with its broad roster of new stars and legendary artists, warner music group is home to a collection of the best-known record labels in the music industry including asylum, atlantic, east west, elektra, fueled by ramen, nonesuch, reprise, rhino, roadrunner, rykodisc, sire, warner bros. and word, as well as warner/chappell music, one of the world's leading music publishers, with a catalog of more than one million copyrights worldwide. wmg comprises an array of businesses aimed at helping artists achieve long-term creative and financial success while providing consumers with the highest-quality music content available. wmg is engaged in the recorded music business (including artist services) and the music publishing business, and is a leading company in national and international repertoire that operates through numerous international affiliates and licensees in more than 50 countries.
Company profile
Ticker
WMG
Exchange
Website
CEO
Stephen F. Cooper
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Endeavor Group Holdings Inc - Ordinary Shares • Live Nation Entertainment • TKO • Sphere Entertainment Co - Ordinary Shares • Wanda Sports • Bowlero Corp - Ordinary Shares • Atlanta Braves Holdings Inc - Ordinary Shares • Accel Entertainment Inc - Ordinary Shares • Dover Motorsports • Bowl America ...
Former names
WMG Parent Corp.
SEC CIK
Corporate docs
Subsidiaries
WARNER MUSIC GROUP CORP. • 1967 Limited • 3PARTA, LLC • 300 Entertainment LLC • 300 Entertainment Live Events LLC • 300 Studios LLC • 679 Recordings Limited • A+E Records Limited • A.P. Schmidt Company • ADA Global Ltd. ...
IRS number
134271875
WMG stock data
Latest filings (excl ownership)
8-K
Announces Quarterly Cash Dividend
13 May 24
10-Q
2024 Q2
Quarterly report
9 May 24
8-K
Financial Statements and Exhibits
9 May 24
8-K
Submission of Matters to a Vote of Security Holders
8 Mar 24
8-K
Announces Quarterly Cash Dividend
12 Feb 24
10-Q
2024 Q1
Quarterly report
8 Feb 24
8-K
Results of Operations and Financial Condition
7 Feb 24
8-K
Entry into a Material Definitive Agreement
24 Jan 24
ARS
2023 FY
Annual report to shareholders
18 Jan 24
DEFA14A
Additional proxy soliciting materials
18 Jan 24
Transcripts
WMG
Earnings call transcript
2024 Q2
9 May 24
WMG
Earnings call transcript
2024 Q1
8 Feb 24
WMG
Earnings call transcript
2023 Q4
16 Nov 23
WMG
Earnings call transcript
2023 Q3
8 Aug 23
WMG
Earnings call transcript
2023 Q3
8 Aug 23
WMG
Earnings call transcript
2023 Q2
9 May 23
WMG
Earnings call transcript
2023 Q1
9 Feb 23
WMG
Earnings call transcript
2022 Q4
22 Nov 22
WMG
Earnings call transcript
2022 Q3
9 Aug 22
WMG
Earnings call transcript
2022 Q2
10 May 22
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Sep 23 | Sep 22 | Sep 21 | Sep 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 587.00 mm | 587.00 mm | 587.00 mm | 587.00 mm | 587.00 mm | 587.00 mm |
Cash burn (monthly) | 55.67 mm | 1.17 mm | (no burn) | (no burn) | 10.33 mm | (no burn) |
Cash used (since last report) | 126.33 mm | 2.65 mm | n/a | n/a | 23.45 mm | n/a |
Cash remaining | 460.67 mm | 584.35 mm | n/a | n/a | 563.55 mm | n/a |
Runway (months of cash) | 8.3 | 500.9 | n/a | n/a | 54.5 | n/a |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 243 |
Opened positions | 218 |
Closed positions | 4 |
Increased positions | 8 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 3.87 tn |
Total shares | 543.68 mm |
Total puts | 150.10 k |
Total calls | 1.24 mm |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Access Industries | 374.90 mm | $16.19 bn |
TCEHY Tencent | 34.09 mm | $1.47 bn |
FMR | 14.71 mm | $485.84 bn |
Capital World Investors | 13.20 mm | $435.90 bn |
Vanguard | 11.86 mm | $391.68 bn |
Ako Capital | 6.53 mm | $215.53 mm |
Cooper Nancie | 5.68 mm | $226.76 mm |
FIL | 5.63 mm | $185.84 bn |
BLK Blackrock | 5.58 mm | $184.38 bn |
Darlington Partners Capital Management | 5.48 mm | $180.86 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Feb 24 | Donald Wagner | Class A Common Stock | Other | Acquire J | Yes | No | 0 | 251,817 | 0.00 | 251,817 |
28 Feb 24 | Donald Wagner | Class A Common Stock | Other | Dispose J | No | No | 0 | 251,817 | 0.00 | 0 |
4 Jan 24 | Bryan Castellani | Class A Common Stock | Grant | Acquire A | No | No | 0 | 68,387 | 0.00 | 68,387 |
4 Jan 24 | Max Lousada | Class A Common Stock | Grant | Acquire A | No | No | 0 | 155,424 | 0.00 | 2,039,002 |
4 Jan 24 | Carianne Marshall | Class A Common Stock | Grant | Acquire A | No | No | 0 | 46,627 | 0.00 | 93,865 |
4 Jan 24 | Timothy Matusch | Class A Common Stock | Grant | Acquire A | No | No | 0 | 34,193 | 0.00 | 57,483 |
News
Don't Train AI On Our Content And Artists, Sony Warns AI Companies
16 May 24
Morgan Stanley Maintains Overweight on Warner Music Gr, Lowers Price Target to $41
10 May 24
Warner Music's Q2 Revenue Surges On Ed Sheeran, Jack Harlow, Green Day Hits, Yet Shares Fall
9 May 24
Warner Music Gr Q2 2024 GAAP EPS $0.18 Beats $0.16 Estimate, Sales $1.494B Beat $1.482B Estimate
9 May 24
Reported April 6, 2024, Warner Music Group Corp. Announced That It Had Decided Not To Submit A Binding Offer For Believe
8 Apr 24
Press releases
KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
7 Jun 24
MICHAEL RYAN-SOUTHERN TO JOIN WARNER MUSIC GROUP AS EVP, CORPORATE DEVELOPMENT
6 Jun 24
Warner Music Group Corp. Announces Quarterly Cash Dividend
13 May 24
Warner Music Group Corp. Reports Results for Fiscal Second Quarter Ended March 31, 2024
9 May 24
AYUSHMANN KHURRANA SIGNS GLOBAL DEAL WITH WARNER MUSIC INDIA
2 Apr 24