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For the quarter ended December 2025, Warner Music Group Corp. (WMG) reported revenue of $1.84 billion, up 10.4% over the same period last year. EPS came in at $0.33, compared to $0.45 in the year-ago quarter.The reported revenue represents a surprise of +3.95% over the Zacks Consensus Estimate of $1.77 billion. With the consensus EPS estimate being $0.40, the EPS surprise was -16.69%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to W ...

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.69%. A quarter ago, it was expected that this company would post earnings of $0.35 per share when it actually produced earnings of $0.21, delivering a surprise of -40%.Over the last four quarters, the co ...

Warner Music Group (NasdaqGS:WMG) Q1 2026 Earnings call February 05, 2026 04:30 PM ET Company ParticipantsArmin Zerza - CFOBatya Levi - Managing Director - Communications, Media and InfrastructureBenjamin Black - Co-Head Internet Equity ResearchKareem Chin - Head of Investor RelationsKutgun Maral - Director, Equity Research - Media, Cable and TelecomRobert Kyncl - CEOConference Call ParticipantsCameron Manson-Perrone - Lead Analyst - Music and Live Entertainment, Media, and Cable/SatelliteIan Moore - Equity ...

Warner Music Group (NasdaqGS:WMG) Q1 2026 Earnings call February 05, 2026 04:30 PM ET Company ParticipantsArmin Zerza - CFOBatya Levi - Managing Director - Communications, Media and InfrastructureBenjamin Black - Co-Head Internet Equity ResearchKareem Chin - Head of Investor RelationsKutgun Maral - Director, Equity Research - Media, Cable and TelecomRobert Kyncl - CEOConference Call ParticipantsCameron Mansson-Perrone - Lead Analyst - Music and Live Entertainment, Media, and Cable/SatelliteIan Moore - Equit ...

Financial Data and Key Metrics Changes - Total revenue increased by 7%, driven by a 9% growth in recorded music subscription streaming on an adjusted basis [4][18] - Adjusted OIBDA rose by 22%, with a margin increase of over 300 basis points [18] - Operating cash flow grew by 33%, achieving nearly 100% conversion of adjusted OIBDA [18][19] - Cash balance increased by more than $200 million to $751 million [19] Business Line Data and Key Metrics Changes - Recorded music streaming saw subscription growth of 11% (9% adjusted for notable items) and ad-supported streaming grew by 4% [18] - Physical sales declined by 11% due to tough comparisons from the previous year [18] - Artist services and expanded rights revenue increased by 13%, primarily from concert promotion [18] - Music publishing revenue grew by 9%, with a 15% increase when adjusted for notable items [18] Market Data and Key Metrics Changes - U.S. streaming market share grew by approximately 1 percentage point year-over-year, with a 3 percentage point increase on Spotify's Top 200 chart [5] - Internationally, the company achieved number one hits in multiple countries, including France, Italy, and China [6] Company Strategy and Development Direction - The company focuses on three strategic priorities: growing market share, increasing the value of music, and driving efficiency [4][9] - AI is being leveraged to enhance artist discovery, marketing, and operational efficiency [10][12] - The company is committed to ethical AI practices, ensuring artists have control over their likeness and voice in AI-generated content [12][34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong momentum and a healthy industry outlook [13][27] - The company anticipates continued growth driven by strategic investments and favorable DSP agreements [27][46] - Management highlighted the importance of adapting to market changes and leveraging new technologies for growth [36][46] Other Important Information - The company has renewed its deal with TikTok, resulting in improved deal economics [9] - A significant increase in the joint venture capacity with Bain from $1.2 billion to approximately $1.65 billion was announced [20][68] Q&A Session Summary Question: Can you expand on your AI philosophy and the financial impact of AI deals? - Management emphasized that AI initiatives align with their three strategic priorities and are designed to protect artists while creating value [31][34] - The financial impact from AI partnerships is expected to be material, with revenue sharing based on consumption [40][41] Question: What is the outlook for paid streaming growth and DSP deals? - Management noted that they are seeing volume-led subscription growth evolve into value-led growth, with opportunities for super premium tiers [46][47] Question: How is the company driving consistent market share growth? - Management attributed growth to a broad-based strategy, including restructuring and reinvestment in technology and A&R [52][53] Question: Can you provide details on margin targets and cash flow conversion? - Management indicated that margin expansion is driven by cost savings, high-margin streaming growth, and AI revenue, with a target of mid- to high-20s percentage margins [74][75]

FISCAL Q1 2026 Earnings Snapshot © Warner Music Group 2026 Confidential 1 Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures. We provide reconciliations to these non-GAAP financial measures to the most directly comparable GAAP financial measures in our earnings press release, which can be found on our website at investors.wmg.com. © Warner Music Group 2026 Confidential This presentation is a supplement to, and should be read in conjunction with, Warner Music Group's e ...

WARNER MUSIC GROUP CORP. REPORTS RESULTS FOR FISCAL FIRST QUARTER ENDED DECEMBER 31, 2025 Financial Highlights "We are delivering on our promises by combining significant transformation with accelerated growth and profitability, marking our third consecutive quarter of broad-based success," said Armin Zerza, CFO, Warner Music Group. "By fortifying our core through strategic investments and pioneering ethical AI partnerships, we have established a solid foundation to drive sustainable, long-term value for ou ...

（全球TMT2026年2月2日讯）近期，百度、爱奇艺、TCL科技、360、康佳、同方股份、TikTok、苹果、Meta、英伟达、xAI、OpenAI、 Anthropic、迪士尼、派拉蒙天舞、华纳音乐、Hark、Soitec、Black Box、软银、默克、夏普、Digital Turbine等公司高管变动。 中国 百度设个人超级智能事业群由王颖负责 深康佳公告透露，康佳董事、总裁曹士平因工作安排原因而请求辞职，辞职后他继续在康佳任职。曹士平系原康佳高管团队核心人物，曾任康佳 多媒体事业本部总经理、副总裁、总裁、CEO等职务。近期，康佳副总裁杨波也请辞，华润背景的董钢被聘任为康佳副总裁。 同方股份原总裁、董事长陆致成因病去世 百度文库、百度网盘已重组成新事业群（BG）。该事业群由百度副总裁、文库事业部和网盘事业部负责人王颖负责，王颖直接汇报给百度董事长 兼首席执行官李彦宏。新事业群为个人超级智能事业群组。此次调整将有助于充分整合人才、技术等核心要素，进一步强化百度在AI应用方面的 整体协同创新能力。 汪骏辞任爱奇艺CFO 爱奇艺发布公告，汪骏因个人原因辞去公司首席财务官职务，后续将作为顾问继续服务至2026年 ...

Investors interested in Film and Television Production and Distribution stocks are likely familiar with Warner Music Group Corp. (WMG) and Live Nation (LYV) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Sco ...