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 16 quarters(69%)
ActualEstimate

Revenue by segment

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

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

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 19 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
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%
Q2 2020———
Q1 2020———
Q4 2019———
Q3 2019———
Q2 2019———
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Q4 2017———
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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———
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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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