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Warner Music Group stock: growth
WMGWarner Music Group reported $6.71B in revenue for fiscal 2025, up 4.4% on the prior year, up 8.5% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
3.5%
per year from 2006 to 2025, per share −3.3%
Earnings (Annual rate)
10%
per year from 2006 to 2025, per share 2.7%
Free cash flow (Annual rate)
3.6%
per year from 2006 to 2025, per share −3.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 8.5% | 8.5% | 3.5% |
| Revenue per share | 8.1% | 8.1% | −3.3% |
| Earnings | no data | no data | 10.0% |
| Earnings per share | no data | no data | 2.7% |
| Free cash flow | 9.8% | 14.2% | 3.6% |
| Free cash flow per share | 9.4% | 13.8% | −3.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $3.52B | $60M | $277M |
| 2007 | $3.39B | −$21M | $273M |
| 2008 | $3.49B | −$56M | $247M |
| 2009 | $3.2B | −$100M | $199M |
| 2010 | $2.98B | −$143M | $63M |
| 2011 | $2.87B | −$138M | $0 |
| 2012 | $2.78B | −$112M | $145M |
| 2013 | $2.87B | −$198M | $88M |
| 2014 | $3.03B | −$308M | $28M |
| 2015 | $2.97B | −$91M | $143M |
| 2016 | $3.25B | $25M | $275M |
| 2017 | $3.58B | $143M | $475M |
| 2018 | $4.01B | $307M | $337M |
| 2019 | $4.48B | $256M | $255M |
| 2020 | $4.46B | −$475M | $338M |
| 2021 | $5.3B | $304M | $64M |
| 2022 | $5.92B | $551M | $416M |
| 2023 | $6.04B | $430M | $446M |
| 2024 | $6.43B | $435M | $638M |
| 2025 | $6.71B | $365M | $539M |
Revenue by segment
How Warner Music Group Corp. makes its money and how that has shifted. Names are as the company reports them.
- Recorded Music81%
- Music Publishing19%
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recorded Music | $2.74B | $3.02B | $3.36B | $3.84B | $3.81B | $4.54B | $4.97B | $4.96B | $5.22B | $5.41B | 80.6% |
| Music Publishing | $524M | $572M | $653M | $643M | $657M | $761M | $958M | $1.09B | $1.21B | $1.31B | 19.5% |
| Total revenue | $3.25B | $3.58B | $4.01B | $4.48B | $4.46B | $5.3B | $5.92B | $6.04B | $6.43B | $6.71B | 100% |
Revenue by region
Where Warner Music Group Corp. generates its revenue.
- United States43%
- United Kingdom13%
- Germany8%
- Other37%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|
| United States | $2.36B | $2.74B | $2.77B | $2.87B | $2.87B | 42.9% |
| United Kingdom | $620M | $734M | $726M | $774M | $857M | 12.8% |
| Germany | $662M | $613M | $535M | $513M | $515M | 7.7% |
| Other | $1.66B | $1.83B | $2.01B | $2.27B | $2.46B | 36.7% |
| Total revenue | $5.3B | $5.92B | $6.04B | $6.43B | $6.71B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 30 Sep 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 7 Nov 2026, previously Strong
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.