WMG Stock Recent News

After Two Highly Successful Decades at WMG, Max Lousada Announces Decision to Step Down at End of Fiscal Year Creative Regional Leadership to Be Elevated Through Flatter Structure; Greater Impact Through Globalized Services Elliot Grainge Becomes CEO of Atlantic Music Group at Beginning of Fiscal Year 2025; Julie Greenwald to Take New Role as Chairman of Atlantic Music Group NEW YORK ,  August 1, 2024 /PRNewswire/ -- Warner Music Group (Nasdaq: WMG) today unveiled a dynamic new structure for its Recorded Music operations, designed to strengthen services to artists at every stage of their careers, create more direct channels between local expertise and global opportunities, and position the company for long-term growth. As part of this reorganization, Max Lousada , CEO, Recorded Music, has decided to step down at the end of the fiscal year (September 30), after eight highly successful years in the role, and 20 years at WMG.

Warner Music Group (WMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Wednesday, August 7, 2024, for the third quarter ended June 30, 2024, instead of the previously announced reporting date of August 8, 2024. The company will hold an earnings conference call that morning at 8:30 a.m. ET.

NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, August 8, 2024, for the third quarter ended June 30, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET.

Warner Music Group's competitive position in the music industry, supported by scale and content advantage, will enable steady growth alongside industry growth. Valuation at 21x forward P/E is not demanding, offering potential for a 32% increase in share price. WMG's competitive advantages include scale, data advantage, distribution capabilities, and a vast catalog of music.

Former Goldman Sachs & EMI Music Exec to Spearhead Company's M&A NEW YORK , June 6, 2024 /PRNewswire/ -- Michael Ryan-Southern (MRS) is being appointed by Warner Music Group (Nasdaq: WMG) to the newly created post of Executive Vice President, Corporate Development, effective August 5th. MRS, who comes to WMG with two decades of investment, finance, and music industry experience, most recently served as Global Head of Music & Live Entertainment Investment Banking at Goldman Sachs.

Shares in Warner Music Group Corp fell 6% after earnings from the publisher of Cardi B, Dua Lipa, Ed Sheeran, Michael Bublé and Lizzo came in shy of Wall Street's expectations.   Revenue of $1.49 billion was generated in the group's fiscal second quarter, up 7% year-on-year, and just ahead of the $1.48 billion average analyst estimate.

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.06 per share a year ago.

Warner Music Group (NASDAQ:WMG) stock has jumped by almost 2% after the group reported a strong financial performance for the fiscal second quarter ending March 31, 2024, showcasing robust growth across its Recorded Music and Music Publishing divisions.

Warner Music Group Inc.'s stock WMG, +1.60% fell 3.4% early Thursday, after the company posted weaker-than-expected first-quarter profit. The company had net income of $96 million, or 18 cents a share, for the quarter, up from $34 million, or 6 cents a share, in the year-earlier period.