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Warner Music Group Corp.

Warner Music Group Corp.WMGEarnings & Financial Report

Nasdaq · music industry

Warner Music Group Corp., commonly abbreviated as WMG, is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the "Big Three" recording companies and the third-largest in the global music industry, after Universal Music Group and Sony Music Entertainment.

WMG Q1 2026 Key Financial Metrics

Revenue

$1.8B

Gross Profit

$853.0M

Operating Profit

$288.0M

Net Profit

$176.0M

Gross Margin

46.4%

Operating Margin

15.7%

Net Margin

9.6%

YoY Growth

10.4%

Financial Flow

Warner Music Group Corp. Q1 2026 Financial Summary

Warner Music Group Corp. reported revenue of $1.8B for Q1 2026, with a net profit of $176.0M (9.6% margin). Cost of goods sold was $987.0M, operating expenses totaled $565.0M.

Key Financial Metrics

Total Revenue$1.8B
Net Profit$176.0M
Gross Margin46.4%
Operating Margin15.7%
Report PeriodQ1 2026

Warner Music Group Corp. Annual Revenue by Year

Warner Music Group Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.7B).

YearAnnual Revenue
2025$6.7B
2024$6.4B
2023$6.0B
2022$5.9B

Income Statement

Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026
Revenue$1.49B$1.55B$1.63B$1.67B$1.48B$1.69B$1.87B$1.84B
YoY Growth6.8%-0.6%2.8%-4.7%-0.7%8.7%14.6%10.4%

Balance Sheet

Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026
Assets$8.73B$8.83B$9.15B$9.15B$9.57B$9.78B$9.83B$10.01B
Liabilities$8.15B$8.20B$8.48B$8.45B$8.78B$8.96B$9.07B$9.18B
Equity$433.0M$483.0M$518.0M$545.0M$567.0M$589.0M$647.0M$720.0M

Cash Flow

Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026
Operating CF$-31.0M$188.0M$304.0M$332.0M$69.0M$46.0M$231.0M$440.0M

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