Skip to content
Screener

Warner Music Group WMG Q2 2025 earnings

Reported May 8, 2025 · Before market open

Revenue$1.5BMiss by $33.0M
EPS$0.07Miss by $0.21
Revenue estimate$1.5B
EPS estimate$0.28

Next report

Nov 19, 2026 (in 2 months)
Revenue estimate$1.9B
EPS estimate$0.38

Financials

Q2 2025

Income statement

See full
Revenue$1.5B-0.7%
Gross profit$693.0M-1.4%
Operating income$168.0M+41.2%
Net income$36.0M-62.5%

Balance sheet

See full
Cash & equivalents$637.0M+8.5%
Total debt$4.3B-0.3%
Total equity$567.0M+30.9%
Total assets$9.6B+9.6%

Cash flow

See full
Operating cash flow$69.0M—
CapEx$36.0M+38.5%
Free cash flow$33.0M—

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$16.31B-4.3%
Enterprise value$19.93B-3.9%
P/E36.1×+3.9×
P/S2.6×-0.1×

Profitability

See full
Gross margin46.8%-0.5pp
Operating margin11.6%-2.1pp
Net margin7.1%-1.1pp
FCF margin12%+1.4pp

Returns & leverage

See full
Return on equity90.4%-64.1pp
Debt / equity7.5×-2.4×
Current ratio0.7×0.0×

Segments

By product

See full
Digital$1.0B-0.6%
Artist services and expanded-rights$117.0M-7.1%
Physical$112.0M+0.9%
Licensing$105.0M+1.0%
Performance$53.0M+1.9%

By geography

See full
United States$718.5M—
United Kingdom$214.3M—
Germany$128.8M—

By segment

See full
Recorded Music$1.2B-1.2%
Music Publishing$310.0M+1.3%

FAQ

When did Warner Music Group report Q2 2025 earnings?
Warner Music Group (WMG) reported Q2 2025 earnings on May 8, 2025 before market open.
What were Warner Music Group's Q2 2025 revenue and EPS?
Warner Music Group reported revenue of $1.5B and eps of $0.07 for Q2 2025.
Did Warner Music Group beat estimates in Q2 2025?
Revenue missed the consensus estimate of $1.5B by $33.0M. EPS missed the consensus estimate of $0.28 by $0.21.
How did Warner Music Group's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.7% from $1.5B a year earlier and eps declined 61.1% from $0.18.
Where can I find Warner Music Group's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001319161-25-000014) and the 10-Q periodic report (0001319161-25-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.