NASDAQ$WMG
Warner Music Group Corp · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Warner Music Group reported fiscal Q2 2026 revenue of $1.73B and net income of $181M ($0.34 diluted EPS).
Warner Music Group delivered fiscal Q2 2026 revenue of $1.73 billion (+17% YoY) with operating income of $264 million and net income of $181 million, or $0.34 diluted Class A EPS, versus $36 million and $0.07. Recorded music and music publishing growth benefited from streaming and artist releases.
- Revenue $1.73B (+17% YoY).
- Net income $181M; diluted EPS $0.34.
- Operating income $264M.
- Streaming and physical/digital release slate strength.
- Dividends $0.19 per share paid in quarter.
Headline financials
Revenue & EPS history
WMG · Revenue · Quarterly
$1.73B
Revenue by segment
WMG · $1.59B total across 2 segments · Q4 2023
- Recorded Music$1.29B+3.8%81.2%
- Music Publishing$298M+17.3%18.8%
Forward guidance
Music major discusses release schedule, streaming growth, and publishing monetization without quarterly EPS guidance.
Tailwinds
- Strong revenue and earnings growth.
- Diverse artist roster and publishing catalog.
Headwinds
- Release timing creates quarter variability.
- Industry competition for artist signings.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2026
-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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| 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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