- Warner Music Group Corp. to Participate in J.P. Morgan Global Technology, Media and Communications Conference
May 14, 2026
NEW YORK, May 14, 2026--(BUSINESS WIRE)--Warner Music Group Corp. announced today that Armin Zerza, Chief Operating Officer and Chief Financial Officer, will participate in a question and answer session during the J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 20th, at 10:40am ET, instead of the previously announced time of 11:20am ET.
A live webcast of the session will be available to the general public through a link on the Investor Relations page of Warner Music Group’s website. A replay of the audio webcast will be available in the Past Events section of Warner Music Group’s Investor Relations homepage.
About Warner Music Group Warner Music Group (WMG) brings together artists, songwriters, entrepreneurs, and technology that are moving entertainment culture across the globe. WMG’s Recorded Music division includes renowned labels such as 10K Projects, 300 Entertainment, Asylum, Atlantic, Big Beat, EastWest, Elektra, Erato, Fueled By Ramen, Nonesuch, Parlophone, Reprise, Rhino, Roadrunner, Sire, Spinnin’, Warner Records, Warner Classics, and Warner Records Nashville. WMG’s music publishing arm, Warner Chappell Music, has a catalog of over one million copyrights spanning every musical genre, from the standards of the Great American Songbook to the biggest hits of the 21st century. Warner Music Group is also home to ADA, which supports the independent community, as well as artist services division WMX. Follow WMG on Instagram, X, TikTok, LinkedIn, and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260514889293/en/
Contacts
Media Contact:
Hannah Karp
Hannah.Karp@wmg.com
Investor Contact:
Kareem Chin
Kareem.Chin@wmg.com
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- We Think Warner Music Group's (NASDAQ:WMG) Healthy Earnings Might Be Conservative
May 14, 2026
Shareholders appeared to be happy with Warner Music Group Corp.'s (NASDAQ:WMG) solid earnings report last week. This reaction by the market reaction is understandable when looking at headline profits and we have found some further encouraging factors.
This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.NasdaqGS:WMG Earnings and Revenue History May 14th 2026
The Impact Of Unusual Items On Profit
To properly understand Warner Music Group's profit results, we need to consider the US$324m expense attributed to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. If Warner Music Group doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year.
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
Our Take On Warner Music Group's Profit Performance
Unusual items (expenses) detracted from Warner Music Group's earnings over the last year, but we might see an improvement next year. Because of this, we think Warner Music Group's earnings potential is at least as good as it seems, and maybe even better! And we are pleased to note that EPS is at least heading in the right direction over the last three years. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. Be aware that Warner Music Group is showing 3 warning signs in our investment analysis and 1 of those can't be ignored...
This note has only looked at a single factor that sheds light on the nature of Warner Music Group's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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- Why Are Warner Music Group (WMG) Shares Soaring Today
May 12, 2026
What Happened?
Shares of global music entertainment company Warner Music Group (NASDAQ:WMG) jumped 6% in the afternoon session after the company reported strong first-quarter 2026 earnings that surpassed Wall Street's expectations.
The music entertainment giant announced revenue of $1.73 billion, up 16.7% from the prior year, which was 7.5% ahead of analyst forecasts. Earnings per share (EPS) of $0.34 also comfortably beat the consensus estimate of $0.27. Beyond the top and bottom-line beats, the company demonstrated improved profitability. Its operating margin increased to 15.2% from 11.3% in the same quarter last year, and Adjusted EBITDA of $397 million also came in well ahead of expectations. These strong results, showcasing both revenue growth and enhanced efficiency, were well-received by investors.
After the initial pop the shares cooled down to $32.58, up 5% from previous close.
Is now the time to buy Warner Music Group? Access our full analysis report here, it’s free.
What Is The Market Telling Us
Warner Music Group’s shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 12 months ago when the stock dropped 8.2% on the news that the company reported weak first quarter 2025 results which saw a significant EPS miss and underperformance in Recorded Music revenue.
Revenue declined modestly, with a 1.2% drop in Recorded Music sales, led by soft ad-supported streaming and weaker results in artist services and expanded rights, despite gains in licensing and physical formats. Overall, this was a weaker quarter.
Warner Music Group is up 7% since the beginning of the year, and at $32.58 per share, it is trading close to its 52-week high of $34.24 from September 2025. Despite the year-to-date gain, investors who bought $1,000 worth of Warner Music Group’s shares 5 years ago would now be looking at only $886.80.
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- Warner Music Group Corp. to Participate in J.P. Morgan Global Technology, Media and Communications Conference
May 12, 2026
NEW YORK, May 12, 2026--(BUSINESS WIRE)--Warner Music Group Corp. announced today that Armin Zerza, Chief Operating Officer and Chief Financial Officer, will participate in a question and answer session during the J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 20th, at 11:20am ET.
A live webcast of the session will be available to the general public through a link on the Investor Relations page of Warner Music Group’s website. A replay of the audio webcast will be available in the Past Events section of Warner Music Group’s Investor Relations homepage.
About Warner Music Group Warner Music Group (WMG) brings together artists, songwriters, entrepreneurs, and technology that are moving entertainment culture across the globe. WMG’s Recorded Music division includes renowned labels such as 10K Projects, 300 Entertainment, Asylum, Atlantic, Big Beat, EastWest, Elektra, Erato, Fueled By Ramen, Nonesuch, Parlophone, Reprise, Rhino, Roadrunner, Sire, Spinnin’, Warner Records, Warner Classics, and Warner Records Nashville. WMG’s music publishing arm, Warner Chappell Music, has a catalog of over one million copyrights spanning every musical genre, from the standards of the Great American Songbook to the biggest hits of the 21st century. Warner Music Group is also home to ADA, which supports the independent community, as well as artist services division WMX. Follow WMG on Instagram, X, TikTok, LinkedIn, and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260512582018/en/
Contacts
Media Contact:
Hannah Karp
Hannah.Karp@wmg.com
Investor Contact:
Kareem Chin
Kareem.Chin@wmg.com
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- WMG Q1 Deep Dive: Streaming, Catalog, and AI Drive Margin Expansion
May 12, 2026
Global music entertainment company Warner Music Group (NASDAQ:WMG) announced better-than-expected revenue in Q1 CY2026, with sales up 16.7% year on year to $1.73 billion. Its GAAP profit of $0.35 per share was 30.2% above analysts’ consensus estimates.
Is now the time to buy WMG? Find out in our full research report (it’s free).
Warner Music Group (WMG) Q1 CY2026 Highlights:
Revenue: $1.73 billion vs analyst estimates of $1.61 billion (16.7% year-on-year growth, 7.5% beat) EPS (GAAP): $0.35 vs analyst estimates of $0.27 (30.2% beat) Adjusted EBITDA: $397 million vs analyst estimates of $356 million (22.9% margin, 11.5% beat) Operating Margin: 15.2%, up from 11.3% in the same quarter last year Market Capitalization: $16.21 billion
StockStory’s Take
Warner Music Group delivered a first quarter that exceeded Wall Street’s expectations, supported by broad-based growth in streaming, catalog optimization, and operational efficiencies. Management emphasized the impact of new artist releases and effective catalog marketing, highlighting a strong pipeline of both emerging and established talent. CEO Robert Kyncl pointed to the group’s “always-on marketing approach” and success in revitalizing legacy content as key contributors to the quarter’s results. The company also cited the effective rollout of price per subscriber (PSM) increases and ongoing cost discipline as reasons for the substantial margin expansion.
Looking ahead, Warner Music Group’s outlook is underpinned by continued investment in market share growth, expansion of AI-driven music initiatives, and disciplined capital allocation. Management is focused on leveraging new licensing agreements with AI platforms, partnerships with digital service providers (DSPs), and the roll-out of premium streaming tiers. CFO Armin Zerza noted, “We are well positioned to continue delivering on a sustainable growth model,” and stressed the importance of further cost savings and global portfolio management for long-term profitability. The company expects ongoing catalog and distribution investments, as well as AI monetization, to materially contribute to growth in coming quarters.
Key Insights from Management’s Remarks
Management attributed the quarter’s performance to streaming strength, pricing actions, and global catalog engagement, while also noting progress on technology and efficiency initiatives.
Streaming revenue acceleration: Subscription streaming revenue grew at a double-digit rate, driven by both increased subscriber counts and the implementation of PSM (price per subscriber) increases. Management credited this growth to improved monetization and robust execution across regions and platforms, with U.S. streaming share and new release share both rising. Catalog revitalization: The company’s catalog, representing roughly 65% of recorded music streaming revenue, benefited from targeted marketing campaigns and the use of proprietary AI tools. These efforts boosted engagement with both classic and newly released tracks, particularly among younger audiences. Management highlighted Madonna’s recent campaign as an example of successfully introducing legacy artists to new listeners. Distribution and M&A strategy: Warner Music Group expanded its distribution capabilities through the acquisition of Revelator, a cloud-based digital music platform. This move is expected to support profitable growth in the independent artist segment and enhance global reach. The company also referenced a joint venture with Bain to acquire high-margin music catalogs. AI-driven business transformation: The company is actively using AI for operational efficiency, marketing, and content creation, including partnerships with AI platforms such as Suno. Management believes these initiatives will unlock new revenue streams and enable better monetization of both new and existing content. Operational leverage and cost discipline: Margin expansion was supported by a company-wide focus on cost savings, organizational redesign, and process automation. These measures have enabled Warner Music Group to reinvest in core music operations while driving sustainable profitability.
Story Continues
Drivers of Future Performance
Management expects revenue and margin growth to be driven by new digital partnerships, further PSM actions, and AI monetization.
Expansion of AI monetization: Warner Music Group is positioning itself at the forefront of music-AI partnerships, including licensing deals with platforms like Suno and ongoing discussions with DSPs for AI-powered premium streaming tiers. Management expects these initiatives to provide incremental revenue and margin expansion beginning next year. Global catalog and distribution investments: The company’s strategy includes continued investment in high-margin catalogs via its joint venture with Bain and expansion of digital distribution capabilities. These efforts are intended to deliver predictable returns and broaden Warner Music Group’s footprint among independent artists and international markets. Ongoing cost and process optimization: Management highlighted an “organizational redesign” and the deployment of AI tools for finance and operations as drivers of future efficiency. This focus on operating leverage and digital transformation is expected to sustain margin growth even as the company reinvests in market share and talent development.
Catalysts in Upcoming Quarters
Looking forward, our analysts will monitor (1) Warner Music Group’s ability to monetize AI partnerships and premium streaming tiers, (2) the impact of ongoing catalog acquisitions and distribution expansions on both revenue and market share, and (3) continued progress on organizational efficiency and cost-saving initiatives. Execution in these areas will be critical for meeting management’s long-term growth and profitability targets.
Warner Music Group currently trades at $32.25, up from $31.04 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it’s free for active Edge members).
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- Warner Music Group Corp. Just Recorded A 27% EPS Beat: Here's What Analysts Are Forecasting Next
May 11, 2026
Warner Music Group Corp. (NASDAQ:WMG) defied analyst predictions to release its second-quarter results, which were ahead of market expectations. The company beat forecasts, with revenue of US$1.7b, some 7.6% above estimates, and statutory earnings per share (EPS) coming in at US$0.34, 27% ahead of expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.NasdaqGS:WMG Earnings and Revenue Growth May 11th 2026
Following the latest results, Warner Music Group's 16 analysts are now forecasting revenues of US$7.28b in 2026. This would be a credible 2.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to soar 64% to US$1.41. Before this earnings report, the analysts had been forecasting revenues of US$7.12b and earnings per share (EPS) of US$1.34 in 2026. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.
See our latest analysis for Warner Music Group
It will come as no surprise to learn that the analysts have increased their price target for Warner Music Group 5.4% to US$38.12on the back of these upgrades. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Warner Music Group, with the most bullish analyst valuing it at US$46.00 and the most bearish at US$23.00 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Warner Music Group's past performance and to peers in the same industry. We would highlight that Warner Music Group's revenue growth is expected to slow, with the forecast 4.4% annualised growth rate until the end of 2026 being well below the historical 6.0% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 8.3% per year. Factoring in the forecast slowdown in growth, it seems obvious that Warner Music Group is also expected to grow slower than other industry participants.
Story Continues
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Warner Music Group following these results. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Warner Music Group going out to 2028, and you can see them free on our platform here.
We don't want to rain on the parade too much, but we did also find 3 warning signs for Warner Music Group (1 is a bit concerning!) that you need to be mindful of.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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- Warner Music Group (WMG) Is Up 9.8% After Earnings Beat And Paramount Film Deal News - Has The Bull Case Changed?
May 9, 2026
In early May 2026, Warner Music Group reported second-quarter sales of US$1,732 million and net income of US$183 million, both higher than a year earlier, while also highlighting margin expansion and stronger streaming and catalog performance across Recorded Music and Music Publishing. On the same day, Paramount Pictures and Warner Music Group announced a multi-year, first-look theatrical film deal built around Warner’s artist roster, underscoring how the company is increasingly turning its music catalog into broader visual media franchises. We’ll now examine how Warner’s stronger-than-expected earnings, combined with the new Paramount film partnership, influence its existing investment narrative.
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Warner Music Group Investment Narrative Recap
To own Warner Music Group, you need to believe in its ability to turn a valuable catalog and growing streaming base into steadily improving margins and cash generation. The latest quarter’s stronger revenue and earnings help ease immediate worries about cash flow pressure, while the main near term risk still sits in heavy catalog spending and A&R investment, which could weigh on financial flexibility if monetization lags. The Paramount deal supports the story, but its impact will likely be gradual rather than immediate.
Among recent announcements, the Netflix first look deal for artist documentaries sits closest to the new Paramount partnership. Together, they show Warner pushing its catalog further into film and long form content, widening the ways existing IP can earn over time. For investors focused on catalysts, these media partnerships add an extra layer on top of subscription streaming, but they also raise questions about execution and how quickly new formats can become meaningful to profits.
Yet behind the upbeat headlines, there is still a real risk investors should be aware of if...
Read the full narrative on Warner Music Group (it's free!)
Warner Music Group's narrative projects $8.1 billion revenue and $995.8 million earnings by 2029. This requires 5.6% yearly revenue growth and a $693.8 million earnings increase from $302.0 million today.
Uncover how Warner Music Group's forecasts yield a $36.18 fair value, a 17% upside to its current price.
Exploring Other PerspectivesWMG 1-Year Stock Price Chart
The most cautious analysts were modeling Warner to reach around US$8.0 billion of revenue and roughly US$1.0 billion of earnings by 2029, and they worry that heavy catalog spending might tie up capital without lifting margins as much as hoped. Their view offers a useful counterpoint to the recent beat and Paramount deal, reminding you that opinions differ and that both bullish and bearish cases may shift as this new information is digested.
Story Continues
Explore 2 other fair value estimates on Warner Music Group - why the stock might be worth just $36.18!
Form Your Own Verdict
Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.
A great starting point for your Warner Music Group research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision. Our free Warner Music Group research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Warner Music Group's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include WMG.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Warner Music Group (WMG) Reports Q2 Earnings: What Key Metrics Have to Say
May 7, 2026
For the quarter ended March 2026, Warner Music Group Corp. (WMG) reported revenue of $1.73 billion, up 16.7% over the same period last year. EPS came in at $0.44, compared to $0.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.63 billion, representing a surprise of +6.22%. The company delivered an EPS surprise of +48.35%, with the consensus EPS estimate being $0.30.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Warner Music Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Total Recorded Music: $1.38 billion compared to the $1.28 billion average estimate based on two analysts. Revenue- Music Publishing: $353 million compared to the $337.37 million average estimate based on two analysts. Revenue- Corporate expenses and eliminations: $-1 million compared to the $-1.53 million average estimate based on two analysts. Revenue- Recorded Music- Digital: $975 million versus $933.05 million estimated by two analysts on average. Revenue- Recorded Music- Physical: $137 million versus $107.23 million estimated by two analysts on average. Revenue- Recorded Music- Total Digital and Physical: $1.11 billion versus the two-analyst average estimate of $1.04 billion. Revenue- Music Publishing- Other: $4 million compared to the $3.98 million average estimate based on two analysts. Revenue- Recorded Music- Licensing: $104 million versus the two-analyst average estimate of $108.68 million. Revenue- Music Publishing- Performance: $58 million compared to the $55.4 million average estimate based on two analysts. Revenue- Music Publishing- Digital: $224 million versus the two-analyst average estimate of $209.62 million. Revenue- Music Publishing- Mechanical: $17 million versus the two-analyst average estimate of $15.71 million. Revenue- Music Publishing- Synchronization: $50 million compared to the $52.68 million average estimate based on two analysts.
View all Key Company Metrics for Warner Music Group here>>>
Shares of Warner Music Group have returned +10.2% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Story Continues
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- Warner Music Group Corp. (WMG) Tops Q2 Earnings and Revenue Estimates
May 7, 2026
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.3 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +48.35%. A quarter ago, it was expected that this company would post earnings of $0.4 per share when it actually produced earnings of $0.33, delivering a surprise of -17.5%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Warner Music Group, which belongs to the Zacks Film and Television Production and Distribution industry, posted revenues of $1.73 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 6.22%. This compares to year-ago revenues of $1.48 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Warner Music Group shares have lost about 1% since the beginning of the year versus the S&P 500's gain of 7.6%.
What's Next for Warner Music Group?
While Warner Music Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Warner Music Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.36 on $1.78 billion in revenues for the coming quarter and $1.42 on $7.11 billion in revenues for the current fiscal year.
Story Continues
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Film and Television Production and Distribution is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, CuriosityStream Inc. (CURI), is yet to report results for the quarter ended March 2026. The results are expected to be released on May 14.
This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of -300%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
CuriosityStream Inc.'s revenues are expected to be $17.11 million, up 13.4% from the year-ago quarter.
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- Warner Music surges on earnings beat and film deal with Paramount
May 7, 2026
Investing.com -- Warner Music Group Corp. (NASDAQ:WMG) reported second-quarter results that exceeded analyst expectations, with shares climbing 3.9% in after-hours trading Thursday following the announcement of a film partnership with Paramount Pictures.
The music company posted adjusted earnings per share of $0.44, beating the analyst consensus of $0.27 by $0.17. Revenue reached $1.73 billion, surpassing the $1.61 billion estimate and marking a 17% increase from $1.48 billion in the prior-year quarter. The company attributed the strong performance to accelerating streaming growth driven by per-subscriber minimum increases and market share gains, alongside robust margin expansion from cost-saving initiatives.
"Our Q2 results demonstrate the powerful combination of creative and operational success, as well as financial discipline, providing clear evidence that our strategic transformation is working," said Robert Kyncl, CEO of Warner Music Group.
Recorded Music revenue rose 17% to $1.38 billion, while Music Publishing revenue increased 14% to $353 million. Streaming revenue grew 17%, with Recorded Music streaming up 17% and Music Publishing streaming up 20%. Adjusted OIBDA climbed 31% to $397 million, with margins expanding 2.5 percentage points to 22.9%.
The company also announced a multi-year, first-look film deal with Paramount Pictures to develop theatrical films based on the lives and music of Warner Music's artists and songwriters. The partnership will be executed through WMG's production partner, Unigram.
Net income reached $181 million, or $0.35 per share, compared to $36 million, or $0.07 per share, in the prior-year quarter. Cash from operating activities increased 83% to $126 million.
Warner Music's board declared a quarterly dividend of $0.19 per share, payable June 2, 2026.
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