profit from every $100 of sales.
$0$100
Warner Music Group
$32.30+1.99% today
+6.5% in 1 year
1-year low $23.651-year high $34.72
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $46.29 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Warner Music Group sold, what it kept, and what it did with the cash.
Sales went from $5.92 billion in 2022 to $6.71 billion in 2025, with $365 million of profit last year.
SalesProfit
Warner Music Group handed back more cash to shareholders than it generated last year.
$383M
Free cash flow 2025$344M
Bought back its own shares$16M
Paid as dividends$383M
Cash vs. debt$532M vs. $4.6B
Warner Music Group vs. similar companies
Warner Music Group grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Warner Music Group | 46.3× · Expensive | ||
 Netflix | 23.2× · Fair price | ||
 Disney | 16.6× · Fair price | ||
 Warner Bros. Discovery | 106.7× · Very expensive | ||
 Live Nation Entertainment | 84.8× · Very expensive |
Compare Warner Music Group with Live Nation Entertainment · TKO Group Holdings
AI analysis
An AI analyst reads Warner Music Group's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 4,463 | 5,301 | 5,919 | 6,037 | 6,426 | 6,707 | |
| 2,130 | 2,559 | 2,839 | 2,860 | 3,071 | 3,075 | |
| – | – | 714 | 789 | 968 | 928 | |
| 32 | 881 | 1,204 | 1,082 | 1,089 | 1,028 | |
| -475 | 304 | 551 | 430 | 435 | 365 | |
| – | – | 1.06 | 0.82 | 0.83 | 0.69 | |
| 47.7% | 48.3% | 48.0% | 47.4% | 47.8% | 45.8% | |
| – | – | 12.1% | 13.1% | 15.1% | 13.8% | |
| -10.6% | 5.7% | 9.3% | 7.1% | 6.8% | 5.4% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 6,410 | 7,211 | 7,828 | 8,545 | 9,155 | 9,829 |
| Cash | 553 | 499 | 584 | 641 | 694 | 532 |
| Total debt | 3,403 | 3,633 | 4,013 | 4,260 | 4,287 | 4,608 |
| Total liabilities | 6,455 | 7,165 | 7,660 | 8,115 | 8,480 | 9,072 |
| -63 | 31 | 152 | 307 | 518 | 647 | |
| – | – | 520 | 524 | 518 | 529 | |
| -5.4% | 12.4% | 16.4% | 13.0% | 12.5% | 9.8% | |
| 754.0% | 980.6% | 362.5% | 140.1% | 84.0% | 56.4% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 463 | 638 | 742 | 687 | 754 | 678 | |
| – | – | 326 | 241 | 303 | 334 | |
| – | – | 416 | 446 | 451 | 344 | |
| Dividends paid | 344 | 265 | 318 | 340 | 361 | 383 |
| – | – | – | 0 | 0 | 16 | |
| 608 | 45 | 39 | 49 | 52 | 54 |
Valuation
- 46.3×
- 24.4×
- –
- 23.5×
- 2.5×
- 49.1×
- 20.4×
- 2.0%
- 2.2%
- 2.2%
Profitability
- 45.8%
- 13.8%
- 5.4%
- 17.6%
- 11.0%
- 9.4%
- 67.1%
- 4.3%
- 14.7%
- –
Growth
- +8.5%
- –
- −15.5%
- +25.3%
- +0.3%
Financial health
- 3.3×
- 6.70
- 46.6%
- 5.4×
- 0.73
- 0.71
- 0.67
How it ranks in Communication Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 30%of 436
Top 46%of 438
Bottom 20%of 347
Top 35%of 440
Bottom 25%of 440
What analysts expect
- Average price target
- $35.50
- Range
- $33.00 – $38.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | 0.44 | 0.30 | +46.7% |
| Feb 5, 2026 | 0.33 | 0.40 | −17.5% |
| Nov 20, 2025 | 0.21 | 0.35 | −40.0% |
| Aug 7, 2025 | -0.03 | 0.29 | −110.3% |
| May 8, 2025 | 0.07 | 0.28 | −75.2% |
| Feb 6, 2025 | 0.45 | 0.34 | +32.4% |
| Nov 21, 2024 | 0.08 | 0.28 | −71.4% |
| Aug 7, 2024 | 0.32 | 0.27 | +18.5% |
2.2%of the share price, paid each year
On $1,000 invested$22a year at today's yield, before tax
+25.3%2020 to 2025
Raised5 yearsin a row, in our data
Paid per share, each year
$0.24 in 2020 → $0.74 in 2025
How safe it looks
104.9% of its profit
Room to growStretchedMore than it earns: 111.3%
News
Paramount's hard-fought takeover of Warner Bros. Discovery closes Tuesday. Here's how we got hereCNBC · Oct 6, 2026Paramount and Warner Bros. Discovery to Merge Into Skydance (SKYD). Will Skydance Achieve David Ellison’s “Quality Storytelling” Vision?Yahoo Finance · Oct 2, 2026David Ellison says combined Paramount and Warner Bros. Discovery will be named SkydanceCNBC · Oct 2, 2026Warner Bros. studio execs to leave after Paramount merger -- VarietySeeking Alpha · Oct 2, 2026Vylor Takes Corteva’s S&P 500 Seat, Twilio Set To Replace Warner Bros. Discovery — Both Stocks Rise After-HoursYahoo Finance · Oct 1, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
36No pass
Benjamin Graham
17No pass
Philip Fisher
36No pass
Peter Lynch
26No pass
Joel Greenblatt
8No pass
Charlie Munger
25No pass
Terry Smith
31No pass
Questions about Warner Music Group
Is Warner Music Group a good stock to buy?
A business with weak numbers, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Warner Music Group AI analysis
What does Warner Music Group do?
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company operates through Recorded Music and Music Publishing segments. It is in Entertainment, based in New York, NY, United States, with 5,500 employees.
Does Warner Music Group pay a dividend?
Yes. At today's price the dividend is 2.2% a year, about 105% of its yearly profit. In 2025 it paid out $383 million in dividends.
Is Warner Music Group stock halal?
Yes. Warner Music Group passes our halal screen: its business is permitted and its debt is 27% of its market value, under the 30% limit. How we check
How has Warner Music Group stock done over the past year?
Up 6.5% over the past twelve months, to $32.30. It traded between $23.65 and $34.72 and is 7.0% below its high.
Who are Warner Music Group's competitors?
The largest listed companies in the same industry are Netflix, Disney, Warner Bros. Discovery and Live Nation Entertainment. The peers table on this page compares their profit, growth and price with Warner Music Group's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.