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Warner Music Group Corp.

WMGCommunication ServicesNASDAQ

Entertainment · Last scanned May 30, 2026

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Financials · Annual
Revenue
$6.71B
+4.4% YoY
Net Income
$365.0M
-16.1% YoY
EBITDA
$1.03B
-5.6% YoY
Free Cash Flow
$426.6M

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About Warner Music Group Corp.

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. At a $16.45B market cap, Warner Music Group Corp. ranks as a large-cap company within communication services. It operates through Recorded Music and Music Publishing segments.

Key stats
Market Cap$16.45B
P/E (TTM)37.55
Fwd P/E16.10
EPS$0.84
Beta1.25
52W Change+21.4%
Dividend Yield2.41%
ROE51.0%
Analysis

On the balance sheet, WMG has $741.0M in cash with $4.94B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $426.6M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 51.0%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 7.3% suggests reasonable efficiency in deploying the company's asset base. Revenue has been uneven over recent years, ranging from $5.92B to $6.71B.

Warner Music Group Corp. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing WMG.

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