WMG Stock Recent News
WMG LATEST HEADLINES
NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, February 8, 2024, for the first quarter ended December 31, 2023, and will hold an earnings conference call that morning at 8:30 a.m. ET.
We have narrowed our search to five consumer-centric large-cap stocks that have strong potential for 2024. These are: LYV, RCL, CMCSA, NKE, WMG.
Warner Music Group Corp. (WMG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Warner Music Group Corp. (NASDAQ:WMG ) Q4 2023 Results Conference Call November 16, 2023 8:30 AM ET Company Participants Kareem Chin - Head of IR Robert Kyncl - CEO Bryan Castellani - CFO Eric Levin - Retiring CFO Conference Call Participants Omar Mejias - Wells Fargo Ben Swinburne - Morgan Stanley Sebastiano Petti - JPMorgan Batya Levi - UBS Benjamin Black - Deutsche Bank Jason Bazinet - Citi Operator Welcome to Warner Music Group's Fourth Quarter Earnings Call for the period and fiscal year ended September 30, 2023. 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.
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.28 per share a year ago.
Warner Music Group reported fourth quarter fiscal 2023 results that topped expectations for both revenue and profits. For the quarter ended in September, revenue grew 5.9% year-over-year to $1.58 billion and was slightly ahead of estimates of $1.57 billion.
Shares of Warner Music Group Corp. WMG, -0.54% leapt 2.6% toward a nine-month high after the music recorder and publisher beat fiscal fourth-quarter earnings expectations, as results were boosted by a “solid” release slate and strength in recorded music streaming growth. Net income for the quarter to Sept.
Warner Music Group announced its plans to produce an AI-generated Edith Piaf biopic as Hollywood grapples with the technology.
Warner Music Group is the world's third largest pure-play music content company with a long-term track record of delivering robust operating performance. I rate shares with a "Hold" rating and a fair value of $30.84/share. A total Debt/EBITDA ratio of 4.07x is considered one of the red flags for a potential rating downgrade by Moody's.
NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, November 16, 2023, for the fourth quarter and fiscal year ended September 30, 2023, and will hold an earnings conference call that morning at 8:30 a.m. ET.