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Warner Music Group Corp
NASDAQ:WMG

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Warner Music Group Corp
NASDAQ:WMG
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Price: 30.86 USD 4.26% Market Closed
Market Cap: $16.1B

Warner Music Group Corp
Investor Relations

In the dynamic landscape of the music industry, Warner Music Group Corp. stands as a towering presence, tracing its roots back to a rich legacy of sound and creativity. Established as a major player among the "Big Three" record labels, Warner Music Group encompasses an eclectic tapestry of artists, from emerging voices to legendary icons, spanning a multitude of genres. The company divides its business primarily into recorded music and music publishing, both crucial to its revenue streams. Recorded music, a substantial part of Warner's operations, involves the discovery and development of artists, producing, marketing, and distribution of music catalogues. This segment harnesses the commercial power of streaming platforms, digital downloads, physical sales, and licensing for synchronization across movies, games, and advertisements, propelling its financial engine forward.

Equally vital, Warner's music publishing arm, Warner Chappell Music, thrives by managing rights for a diverse library of songs, offering a bridge between songwriters and potential revenue opportunities. Through complex licensing deals, this segment ensures songwriters are compensated whenever their music is performed publicly, broadcasted, or transformed into various media. With a global presence marked by local expertise across regions, Warner Music Group marries artistic innovation with strategic financial acumen, fostering an environment where both artists and shareholders can thrive. The company's adept navigation through a digitally evolving industry landscape illustrates its commitment to leveraging technology, expansion in emerging markets, and strategic acquisitions to drive growth and sustain its influential rhythm across the global music scene.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Feb 5, 2026
AI Summary
Q1 2026

Revenue Growth: Warner Music Group delivered 7% total revenue growth in Q1, marking its third straight quarter of strong, profitable growth.

Streaming Performance: Recorded music subscription streaming revenue rose 9% (adjusted), while ad-supported streaming grew 4%.

Margin Expansion: Adjusted OIBDA margin increased by 310 basis points, and overall margin reached 25%, up more than 300 bps YoY.

AI Partnerships: Management highlighted new AI deals, including with Suno and Udio, as future top and bottom line growth drivers, expected to be material by fiscal 2027.

Cash Flow: Operating cash flow rose 33% in Q1, with conversion close to 100% of adjusted OIBDA.

Strategic Investments: Increased JV with Bain from $1.2B to $1.65B to fund high-quality catalog acquisitions.

Outlook: Management remains confident in accelerating growth, margin expansion to mid/high 20s, and ongoing strong release pipeline.

Key Financials
Cash Balance
$751 million
Bain JV Capacity
$1.65 billion
Other Earnings Calls

Management

Mr. Robert Kyncl
President, CEO & Director
No Bio Available
Mr. Guy Moot
Co-Chair & CEO of Warner Chappell Music
No Bio Available
Ms. Carianne Marshall
Co-Chair & COO of Warner Chappell Music
No Bio Available
Mr. Bryan Castellani
Executive VP & CFO
No Bio Available
Mr. Timothy Matusch
Executive Vice President of Strategy & Operations
No Bio Available
Mr. Ariel Bardin
President of Technology
No Bio Available
Mr. Kareem Chin
Senior VP & Head of Investor Relations
No Bio Available
Mr. Paul Martin Robinson Esq., J.D.
Executive VP & General Counsel
No Bio Available
Trent N. Tappe Esq.
Senior VP, Deputy General Counsel, Chief Compliance Officer & Secretary
No Bio Available
Mr. James Steven
Executive VP & Chief Communications Officer
No Bio Available

Contacts

Address
NEW YORK
New York City
1633 Broadway
Contacts
+12122752000.0
www.wmg.com