NASDAQ$WMG

Warner Music Group Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

WMG Q2 2024 — $18.0M revenue, 31.00 EPS

Operating results for the three and six months ended March 31, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2024. Warner Music Group Corp reported Q2 2024 results. Diluted EPS came in at $31.00. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $18.0M.
  • Diluted EPS: $31.00.
  • Operating income: $119.

Headline financials

Total Revenue

$1.49B

Previous: $1.4B+6.8%
EPS

$0.18

Previous: $0.20-10.0%
Capital Expenditures

-$55M

Previous: -$56M+1.8%
Free Cash Flow

$41M

Previous: -$22M+286.4%
Net Income

$96M

Previous: $34M+182.4%
Operating Income

$119M

Previous: $124M-4.0%
Gross Profit

$703M

Previous: $678M+3.7%
Cash & Equivalents

$587M

Previous: $601M-2.3%
Total Assets

$8.73B

Previous: $8.01B+9.0%

Revenue & EPS history

WMG · Revenue · Quarterly

$1.49B

Q2 2024+6.8%vs Q2 2023
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

WMG · $1.87B total across 2 segments · Q3 2025

  • Recorded Music
    $1.49B—
  • Music Publishing
    $377M—

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-2.1%

Avg return

Earnings day

-1.0%

Avg return

5 days after

-2.3%

Avg return

30 days after

30%

7 / 23 earnings

Positive

+19.3%

Q4 2022

Best reaction

-11.2%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025———
Q2 2026+2.2%+10.7%-1.5%
Q1 2026+3.1%+5.6%-1.2%
Q4 2025-2.7%-7.0%-3.8%
Q2 2025-8.1%-8.7%-12.4%
Q1 2025-1.1%+5.0%+7.1%
Q4 2024-5.4%-3.8%-7.5%
Q3 2024+1.0%-2.1%-1.8%
Q2 2024-11.2%-9.8%-17.2%
Q1 2024-3.0%-0.1%-6.8%
Q4 2023-3.2%-1.1%+2.3%
Q3 2023+8.2%+7.6%+7.9%
Q2 2023-8.0%-11.2%-13.0%
Q1 2023-6.4%-7.2%-18.8%
Q4 2022+19.3%+20.8%+31.2%
Q3 2022-6.7%-5.4%-14.2%
Q2 2022-6.9%+6.6%+3.6%
Q1 2022-4.9%-5.5%-18.0%
Q4 2021-9.7%-10.4%-13.1%
Q3 2021-1.7%-4.1%+4.0%
Q2 2021-6.7%-4.3%-9.3%
Q1 2021+8.2%+8.1%+2.2%
Q4 2020+0.6%-2.5%+30.7%
Q3 2020-4.3%-4.8%-4.5%
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Q4 2010———
Q2 2010———

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