WMG Stock Recent News

NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on March 4, 2025, to stockholders of record as of the close of business on February 24, 2025.

Warner Music Group Corp. (NASDAQ:WMG ) Q1 2025 Earnings Conference Call February 6, 2025 8:30 AM ET Company Participants Kareem Chin - Head, Investor Relations Robert Kyncl - Chief Executive Officer Bryan Castellani - Chief Financial Officer Conference Call Participants Benjamin Swinburne - Morgan Stanley Michael Morris - Guggenheim Securities LLC Benjamin Black - Deutsche Bank Kannan Venkateswar - Barclays Rich Greenfield - LightShed Partners Kutgun Maral - Evercore ISI Batya Levi - UBS Stephen Laszczyk - Goldman Sachs Jessica Reif Ehrlich - Bank of America Securities Operator Welcome to Warner Music Group's First Quarter Earnings Call for the period ended December 31, 2024. At the request of Warner Music Group, today's call is being recorded for replay purposes, and if you object, you may disconnect at any time.

Spotify and Warner Music Group (WMG) have unveiled a new multi-year agreement that covers both recorded music and music publishing, the companies announced on Thursday. WMG owns labels behind popular artists like Dua Lipa, Coldplay, and Ed Sheeran.

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.30 per share a year ago.

Spotify and Warner Music Group , which owns labels behind artists such as Ed Sheeran and Dua Lipa, signed a new multi-year deal for recording and publishing music, the companies said on Thursday.

Financial Highlights Warner Music Group and Spotify Today Announced New, Multi-Year Agreement, Covering Both Recorded Music and Music Publishing Music Publishing Delivers Continued Growth Led by Strength in Performance and Digital Operating Cash Flow Growth of 13% with Conversion of 91% Reaffirming Full-Year Recorded Music Subscription Streaming Revenue and Operating Cash Flow Conversion Guidance Tempo Music Investment Demonstrates Disciplined M&A Strategy Focused on Accretive Opportunities For the three months ended December 31, 2024 Total revenue decreased 5% , or 4% in constant currency Net incom e increased 25% to $241 million versus $193 million in the prior-ye ar quar ter Operating income decreased 40% to $214 million versus $354 million in the prior-year quarter Adjusted OIBDA decreased 20% to $363 million , versus $451 million in the prior-year quarter, or 18% in constant currency Cash provided by operating activities increased to $332 million , versus $293 million in the prio

NEW YORK , Feb. 6, 2025 /PRNewswire/ -- Spotify and Warner Music Group (NASDAQ: WMG) today announced a new, multi-year agreement, which covers both Recorded Music and Music Publishing. Through the deal, the two companies strengthen their joint commitment to artists, songwriters, and fans, as well as the growth of the music ecosystem through innovative collaboration.

Catalog includes rights in songs recorded by Bruno Mars, Twenty One Pilots, Adele, Wiz Khalifa, Florida Georgia Line, and Lukas Graham Providence Equity Partners to Remain a Minority Investor NEW YORK , Feb. 6, 2025 /PRNewswire/ -- Warner Music Group Corp. ("Warner Music Group" or "WMG") today announced that it has acquired a controlling stake in Tempo Music Investments ("Tempo"), an investment platform for premium music rights, from Providence Equity Partners ("Providence"). Providence will remain a minority investor in Tempo and continue to work with WMG in an advisory capacity.

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Warner Music Group (WMG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.