Warner Music Group Corp
NASDAQ:WMG

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Warner Music Group Corp
NASDAQ:WMG
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Price: 29.36 USD 0.07%
Market Cap: 15.2B USD

Warner Music Group Corp
Investor Relations

In the dynamic landscape of the music industry, Warner Music Group Corp. stands as a towering presence, tracing its roots back to a rich legacy of sound and creativity. Established as a major player among the "Big Three" record labels, Warner Music Group encompasses an eclectic tapestry of artists, from emerging voices to legendary icons, spanning a multitude of genres. The company divides its business primarily into recorded music and music publishing, both crucial to its revenue streams. Recorded music, a substantial part of Warner's operations, involves the discovery and development of artists, producing, marketing, and distribution of music catalogues. This segment harnesses the commercial power of streaming platforms, digital downloads, physical sales, and licensing for synchronization across movies, games, and advertisements, propelling its financial engine forward.

Equally vital, Warner's music publishing arm, Warner Chappell Music, thrives by managing rights for a diverse library of songs, offering a bridge between songwriters and potential revenue opportunities. Through complex licensing deals, this segment ensures songwriters are compensated whenever their music is performed publicly, broadcasted, or transformed into various media. With a global presence marked by local expertise across regions, Warner Music Group marries artistic innovation with strategic financial acumen, fostering an environment where both artists and shareholders can thrive. The company's adept navigation through a digitally evolving industry landscape illustrates its commitment to leveraging technology, expansion in emerging markets, and strategic acquisitions to drive growth and sustain its influential rhythm across the global music scene.

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Earnings Calls

2024 Q4
Nov 21, 2024
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Warner Music Group reports robust revenue and strategic growth outlook.
2024 Q4
Nov 21, 2024

Warner Music Group experienced a strong fourth quarter, with total revenue increasing by 6% and adjusted OIBDA rising 14%, driven by an 11% growth in Recorded Music subscription streaming. For the full year, revenues and adjusted OIBDA grew by 7% and 11%, respectively. The company aims for high single-digit subscription growth and plans to expand margins by 100 basis points over the coming years. Total cash flow remains solid, with free cash flow up 14% to $638 million. Warner Music is optimistic about growth opportunities in emerging markets like India, where paid subscribers surged by 40%, paving the way for future success.

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Management

Mr. Robert Kyncl
President, CEO & Director
No Bio Available
Mr. Guy Moot
Co-Chair & CEO of Warner Chappell Music
No Bio Available
Ms. Carianne Marshall
Co-Chair & COO of Warner Chappell Music
No Bio Available
Mr. Bryan Castellani
Executive VP & CFO
No Bio Available
Mr. Timothy Matusch
Executive Vice President of Strategy & Operations
No Bio Available
Mr. Ariel Bardin
President of Technology
No Bio Available
Mr. Kareem Chin
Senior VP & Head of Investor Relations
No Bio Available
Mr. Paul Martin Robinson Esq., J.D.
Executive VP & General Counsel
No Bio Available
Trent N. Tappe Esq.
Senior VP, Deputy General Counsel, Chief Compliance Officer & Secretary
No Bio Available
Mr. James Steven
Executive VP & Chief Communications Officer
No Bio Available

Contacts

Address
NEW YORK
New York City
1633 Broadway
Contacts
+12122752000.0
www.wmg.com