| Warner Music Group Corp. Announces Quarterly Cash Dividend |
NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on June 3, 2025, to stockholders of record as of the close of business on May 27, 2025. |
globenewswire.com |
2025-05-16 12:25:00 |
Czytaj oryginał (ang.) |
| Warner Music Group: Still Overvalued |
Warner Music Group is overvalued due to high market expectations and low growth rates, making it an unattractive investment at its current price. Recent earnings show declines in revenue and net income, indicating ineffective cost management and suboptimal financial performance. Warner's long-term debt is too high relative to net income, with a concerning debt-to-income ratio nearing 9 times. |
seekingalpha.com |
2025-05-11 13:15:00 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. (WMG) Q2 2025 Earnings Call Transcript |
Warner Music Group Corp. (NASDAQ:WMG ) Q2 2025 Results Conference Call May 8, 2025 8:30 AM ET Company Participants Kareem Chin - Head of Investor Relations Robert Kyncl - Chief Executive Officer Bryan Castellani - Chief Financial Officer Conference Call Participants Michael Morris - Guggenheim Securities LLC Benjamin Black - Deutsche Bank Kutgun Maral - Evercore ISI Batya Levi - UBS Kiscada Hastings - JPMorgan Stephen Laszczyk - Goldman Sachs Operator Welcome to Warner Music Group's Second Quarter Earnings Call for the period ended March 31, 2025. At the request of Warner Music Group, today's call is being recorded for replay purposes, and if you object, you may disconnect at any time. |
seekingalpha.com |
2025-05-10 20:00:18 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. (WMG) Lags Q2 Earnings and Revenue Estimates |
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.18 per share a year ago. |
zacks.com |
2025-05-08 13:55:41 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. Reports Results for Fiscal Second Quarter Ended March 31, 2025 |
Financial Highlights Q2 Performance Driven by Revenue Growth Across Recorded Music and Music Publishing Cost Savings Plans on Track, With Reinvestment Initiatives Accelerating Year-to-Date Operating Cash Flow and Free Cash Flow Increased by 53% and 59%, Respectively For the three months ended March 31, 2025 Total revenue decreased 1% , or increased 1% in constant currency Net incom e decreased 63% to $36 million versus $96 million in the prior-ye ar quar ter Operating income increased 41% to $168 million versus $119 million in the prior-year quarter Adjusted OIBDA decreased 3% to $303 million , versus $312 million in the prior-year quarter, or 1% in constant currency Cash provided by operating activities increased to $69 million from cash used in operating activities of $31 million in the prior-year quarter NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its second-quarter financial results for the period ended March 31, 2025. “Our strategy is starting to bear fruit, with our strongest chart presence in two years, translating to expanding new release market share in the US. |
globenewswire.com |
2025-05-08 11:30:00 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. (WMG) Reports Next Week: Wall Street Expects Earnings Growth |
Warner Music Group (WMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-05-01 15:08:18 |
Czytaj oryginał (ang.) |
| WARNER MUSIC GROUP PARTNERS WITH ENTREPRENEURIAL POWERHOUSE ANJULA ACHARIA |
'5 Junction' imprint focused on breaking American artists of South Asian heritage and talent from the Subcontinent in the U.S. NEW YORK , April 22, 2025 /PRNewswire/ -- Warner Music Group (Nasdaq: WMG) and entrepreneurial powerhouse Anjula Acharia are partnering to launch 5 Junction, a new JV label focused on discovering and nurturing U.S.-based artists of South Asian heritage, as well as amplifying the success of WMG's existing artists from South Asia and its diaspora. 5 Junction will collaborate closely with LA-based Warner Records, led by Tom Corson [Co-Chairman and COO] and Aaron Bay-Schuck [Co-Chairman and CEO]. |
prnewswire.com |
2025-04-22 15:00:00 |
Czytaj oryginał (ang.) |
| Warner Music appoints former Activision Blizzard executive as finance chief |
Warner Music Group , the label behind artists such as Ed Sheeran and Dua Lipa, has appointed former Activision Blizzard executive Armin Zerza as its finance chief, the music entertainment company said on Monday. |
reuters.com |
2025-04-14 15:21:51 |
Czytaj oryginał (ang.) |
| WARNER MUSIC GROUP APPOINTS ARMIN ZERZA AS EVP & CFO EFFECTIVE MAY 5 |
Accomplished Leader from Activision Blizzard and Procter & Gamble NEW YORK , April 14, 2025 /PRNewswire/ -- Warner Music Group Corp. (Nasdaq: WMG) today announced that Armin Zerza is joining the company as Executive Vice President and Chief Financial Officer, effective May 5, reporting to CEO Robert Kyncl. Zerza brings extensive global financial, commercial, and operational leadership experience, most recently serving as CFO of Activision Blizzard, while it was traded on the NASDAQ stock exchange. |
prnewswire.com |
2025-04-14 13:00:00 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, May 8, 2025 |
NEW YORK, April 10, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, May 8, 2025, for the second quarter ended March 31, 2025, and will hold an earnings conference call that morning at 8:30 a.m. ET. |
globenewswire.com |
2025-04-10 13:00:00 |
Czytaj oryginał (ang.) |
| WARNER MUSIC GROUP AND JOSH GROBAN HONORED AT HARMONY PROGRAM GALA |
Annual event raises funds to advance the organization's efforts to bring music education into under-served communities NEW YORK , April 3, 2025 /PRNewswire/ -- Last night, longtime Harmony Program supporter Warner Music Group (NASDAQ: WMG) and Grammy-nominated artist and philanthropist Josh Groban were honored at the organization's annual gala held at The Altman Building in Flatiron. Hosted by CBS Mornings Plus' Adriana Diaz, the festive evening celebrated the Harmony Program's momentous efforts and raised nearly $800,000 to advance their mission to bring music education into under-served communities across New York City. |
prnewswire.com |
2025-04-03 16:20:00 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. Announces Quarterly Cash Dividend |
NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on March 4, 2025, to stockholders of record as of the close of business on February 24, 2025. |
globenewswire.com |
2025-02-14 10:25:00 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. (WMG) Q1 2025 Earnings Call Transcript |
Warner Music Group Corp. (NASDAQ:WMG ) Q1 2025 Earnings Conference Call February 6, 2025 8:30 AM ET Company Participants Kareem Chin - Head, Investor Relations Robert Kyncl - Chief Executive Officer Bryan Castellani - Chief Financial Officer Conference Call Participants Benjamin Swinburne - Morgan Stanley Michael Morris - Guggenheim Securities LLC Benjamin Black - Deutsche Bank Kannan Venkateswar - Barclays Rich Greenfield - LightShed Partners Kutgun Maral - Evercore ISI Batya Levi - UBS Stephen Laszczyk - Goldman Sachs Jessica Reif Ehrlich - Bank of America Securities Operator Welcome to Warner Music Group's First Quarter Earnings Call for the period ended December 31, 2024. At the request of Warner Music Group, today's call is being recorded for replay purposes, and if you object, you may disconnect at any time. |
seekingalpha.com |
2025-02-06 13:28:10 |
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| Spotify, Warner Music Group sign new deal to help deliver ‘further paid subscription tiers' |
Spotify and Warner Music Group (WMG) have unveiled a new multi-year agreement that covers both recorded music and music publishing, the companies announced on Thursday. WMG owns labels behind popular artists like Dua Lipa, Coldplay, and Ed Sheeran. |
techcrunch.com |
2025-02-06 12:24:31 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. (WMG) Surpasses Q1 Earnings and Revenue Estimates |
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.30 per share a year ago. |
zacks.com |
2025-02-06 11:45:27 |
Czytaj oryginał (ang.) |
| Spotify, Warner Music Group sign new multi-year distribution deal |
Spotify and Warner Music Group , which owns labels behind artists such as Ed Sheeran and Dua Lipa, signed a new multi-year deal for recording and publishing music, the companies said on Thursday. |
reuters.com |
2025-02-06 11:31:06 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. Reports Results for Fiscal First Quarter Ended December 31, 2024 |
Financial Highlights Warner Music Group and Spotify Today Announced New, Multi-Year Agreement, Covering Both Recorded Music and Music Publishing Music Publishing Delivers Continued Growth Led by Strength in Performance and Digital Operating Cash Flow Growth of 13% with Conversion of 91% Reaffirming Full-Year Recorded Music Subscription Streaming Revenue and Operating Cash Flow Conversion Guidance Tempo Music Investment Demonstrates Disciplined M&A Strategy Focused on Accretive Opportunities For the three months ended December 31, 2024 Total revenue decreased 5% , or 4% in constant currency Net incom e increased 25% to $241 million versus $193 million in the prior-ye ar quar ter Operating income decreased 40% to $214 million versus $354 million in the prior-year quarter Adjusted OIBDA decreased 20% to $363 million , versus $451 million in the prior-year quarter, or 18% in constant currency Cash provided by operating activities increased to $332 million , versus $293 million in the prior-year quarter NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its first-quarter financial results for the period ended December 31, 2024. Robert Kyncl, CEO of Warner Music Group said: “This quarter, we saw success with new stars, global superstars, longtime legends, and irreplaceable catalog. |
globenewswire.com |
2025-02-06 09:30:00 |
Czytaj oryginał (ang.) |
| WARNER MUSIC GROUP AND SPOTIFY ANNOUNCE NEW MULTI-YEAR AGREEMENT TO FUEL GROWTH AND INNOVATION |
NEW YORK , Feb. 6, 2025 /PRNewswire/ -- Spotify and Warner Music Group (NASDAQ: WMG) today announced a new, multi-year agreement, which covers both Recorded Music and Music Publishing. Through the deal, the two companies strengthen their joint commitment to artists, songwriters, and fans, as well as the growth of the music ecosystem through innovative collaboration. |
prnewswire.com |
2025-02-06 09:00:00 |
Czytaj oryginał (ang.) |
| WARNER MUSIC GROUP ACQUIRES CONTROLLING STAKE IN TEMPO MUSIC |
Catalog includes rights in songs recorded by Bruno Mars, Twenty One Pilots, Adele, Wiz Khalifa, Florida Georgia Line, and Lukas Graham Providence Equity Partners to Remain a Minority Investor NEW YORK , Feb. 6, 2025 /PRNewswire/ -- Warner Music Group Corp. ("Warner Music Group" or "WMG") today announced that it has acquired a controlling stake in Tempo Music Investments ("Tempo"), an investment platform for premium music rights, from Providence Equity Partners ("Providence"). Providence will remain a minority investor in Tempo and continue to work with WMG in an advisory capacity. |
prnewswire.com |
2025-02-06 08:30:00 |
Czytaj oryginał (ang.) |
| The Best Communication Services Stocks to Buy |
Communication services stocks represent a diverse segment of the market that includes media companies, internet giants and telecoms. Here's how to find the best ones. |
kiplinger.com |
2025-02-04 19:19:45 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. (WMG) Reports Next Week: Wall Street Expects Earnings Growth |
Warner Music Group (WMG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-01-30 13:06:37 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, February 6, 2025 |
NEW YORK, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, February 6, 2025, for the first quarter ended December 31, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET. |
globenewswire.com |
2025-01-09 11:00:00 |
Czytaj oryginał (ang.) |
| The Latin GRAMMY Cultural Foundation® Announces the 2025 Warner Music Latina Scholarship |
MIAMI--(BUSINESS WIRE)--The Latin GRAMMY Cultural Foundation announces 2025 Warner Latina Scholarship. Additional aid available to students with financial limitations. |
businesswire.com |
2024-12-20 12:00:00 |
Czytaj oryginał (ang.) |
| 4 Film & Television Production Stocks to Watch Amid Dull Industry Trends |
Film and television production and distribution companies like WMG, NWSA, LGF.A and IMAX are thriving due to the heightened consumption of digital entertainment and a revitalized advertising spending climate. |
zacks.com |
2024-12-02 12:36:19 |
Czytaj oryginał (ang.) |
| Downgrading Warner Music Group As Spotify And Live Nation Strike A Chord |
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. |
seekingalpha.com |
2024-11-23 11:30:00 |
Czytaj oryginał (ang.) |
| These Analysts Cut Their Forecasts On Warner Music Following Q4 Earnings |
Warner Music Group Corp WMG reported downbeat fiscal fourth-quarter 2024 earnings on Thursday. |
benzinga.com |
2024-11-22 15:25:07 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. (WMG) Q4 2024 Earnings Call Transcript |
Warner Music Group Corp. (NASDAQ:WMG ) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Kareem Chin - Head, Investor Relations Robert Kyncl - Chief Executive Officer Bryan Castellani - Chief Financial Officer Conference Call Participants Kutgun Maral - Evercore ISI Benjamin Swinburne - Morgan Stanley Jason Bazinet - Citi Benjamin Black - Deutsche Bank David Karnovsky - J.P. Morgan Devin Brisco - Wolfe Research James Heaney - Jefferies Batya Levi - UBS Stephen Laszczyk - Goldman Sachs Jessica Reif Ehrlich - Bank of America Securities Operator Welcome to Warner Music Group's Fourth Quarter Earnings Call for the period ended September 30, 2024. |
seekingalpha.com |
2024-11-21 22:33:44 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. (WMG) Misses Q4 Earnings Estimates |
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.34 per share a year ago. |
zacks.com |
2024-11-21 11:46:09 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2024 |
Financial Highlights Full-Year Results Reflect Healthy Performance Across Recorded Music and Music Publishing Continued Strong Growth in Subscription Streaming Underpinned by Healthy Macro Trends Music Publishing Achieves its Fourth Consecutive Year of Double-Digit Revenue Growth Delivered Operating Cash Flow Conversion of 53 % in line with Guidance For the three months ended September 30, 2024 Total revenue increased 3% (the same in constant currency) Digital revenue was flat compared to prior-year quarter Net income was $48 million versus $154 million in prior-year quarter Adjusted OIBDA increased 11% to $353 million versus $317 million in prior-year quarter (the same in constant currency) Cash provided by operating activities decreased 10% to $304 million from $338 million in prior-year quarter For the twelve months ended September 30, 2024 Total revenue increased 6% , or 7% in constant currency Digital revenue increased 7% , or 8% in constant currency Net income was $478 million versus $439 million in prior year Adjusted OIBDA increased 16% to $1,432 million versus $1,235 million in prior year (the same in constant currency) Cash provided by operating activities increased 10% to $754 million from $687 million in prior year NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. today announced its fourth-quarter and full-year financial results for the periods ended September 30, 2024. "Our performance this quarter and this year demonstrated our strength and adaptability in a thriving, fast-moving market," said Robert Kyncl, CEO, Warner Music Group. |
globenewswire.com |
2024-11-21 09:30:00 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. Announces Quarterly Cash Dividend |
NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on December 3, 2024, to stockholders of record as of the close of business on November 19, 2024. |
globenewswire.com |
2024-11-08 10:25:00 |
Czytaj oryginał (ang.) |
| M&A will have big uptick in Trump administration, says Warner Music Group chair Michael Lynton |
Michael Lynton, Warner Music Group and Snap chair, joins CNBC's 'Squawk on the Street' to discuss how a Trump administration may impact business, expectations for M&A activity, and more. |
youtube.com |
2024-11-06 13:26:13 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, November 21, 2024 |
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, November 21, 2024, for the fourth quarter and fiscal year ended September 30, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET. |
globenewswire.com |
2024-10-22 13:00:00 |
Czytaj oryginał (ang.) |
| Warner Music Hit By Streaming Volatility And Execution Risks: Analyst |
BofA Securities analyst Jessica Reif Ehrlich downgraded Warner Music Group Corp WMG from Neutral to Underperform and lowered the price target from $33 to $30. |
benzinga.com |
2024-10-04 18:41:14 |
Czytaj oryginał (ang.) |
| ATLANTIC MUSIC GROUP BEGINS NEW ERA |
Focus on cultural impact and creative expertise New leadership empowered at Atlantic, 300 Entertainment, and 10K Projects Key moves include promotions of Lanre Gaba and Erica Bellarosa, appointment of Dave Rocco, and elevation of Craig Kallman NEW YORK , Sept. 23, 2024 /PRNewswire/ -- Today, Atlantic Music Group (AMG), part of Warner Music Group (Nasdaq: WMG), unveiled its dynamic new leadership team and structure. |
prnewswire.com |
2024-09-23 13:33:00 |
Czytaj oryginał (ang.) |
| Warner Music Expands Layoffs in Restructuring Push |
Warner Music Group (WMG) said it is going to expand its planned layoffs as part of an updated restructuring plan aimed at freeing up cash to boost its core music operations. |
investopedia.com |
2024-09-20 14:10:53 |
Czytaj oryginał (ang.) |
| Warner Music slashing 750 jobs — or 13% of workforce — in major restructuring |
In February, Warner Music, home to artists such as Dua Lipa and Teddy Swims, said that it would cut 600 employees - about 10% of its workforce. |
nypost.com |
2024-09-19 23:33:47 |
Czytaj oryginał (ang.) |
| 4 Film & Television Production Stocks to Watch on Dull Industry Trends |
Film and television production and distribution companies like WMG, LGF.A, IMAX and CURI are thriving due to the heightened consumption of digital entertainment and a revitalized advertising spending climate. |
zacks.com |
2024-09-03 15:10:48 |
Czytaj oryginał (ang.) |
| Rival Paramount bid emerges from former Warner Music boss |
The Paramount Global takeover saga has taken a fresh twist with Edgar Bronfman Jr., the media industry veteran who previously headed Warner Music, tabling a $4.3 billion offer for a controlling stake in the business. The deal would see Bronfman take control of National Amusements, the company through which the Redstone family controls the sprawling Paramount media business. |
proactiveinvestors.com |
2024-08-20 06:53:20 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. Announces Quarterly Cash Dividend |
NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on September 4, 2024, to stockholders of record as of the close of business on August 27, 2024. |
globenewswire.com |
2024-08-15 12:25:00 |
Czytaj oryginał (ang.) |
| Big 3 Music Giant Warner: Streaming Boom Sends Shares Higher |
Warner Music Group NASDAQ: WMG is in the communication services sector and is one of the “Big 3” companies in the music recording and publishing industry, including Sony Music Group and Universal Music Group OTCMKTS: UMGNF. |
marketbeat.com |
2024-08-08 13:52:15 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. (WMG) Q3 2024 Earnings Call Transcript |
Warner Music Group Corp. (WMG) Q3 2024 Earnings Call Transcript |
seekingalpha.com |
2024-08-07 17:23:06 |
Czytaj oryginał (ang.) |
| Warner Music Group Corp. (WMG) Q3 Earnings Beat Estimates |
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.28 per share a year ago. |
zacks.com |
2024-08-07 13:50:57 |
Czytaj oryginał (ang.) |