Warner Music Group
Warner Music Group is a leading global music entertainment company that identifies, develops, and markets recording artists and songwriters. The company operates through a family of iconic record labels and a major music publishing business, leveraging a global platform to monetize music across digital, physical, and synchronization channels.
Financials
Based on Q2 2026 filing
Revenue
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Recorded Music
primaryFocuses on the discovery and development of recording artists and the related marketing, promotion, distribution, and licensing of sound recordings. It also includes artist services such as merchandising, touring, and sponsorships.
Atlantic Records, Warner Records, Elektra Records, Parlophone Records, Rhino Entertainment, WMX, Alternative Distribution Alliance (ADA), Spinnin’ Records, 300 Entertainment
Digital streaming services, Physical retailers, Wholesale distributors, Broadcast networks, Individual consumers
Music Publishing
majorAn intellectual property business focused on generating revenue from the use of musical compositions. It manages a catalog of over two million compositions, representing the works of songwriters and composers across all genres.
Warner Chappell Music, Warner Chappell Production Music
Digital music platforms, Performing rights organizations, Film and television studios, Advertising agencies, Video game developers
Segment Financials
Physical — Revenue
View metricArtist services and expanded-rights — Revenue
View metricUnited States — Revenue
View metricMusic Publishing — Total Assets
View metricMusic Publishing — CapEx
View metricMusic Publishing — Severance costs
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Competitive Position
One of the three major global music entertainment companies, holding a significant share of both the recorded music and music publishing markets.
Geographies
Global, United States, Europe, China, Middle East
Customer Segments
B2B, B2C, Enterprise
Upstream Dependencies
Recording artists, Songwriters, Composers, Music producers, Physical manufacturing suppliers
Downstream Customers
Digital Service Providers (DSPs), Social media platforms, Retailers, Broadcasters, Film and TV production companies
Competitors & Partners
Similar Companies
Partners
Apple
AAPL
Digital distribution and streaming partner
Alphabet Inc.
GOOGL
Digital distribution and video streaming partner
Spotify Technology
SPOT
Major digital streaming account
Tencent Music Entertainment Group
TME
Digital distribution partner in China
Amazon
AMZN
Digital distribution and physical retail partner
Bain Capital
Joint venture partner for the Beethoven JV catalog acquisition fund
Deezer
Digital music service partner and minority investment
TikTok
Social media distribution platform
Meta Platforms, Inc.
META
Social media distribution platform (Facebook/Instagram)
Subsidiaries
Atlantic Records
Major record label
Warner Chappell Music
Global music publishing division
Rhino Entertainment
Catalog marketing and reissue division
Parlophone Label Group
European record label group
Spinnin’ Records
Electronic music label
300 Entertainment
Hip-hop focused record label
Warner Music Group FAQ
Common questions about Warner Music Group
Warner Music Group is a leading global music entertainment company that identifies, develops, and markets recording artists and songwriters. The company operates through a family of iconic record labels and a major music publishing business, leveraging a global platform to monetize music across digital, physical, and synchronization channels.
Warner Music Group (WMG) has a market capitalization of $16.9B and trades on NASDAQ.
Warner Music Group generated $7.1B in trailing twelve-month revenue with net income of $452.0M, representing a net margin of 6.3%. Gross margin stands at 45.8%, with free cash flow of $729.0M. These figures are based on the Q1 2026 filing.
Warner Music Group's key competitors include Warner Bros. Discovery, Inc. Series A Common Stock. These companies compete in similar markets and product categories.
Warner Music Group has approximately 5,900 employees.