NASDAQ$WMG

Warner Music Group Corp · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Warner Music Group reported Q4 2025, revenue of $1.72B, net income of $198M, diluted EPS of $0.38.

For Q4 2025, Warner Music Group reported revenue of $1.72B, net income of $198M, diluted EPS was $0.38. The filing discusses segment trends, liquidity, and management outlook for upcoming periods.

  • Revenue $1.72B.
  • Net income $198M.
  • Diluted EPS $0.38.

Headline financials

Total Revenue

$1.72B

Previous: $1.63B+5.5%
EPS (adj)

$0.38

Previous: $0.08+375.0%
Adjusted OIBDA

$405M

No prior period
Adjusted OIBDA Margin

21.7%

No prior period
Recorded Music Adj. OIBDA

$355M

No prior period
Recorded Music Adj. OIBDA Margin

23.1%

No prior period
Music Publishing Adj. OIBDA

$97M

No prior period
Music Publishing Adj. OIBDA Margin

28.8%

No prior period
Recorded Music Digital Revenue

$951M

No prior period
Recorded Music Streaming Revenue

$931M

No prior period
Music Publishing Digital Revenue

$201M

No prior period
Music Publishing Streaming Revenue

$199M

No prior period
Total Digital Revenue

$1.15B

No prior period
Total Streaming Revenue

$1.13B

No prior period
Net Income

$198M

Previous: $48M+312.5%
Operating Income

$143M

Previous: $143M+0.0%

Revenue & EPS history

WMG · Revenue · Quarterly

$1.72B

Q4 2025+5.5%vs Q4 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

WMG · $1.59B total across 2 segments · Q4 2023

  • Recorded Music
    $1.29B+3.8%
  • Music Publishing
    $298M+17.3%

Forward guidance

The release discusses Warner Music Group's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Warner Music Group cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

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 Q4 2025

Historical avgQ4 2025

-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
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%
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2010
Q3 2011
Q2 2011
Q1 2010
Q4 2010
Q2 2010

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