Pulling SEC filings + quote and writing the call…

Warner Music Group Corp.
Next earnings Aug 5, 2026 (before open) · consensus $0.35 EPS, $1.83B rev
Last earnings +2.3% on 2026-05-07
Durable music-rights cash machine, but slowing growth, falling earnings and heavy leverage make it a hold, not a buy.
Warner Music is one of the world's three major music companies, monetizing recorded music and publishing through long-lived catalog rights and streaming. The model throws off steady cash: FY2025 revenue rose 4.4% to $6.71B and operating cash flow was $678M, comfortably funding the $383M dividend (up 6.1%) and modest buybacks. Return on equity is a striking 56.4%, reflecting the asset-light, high-return economics of owning music copyrights. Revenue has compounded steadily from $5.30B in FY2021 to $6.71B in FY2025.
Sources: SEC EDGAR (CIK 0001319161, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:43:41 PM.
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The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $5.30B | $5.92B | $6.04B | $6.43B | $6.71B |
| Gross profit | — | — | — | — | — |
| Operating income | $609M | $714M | $790M | $823M | $694M |
| Net income | $304M | $551M | $430M | $435M | $365M |
| Diluted EPS | — | — | — | — | — |
| Net margin | 5.7% | 9.3% | 7.1% | 6.8% | 5.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
| 2026-06-02 | Kreiz Ynon Director | Award | 38.00 | |
| 2026-06-02 | Hertz Noreena Director | Award | 38.00 | |
| 2026-06-02 | Lynton Michael Director | Award | 56.00 | |
| 2026-06-02 | Kurzman Cecelia Director | Award | 38.00 | |
| 2026-06-02 | Dopfner Mathias Director | Award | 38.00 | |
| 2026-06-02 | Dubuc Nancy Director | Award | 38.00 | |
| 2026-05-21 | ZERZA ARMIN COO & CFO | Gift | 27.5K | |
| 2026-05-12 | ZERZA ARMIN COO & CFO | Award | 209K | |
| 2026-05-12 | ZERZA ARMIN COO & CFO | Tax | 27.1K @ $33.60 | $909K |