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NEW: Price Reaction to Earnings Reports

View detailed tables showing price action before and after earnings announcements, ranging from intraday to one week out. Track how the market has reacted to past earnings to identify patterns and predict future behavior. Click here to open.

WMG

Warner Music Group Corp

Dec 26 • 01:08PM ET

31.26

Dollar change +0.19
Percentage change 0.63	%

Communication Services • Entertainment • USA • NASD

Peers: SPOT NFLX LYV SONY TME SIRI MTCH IMAX IQ RCL

| Held by: IJH VTI VUG VO VXF MDY VOT SCHA SPMD VOX

Scroll to Statements

Index	-	P/E	37.71	EPS (ttm)	0.83	Insider Own	74.05%	Shs Outstand	142.56M	Perf Week	-0.02%
Market Cap	16.20B	Forward P/E	19.11	EPS next Y	1.64	Insider Trans	-0.25%	Shs Float	134.40M	Perf Month	-2.45%
Income	429.00M	PEG	1.98	EPS next Q	0.38	Inst Own	28.58%	Short Float	5.76%	Perf Quarter	0.08%
Sales	6.43B	P/S	2.52	EPS this Y	3.96%	Inst Trans	6.48%	Short Ratio	5.07	Perf Half Y	1.97%
Book/sh	1.00	P/B	31.26	EPS next Y	15.01%	ROA	4.85%	Short Interest	7.74M	Perf Year	-11.03%
Cash/sh	1.34	P/C	23.34	EPS next 5Y	19.00%	ROE	104.00%	52W Range	27.06 - 38.05	Perf YTD	-12.64%
Dividend Est.	0.73 (2.33%)	P/FCF	25.38	EPS past 5Y	10.55%	ROI	9.01%	52W High	-17.83%	Beta	1.35
Dividend TTM	0.70 (2.24%)	Quick Ratio	0.65	Sales past 5Y	7.72%	Gross Margin	42.70%	52W Low	15.54%	ATR (14)	0.80
Dividend Ex-Date	Nov 19, 2024	Current Ratio	0.68	EPS Y/Y TTM	1.10%	Oper. Margin	18.83%	RSI (14)	43.31	Volatility	2.78% 2.27%
Employees	5800	Debt/Eq	8.28	Sales Y/Y TTM	6.44%	Profit Margin	6.68%	Recom	1.95	Target Price	36.31
Option/Short	Yes / Yes	LT Debt/Eq	8.19	EPS Q/Q	-73.44%	Payout	83.23%	Rel Volume	0.22	Prev Close	31.07
Sales Surprise	2.50%	EPS Surprise	46.25%	Sales Q/Q	2.77%	Earnings	Nov 21 BMO	Avg Volume	1.53M	Price	31.26
SMA20	-2.04%	SMA50	-2.94%	SMA200	-0.21%	Trades		Volume	195,982	Change	0.63%

Date	Action	Analyst	Rating Change	Price Target Change
Oct-04-24	Downgrade	BofA Securities	Neutral → Underperform	$33 → $30
Jul-12-24	Initiated	Wolfe Research	Outperform	$37
Jul-11-24	Resumed	Jefferies	Buy	$43 → $38
Jul-10-24	Downgrade	Redburn Atlantic	Neutral → Sell	$21 → $23
May-06-24	Resumed	Morgan Stanley	Overweight	$43
Feb-05-24	Upgrade	Redburn Atlantic	Sell → Neutral	$17 → $21
Nov-15-23	Initiated	Wells Fargo	Equal Weight	$35
Oct-03-23	Upgrade	UBS	Neutral → Buy	$34 → $37
Jul-25-23	Initiated	TD Cowen	Outperform	$38
Jun-29-23	Initiated	UBS	Neutral	$29
Jun-02-23	Downgrade	Atlantic Equities	Overweight → Neutral	$39 → $26
Mar-22-23	Upgrade	Guggenheim	Neutral → Buy	$35 → $36
Jan-23-23	Downgrade	Barclays	Overweight → Equal Weight	$35
Jan-13-23	Downgrade	Guggenheim	Buy → Neutral	$35
Dec-19-22	Upgrade	Atlantic Equities	Neutral → Overweight	$34 → $41
Nov-23-22	Upgrade	BofA Securities	Underperform → Neutral	$33
Oct-11-22	Initiated	Goldman	Buy	$32
Apr-25-22	Downgrade	Redburn	Neutral → Sell
Mar-11-22	Initiated	Deutsche Bank	Buy	$42
Jan-04-22	Upgrade	Jefferies	Hold → Buy	$41 → $50

Show Previous Ratings

Dec-17-24 02:57PM	Warner Music Group Corp. (WMG) Among Billionaire Daniel Sundheims Top 10 Stock Picks Heading Into 2025 (Insider Monkey)
Dec-03-24 03:03AM	Winners And Losers Of Q3: The New York Times (NYSE:NYT) Vs The Rest Of The Media Stocks (StockStory)
Nov-27-24 03:12AM	A Look Back at Media Stocks Q3 Earnings: Warner Music Group (NASDAQ:WMG) Vs The Rest Of The Pack (StockStory)
Nov-26-24 07:40AM	Warner Music price target lowered to $35 from $38 at Loop Capital (TipRanks)
04:27AM	Reflecting On Media Stocks Q3 Earnings: Scholastic (NASDAQ:SCHL) (StockStory)
02:28PM	Loading…
Nov-22-24 02:28PM	Layoffs in 2024: A List of Companies Cutting Jobs This Year (The Wall Street Journal)
02:02AM	Warner Music Group Corp (WMG) Q4 2024 Earnings Call Highlights: Strong Revenue Growth Amid ... (GuruFocus.com)
01:16AM	Q4 2024 Warner Music Group Corp Earnings Call (Thomson Reuters StreetEvents)
Nov-21-24 04:34PM	Analyst Report: Warner Music Group Corp. (Morningstar Research) -7.40%
03:15PM	Warner Music Group (WMG) Q4 2024 Earnings Call Transcript (Motley Fool)
01:48PM	Why Warner Music Group (WMG) Shares Are Trading Lower Today (StockStory)
01:48PM	Why Warner Music Group (WMG) Shares Are Plunging Today (StockStory)
09:35AM	Warner Music Q4 Earnings: Flat Digital Revenue Growth, Operating Cash Flow Falls (Benzinga)
08:45AM	Warner Music Group Corp. (WMG) Misses Q4 Earnings Estimates (Zacks)
07:36AM	Warner Music Groups (NASDAQ:WMG) Q3: Beats On Revenue (StockStory)
07:30AM	Loading…
07:30AM	Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2024 (GlobeNewswire)
Nov-20-24 02:03AM	Warner Music Group (WMG) To Report Earnings Tomorrow: Here Is What To Expect (StockStory)
Nov-18-24 08:21AM	What Makes Warner Music Group Corp. (WMG) An Investment Bet? (Insider Monkey)
Nov-08-24 08:25AM	Warner Music Group Corp. Announces Quarterly Cash Dividend (GlobeNewswire)
Oct-31-24 07:54AM	Warner Music Group Corp. (WMG): Among the Best Music Stocks to Buy According to Hedge Funds (Insider Monkey)
Oct-22-24 09:00AM	Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, November 21, 2024 (GlobeNewswire)
Oct-15-24 05:03PM	JPMorgan Chase & Co's Strategic Acquisition of Warner Music Group Shares (GuruFocus.com)
Oct-04-24 02:41PM	Warner Music Hit By Streaming Volatility And Execution Risks: Analyst (Benzinga)
Sep-24-24 04:03PM	TikTok to shutter music streaming business in win for Spotify, Apple (Yahoo Finance)
Sep-23-24 09:33AM	ATLANTIC MUSIC GROUP BEGINS NEW ERA (PR Newswire)
Sep-20-24 09:53AM	Warner Music Expands Layoffs in Restructuring Push (Investopedia)
07:19AM	5 Things to Know Before the Stock Market Opens (Investopedia)
Sep-19-24 07:16PM	Warner Music Increases Layoff Plans (The Wall Street Journal)
Aug-27-24 04:31AM	A Look Back at Media Stocks Q2 Earnings: Endeavor (NYSE:EDR) Vs The Rest Of The Pack (StockStory)
Aug-23-24 04:19AM	Winners And Losers Of Q2: Warner Music Group (NASDAQ:WMG) Vs The Rest Of The Media Stocks (StockStory)
04:04AM	Loading…
Aug-22-24 04:04AM	Q2 Earnings Highlights: News Corp (NASDAQ:NWSA) Vs The Rest Of The Media Stocks (StockStory)
Aug-21-24 07:00AM	Edgar Bronfman Jr.s Long, Tortuous Path to Paramount Offer (Bloomberg)
Aug-19-24 11:10PM	Edgar Bronfman bids $4.3 bln for National Amusements, Paramount- WSJ (Investing.com)
Aug-15-24 04:30PM	Edgar Bronfman Prepares Bid for Paramount and Its Parent National Amusements (The Wall Street Journal)
08:25AM	Warner Music Group Corp. Announces Quarterly Cash Dividend (GlobeNewswire)
Aug-13-24 07:00AM	ExecThread Ranks No. 524 on the Inc. 5000 List of America's Fastest Growing Companies (PR Newswire)
Aug-08-24 09:59AM	Analyst Report: Warner Music Group Corp. (Morningstar Research)
01:05AM	Decoding Warner Music Group Corp (WMG): A Strategic SWOT Insight (GuruFocus.com)
Aug-07-24 12:45PM	Warner Music Group (WMG) Q3 2024 Earnings Call Transcript (Motley Fool)
11:19AM	Why Is Warner Music Stock Trading Higher On Wednesday? (Benzinga)
08:50AM	Warner Music Group Corp. (WMG) Q3 Earnings Beat Estimates (Zacks)
07:47AM	Warner Music Group (NASDAQ:WMG) Misses Q2 Sales Targets (StockStory)
07:30AM	Warner Music Group Corp. Reports Results for Fiscal Third Quarter Ended June 30, 2024 (GlobeNewswire)
Aug-06-24 09:35AM	Down -9.6% in 4 Weeks, Here's Why You Should You Buy the Dip in Warner Music Group (WMG) (Zacks)
03:10AM	What To Expect From Warner Music Group's (WMG) Q2 Earnings (StockStory)
Aug-01-24 04:00PM	WARNER MUSIC GROUP ANNOUNCES REORGANIZATION OF RECORDED MUSIC OPERATIONS (PR Newswire)
Jul-31-24 10:01AM	Analysts Estimate Warner Music Group Corp. (WMG) to Report a Decline in Earnings: What to Look Out for (Zacks)
Jul-24-24 04:30PM	Warner Music Group Corp. to Conduct Earnings Conference Call on Wednesday, August 7, 2024 (GlobeNewswire) -6.59%
Jul-22-24 03:24AM	Winners And Losers Of Q1: Warner Bros. Discovery (NASDAQ:WBD) Vs The Rest Of The Media Stocks (StockStory)
Jul-19-24 08:53AM	Jefferies Selects 2 Promising Music Stocks Heres Why They May Be Worth Buying (TipRanks)
03:56AM	Q1 Media Earnings: The New York Times (NYSE:NYT) Earns Top Marks (StockStory)
Jul-10-24 09:00AM	Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, August 8, 2024 (GlobeNewswire)
Jul-08-24 05:20PM	Commercial real estate, Good Buy or Goodbye: Market Domination (Yahoo Finance Video)
04:40PM	Universal or Warner: Which music stock is the one to own? (Yahoo Finance Video)
Jul-03-24 05:37AM	Q1 Earnings Outperformers: Warner Music Group (NASDAQ:WMG) And The Rest Of The Media Stocks (StockStory)
Jul-02-24 02:08PM	Analyst Report: Warner Music Group Corp. (Morningstar Research)
Jun-24-24 05:42PM	Music Labels Take On AI Startups With New Lawsuits (The Wall Street Journal)
Jun-14-24 06:53PM	Analyst Report: Warner Music Group Corp. (Morningstar Research)
Jun-13-24 06:34PM	Analyst Report: Warner Music Group Corp. (Morningstar Research)
Jun-10-24 11:51AM	Edgar Bronfman Eyes $2 Billion-Plus Bid for Company That Controls Paramount (The Wall Street Journal)
Jun-07-24 06:09PM	KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600 (PR Newswire)
Jun-06-24 10:30AM	MICHAEL RYAN-SOUTHERN TO JOIN WARNER MUSIC GROUP AS EVP, CORPORATE DEVELOPMENT (PR Newswire)
May-29-24 06:38PM	Analyst Report: Warner Music Group Corp. (Morningstar Research)
May-21-24 11:02AM	Warner Music Group Corp's Dividend Analysis (GuruFocus.com)
May-14-24 09:00AM	Warner Music Group Corp. to Participate in J.P. Morgan Global Technology, Media and Communications Conference (GlobeNewswire)
May-13-24 08:25AM	Warner Music Group Corp. Announces Quarterly Cash Dividend (GlobeNewswire)
May-10-24 11:42AM	Warner Music Group Corp. (NASDAQ:WMG) Q2 2024 Earnings Call Transcript (Insider Monkey)
07:03AM	Morgan Stanley Lowers Price Target on Warner Music Group to $41 From $43, Keeps Overweight Rating (MT Newswires)
01:07AM	Decoding Warner Music Group Corp (WMG): A Strategic SWOT Insight (GuruFocus.com)
12:45AM	Q2 2024 Warner Music Group Corp Earnings Call (Thomson Reuters StreetEvents)
May-09-24 08:15PM	Warner Music Group (WMG) Q2 2024 Earnings Call Transcript (Motley Fool) -8.64%
05:53PM	Analyst Report: Warner Music Group Corp. (Morningstar Research)
05:17PM	Update: Warner Music Shares Down After Supreme Court Allows Music Producer to Collect Over Decade Worth of Damages (MT Newswires)
03:54PM	Sector Update: Consumer Stocks Rise in Late Afternoon Trading (MT Newswires)
02:04PM	US Supreme Court Allows Music Producer to Collect Over a Decade Worth of Damages from Warner Music (MT Newswires)
01:42PM	Sector Update: Consumer Stocks Higher in Afternoon Trading (MT Newswires)
01:12PM	Warner Music Tops Fiscal Second-Quarter Views Despite BMG Distribution Deal Termination (MT Newswires)
08:45AM	Warner Music Group Corp. (WMG) Q2 Earnings and Revenues Beat Estimates (Zacks)
08:32AM	Warner Music Group Fiscal Q2 Earnings, Revenue Rise; Shares Fall Pre-Bell (MT Newswires)
07:32AM	Warner Music Group's (NASDAQ:WMG) Q1 Sales Top Estimates (StockStory)
07:30AM	Warner Music Group Corp. Reports Results for Fiscal Second Quarter Ended March 31, 2024 (GlobeNewswire)
May-08-24 04:48PM	Warner Bros. Discover earnings, Fed Speak: What to watch (Yahoo Finance Video)
03:04AM	Warner Music Group (WMG) Q1 Earnings: What To Expect (StockStory)
May-06-24 07:27AM	Morgan Stanley Resumes Coverage of Warner Music Group at Overweight With $43 Price Target (MT Newswires)
May-02-24 10:01AM	Warner Music Group Corp. (WMG) Earnings Expected to Grow: Should You Buy? (Zacks)
Apr-10-24 09:00AM	Warner Music Group Corp. To Conduct Earnings Conference Call on Thursday, May 9, 2024 (GlobeNewswire)
Apr-08-24 05:02AM	UPDATE 2-European stocks gain on German data as focus turns to ECB policy meeting (Reuters) +5.31%
Apr-06-24 11:40AM	UPDATE 1-Warner Music drops plans to bid for France's Believe (Reuters)
11:18AM	Warner Music drops plans to bid for France's Believe (Reuters)
Apr-02-24 09:30PM	AYUSHMANN KHURRANA SIGNS GLOBAL DEAL WITH WARNER MUSIC INDIA (PR Newswire) +5.78%
Mar-20-24 12:30AM	WARNER MUSIC EXPANDS DEAL WITH JETSYNTHESYS' GLOBAL MUSIC JUNCTION (PR Newswire)
Mar-08-24 03:03AM	12 Best Entertainment Stocks to Buy for 2024 (Insider Monkey)
Mar-07-24 03:47AM	Warner Music plans $1.8 billion bid to buy France's Believe (Reuters)
02:56AM	Warner Music plans to offer at least 17 euros/shr to buy France's Believe (Reuters)
02:30AM	Warner Music Group Confirms Its Indication of Interest in Relation to French Digital Music Company Believe SA (GlobeNewswire)
Mar-05-24 10:00AM	Warner Music Group Corp. to Participate in Deutsche Banks Media, Internet & Telecom Conference (GlobeNewswire)
Feb-28-24 01:00PM	Warner Music Group Corp. to Participate in Morgan Stanley Technology, Media & Telecom Conference (GlobeNewswire)
Feb-27-24 02:40PM	Media layoffs: Google, Paramount, Disney, and others commit to job cuts in 2024 (Yahoo Finance)
Feb-26-24 12:58PM	Analyst Report: Warner Music Group Corp. (Morningstar Research)
04:29AM	How an AI feud is roiling the music industry (Yahoo Finance)

Warner Music Group Corp. engages in the publishing and recording of music. It operates through the Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the sale, marketing, distribution, and licensing of recorded music produced by the company's recording artists. The Music Publishing segment acts as a copyright owner and/or administrator of the musical compositions and generates revenues related to the exploitation of musical compositions. The company was founded on November 21, 2003 and is headquartered in New York, NY.

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Benet Lincoln E	Director	Dec 20 '24	Sale	30.96	35,000	1,083,600	242,360	Dec 23 04:05 PM
MAX GEORGE LOUSADA	Affiliate	Dec 11 '24	Proposed Sale	32.48	385,475	12,519,033		Dec 11 04:14 PM
MAX GEORGE LOUSADA	Affiliate	Dec 10 '24	Proposed Sale	32.22	458,534	14,772,315		Dec 10 04:35 PM
MAX GEORGE LOUSADA	Affiliate	Dec 09 '24	Proposed Sale	32.35	25,000	808,750		Dec 09 04:33 PM
Lousada Max	CEO, Recorded Music	Sep 11 '24	Sale	28.09	250,769	7,044,101	2,039,002	Sep 13 05:35 PM
Lousada Max	CEO, Recorded Music	Sep 10 '24	Sale	28.00	428,834	12,007,352	2,289,771	Sep 10 05:41 PM
Lousada Max	CEO, Recorded Music	Sep 06 '24	Sale	28.24	7,359	207,818	2,718,605	Sep 10 05:41 PM
Lousada Max	CEO, Recorded Music	Sep 05 '24	Sale	28.17	135,324	3,812,077	2,725,964	Sep 05 06:01 PM
Lousada Max	CEO, Recorded Music	Sep 03 '24	Sale	28.25	64,047	1,809,328	2,909,422	Sep 05 06:01 PM
Lousada Max	CEO, Recorded Music	Sep 04 '24	Sale	28.21	48,134	1,357,860	2,861,288	Sep 05 06:01 PM
MAX GEORGE LOUSADA	Affiliate	Sep 03 '24	Proposed Sale	28.25	934,467	26,400,562		Sep 03 05:19 PM
Benet Lincoln E	Director	Feb 15 '24	Sale	36.12	71,981	2,599,954	277,360	Feb 20 04:04 PM

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WMG

Warner Music Group Corp

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