WMG Stock Recent News

Bank of America analysts issued a double upgrade on HP Inc. (HPQ) shares, promoting the stock to "Buy." Ford (F) temporarily lays off 330 additional workers amid the ongoing UAW strike.

Warner Music Group (NASDAQ:WMG) stock is higher today, after UBS upgraded the shares to "buy" from "neutral" and hiked its price target hike to $37 from $34.

The U.S. Supreme Court on Friday agreed to clarify the time period for which plaintiffs can recover damages over copyright claims in a case involving a Miami music producer who sued Warner Music's Atlantic Records label after hip-hop artist Flo Rida made use of a 1980s song that he claims he owns.

Warner Music CEO Robert Kyncl believes AI will be significantly impacting the music industry within the next year.

Noonoouri, an AI-generated character repped by IMG Models Worldwide, is adding "pop star" to her portfolio after signing a record deal with Warner Music, making her the first-ever AI-made bot to sign a music contract.

Warner Music Group Corp. reported better-than-expected financial results for fiscal Q3 2023. The company operates as a music publisher and promoter worldwide. I have concerns about the prospect of lower consumer spending and the end of student loan payment moratoriums.

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.