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Warner Music Group Corp.
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The economic chain
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AI demand
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Company details
Market cap
$15B
P/E ratio
~40×
Div yield
2.7%
EPS (TTM)
$0.72
Profit margin
6%
Rev. growth
+4%
Revenue
$6.7B
Net debt
$3.8B
In plain English
Warner Music is the smallest of the three major music companies — behind Universal and Sony — but it owns a piece of an enormous share of the songs the world listens to. It signs artists and songwriters (Atlantic, Warner Records, Warner Chappell), pays to record and market them, then collects royalties every time a track is streamed, played on radio, synced to a film or pressed to vinyl. About two-thirds of revenue now flows from streaming, so its fortunes rise and fall with Spotify, Apple and YouTube.
In simple terms
What Warner Music Group Corp. really sells
Warner Music is the smallest of the three major music companies — behind Universal and Sony — but it owns a piece of an enormous share of the songs the world listens to. It signs artists and songwriters (Atlantic, Warner Records, Warner Chappell), pays to record and market them, then collects royalties every time a track is streamed, played on radio, synced to a film or pressed to vinyl. About two-thirds of revenue now flows from streaming, so its fortunes rise and fall with Spotify, Apple and YouTube.
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Risk read
SteadierMore speculative
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