its Catalog And Unlock Premium Revenue
Summary WMG is part of a music industry oligopoly, competing mainly with Universal Music and Sony Music, giving it an advantage over smaller independent labels. The acquisition of Tempo Music expands WMG’s song catalog, boosting its publishing revenue and control over songwriter rights. A Spotify deal aims to monetize "superfans" through premium subscription plans, but its success is uncertain due to a lack of industry precedent. FX fluctuations pose a risk, but WMG’s strong profitability margins suggest resilience despite currency headwinds. WMG appears undervalued based on EV/EBITDA, with a better entry point near horizontal support for a potential technical rebound. Read the full article on Seeking AlphaSeeking Alpha • Nov 23
Downgrading Warner Music Group As Spotify And Live Nation Strike A Chord
Summary Warner Music Group's Q4 earnings report failed to impress, leading to a significant stock drop and highlighting concerns about its competitive position in the music industry. Despite solid revenue growth and a $100M share buyback, WMG struggles as industry peers like Spotify and Live Nation capture investor mind share. Analysts question WMG's ability to leverage pricing strategy and product innovation to boost growth, with management's responses lacking concrete, exciting plans. WMG's potential in emerging markets like India and artist successes are promising, but insufficient to drive immediate stock performance improvement; downgraded to hold. Read the full article on Seeking AlphaShareholder Returns
| WMG | US Entertainment | US Market | |
|---|---|---|---|
| 7D | -2.9% | 3.7% | 0.6% |
| 1Y | -20.8% | -22.0% | 20.1% |
Return vs Industry: WMG exceeded the US Entertainment industry which returned -22% over the past year.
Return vs Market: WMG underperformed the US Market which returned 20.1% over the past year.
Price Volatility
| WMG volatility | |
|---|---|
| WMG Average Weekly Movement | 5.3% |
| Entertainment Industry Average Movement | 9.2% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: WMG has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: WMG's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1929 | 5,500 | Robert Kyncl | www.wmg.com |
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The company is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials.
Warner Music Group Corp. Fundamentals Summary
| WMG fundamental statistics | |
|---|---|
| Market cap | US$13.42b |
| Earnings (TTM) | US$665.00m |
| Revenue (TTM) | US$7.30b |
20.2x
P/E Ratio1.8x
P/S RatioIs WMG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WMG income statement (TTM) | |
|---|---|
| Revenue | US$7.30b |
| Cost of Revenue | US$3.96b |
| Gross Profit | US$3.34b |
| Other Expenses | US$2.68b |
| Earnings | US$665.00m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.27 |
| Gross Margin | 45.77% |
| Net Profit Margin | 9.10% |
| Debt/Equity Ratio | 433.7% |
How did WMG perform over the long term?
See historical performance and comparisonDividends
3.1%
Current Dividend Yield60%
Payout RatioDoes WMG pay a reliable dividends?
See WMG dividend history and benchmarks| Warner Music Group dividend dates | |
|---|---|
| Ex Dividend Date | Aug 20 2026 |
| Dividend Pay Date | Sep 01 2026 |
| Days until Ex dividend | 2 days |
| Days until Dividend pay date | 14 days |
Does WMG pay a reliable dividends?
See WMG dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/17 21:03 |
| End of Day Share Price | 2026/08/14 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/09/30 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 26 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.
| Analyst | Institution |
|---|---|
| Kannan Venkateshwar | Barclays |
| Todd Juenger | Bernstein |
| Ian Moore | Bernstein |