WMG Stock Recent News

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.

NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, May 9, 2024, for the second quarter ended March 31, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET.

Warner Music Group will not submit an offer to acquire French digital music company Believe , the music label said in a statement on Saturday.

U.S. Supreme Court justices signaled on Wednesday they may dismiss a legal fight between a Miami music producer and Warner Music over a song by rapper Flo Rida.