Warner Music Group Corp.(WMG)— Stock Profile, AI Score & Financials
Communication Services · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Warner Music Group Corp. (WMG) stock profile, AI quality score, and SEC EDGAR financial data, a Communication Services sector company. 13F Pro's AI-powered ranking engine scores WMG at 65.0/100 on a 32-signal composite quality model, placing it at rank #512 of 2,961 stocks — the top 25% of the AI-ranked universe. WMG scores in the top quartile across revenue scale (83.1), institutional flow (80.5), balance sheet strength (75.7). Based on the latest XBRL financial filings (Q2 2026), Warner Music Group Corp. reports quarterly revenue of $1.9B, net income of $204.0M, an operating margin of 16.4%. Top institutional holders of WMG by reported 13-F value include Independent Franchise Partners LLP, Darsana Capital Partners, JPMORGAN CHASE, based on the most recent SEC filings. WMG trades on the Nasdaq exchange and files with the SEC under CIK 1319161. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WMG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Warner Music Group Corp. directly from SEC EDGAR.
AI Quality Score
65.0/100
AI Rank
#512
Revenue
$1.9B
Net Income
$204.0M
Free Cash Flow
$114.0M
Operating Margin
16.4%
WMG key financials by period
Warner Music Group Corp. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$6.7B
$365.0M
10.3%
FY 2024
10-K
$6.4B
$435.0M
12.8%
FY 2023
10-K
$6.0B
$430.0M
13.1%
FY 2022
10-K
$5.9B
$551.0M
12.1%
FY 2021
10-K
$5.3B
$304.0M
11.5%
FY 2020
10-K
$4.5B
$-475.0M
-5.1%
Institutions holding WMG
Institutional investors reporting a position in Warner Music Group Corp. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-05 — Q3 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
WMG revenue rose 10% YoY to $1,864M with both segments growing double digits and Adjusted OIBDA margin expanding to 23%, while CFO/COO Armin Zerza's July 31, 2026 departure introduces near-term leadership uncertainty.
Biggest Revenue Drivers
Recorded Music$1,488M+10% YoY
Driven by increases in digital, artist services and expanded-rights, and physical revenues
Music Publishing$377M+12% YoY
Driven by increases in digital, synchronization, mechanical, and performance revenues
Biggest Revenue Drivers
Total revenue: $1,864M+10% YoY
Recorded Music$1,488M+10% YoY
Driven by increases in digital, artist services and expanded-rights, and physical revenues
Within Recorded Music
Digital$1,016M+9% YoY
Growth in streaming revenue from continued growth in subscription and ad-supported services
Artist services and expanded-rights$224M+15% YoY
Higher concert promotion revenue primarily in Japan and higher merchandising revenue
Music Publishing$377M+12% YoY
Driven by increases in digital, synchronization, mechanical, and performance revenues
Within Music Publishing
Digital$235M+15% YoY
Increase in streaming revenue driven by continued market growth and impact of new deals and renewals
Largest Expense Items
Cost of revenue$1,010M+11% YoY
Higher artist and repertoire costs and product costs, roughly in line with revenue growth
Selling, general and administrative expenses$464M-1% YoY
Cost savings from the Company's restructuring plans, partially reinvested in the business
Amortization expense$78M+16% YoY
Incremental amortization related to acquisitions of music-related assets
Restructuring and impairments$7M-90% YoY
Prior-year quarter included a $70M initial EMP impairment charge; current quarter includes only a $3M EMP remeasurement
Margins: Adjusted OIBDA margin increased to 23% from 22% YoY, driven by strong operating performance, revenue mix, and restructuring savings (partially reinvested in the business), partially offset by prior-year one-time items and unfavorable FX movements of about $16M.
Watch Items from the Filing
CFO/COO Armin Zerza stepped down for personal reasons effective July 31, 2026, receiving a $3.6M bonus and severance treated as termination without cause.
Total debt was $4.746B (65% fixed rate) with net debt rising to $4.092B from $3.833B at September 30, 2025.
2025 Restructuring Plan targets ~$300M annualized run-rate pre-tax savings by end of FY2027 against ~$200M total expected pre-tax charges.
Redeemable noncontrolling interest of $133M relates to the Beethoven JV, where BainCo holds a 50% stake with exit rights beginning at the JV's sixth anniversary.
Reported digital revenue growth was tempered by prior-year one-time items (Copyright Settlement of $16M, BMG Termination); adjusted total revenue growth was 12% versus 10% reported.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
