WMG Stock Recent News

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.24 per share a year ago.

Warner Music Group Corp's shares jumped in pre-market trading as it beat Street expectations and backed full-year margin guidance after reporting a healthy rise in financial third quarter revenue. The entertainment and record label conglomerate said revenue in the quarter to June 30 rose 9% to $1.56 billion from $1.43 billion the year prior while net income was flat at $124 million compared to $125 million before.

Warner Music Group Corp. WMG stock was up 3.5% in premarket trading on Tuesday after its third-quarter profit and revenue beat analyst estimates. Warner Music said its third-quarter profit fell to $122 million, or 23 cents a share, from $124 million, or 24 cents a share, in the year-ago quarter.

Warner Music Group s expected to post another year-over-year decline in earnings when the company delivers its 3Q financials before the market opens on Tuesday, August 8.  According to Zacks Investment Research, based on 7 analysts' forecasts, the consensus EPS forecast for the quarter is $0.21, down from $0.24 in 3Q 2022.

Warner Music Group (WMG) and TikTok announce a groundbreaking first-of-its-kind extended partnership to revolutionize the music industry.

Warner Music Group and TikTok announced a wide-ranging partnership, giving the popular video app access to the music giant's repertoire and creating potential new revenue opportunities for artists and songwriters. Madison Mills has more on "Bloomberg Markets: The Close.

Warner Music Group , the record label conglomerate behind artists such as Radiohead, AC/DC and Madonna, has signed a licensing deal with Chinese short-video app TikTok to boost its social media revenues.

Shares of Warner Music Group Corp. WMG, +4.93% jumped 4.5% in morning trading Tuesday, after the music recording and publishing company announced a licensing partnership with short-form mobile video giant TikTok, which is owned by China-based ByteDance Co. Ltd. Warner's stock was up only 0.2% just before the announcement.

NEW YORK, July 11, 2023 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Tuesday, August 8, 2023, for the third quarter ended June 30, 2023, and will hold an earnings conference call that morning at 8:30 a.m. ET.

Warner Music Group could see long-term revenue growth from the adoption of streaming platforms thanks to its “predictable” business model, but its ability to navigate artificial intelligence is a risk. That's according to analysts at UBS, who initiated coverage this week on the company with a Neutral rating and a $29 price target.