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Warner Music Group WMG Q3 2025 earnings

Reported August 7, 2025 · Before market open

Revenue$1.7BBeat by $95.7M
EPS-$0.03Miss by $0.32
Revenue estimate$1.6B
EPS estimate$0.29

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$1.7B+8.7%
Gross profit$776.0M+7.2%
Operating income$169.0M-18.4%
Net income-$16.0M-112%
EPS (diluted)-$0.03—

Balance sheet

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Cash & equivalents$527.0M-13.2%
Total debt$4.3B+1.5%
Total equity$589.0M+21.9%
Total assets$9.8B+10.7%

Cash flow

See full
Operating cash flow$46.0M-75.5%
CapEx$39.0M+39.3%
Free cash flow$7.0M-95.6%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$14.08B-11.3%
Enterprise value$17.87B-8.4%
P/E47.4×+18.4×
P/S2.2×-0.3×

Profitability

See full
Gross margin46.6%-0.9pp
Operating margin10.7%-3.2pp
Net margin4.6%-4.0pp
FCF margin9.4%-2.0pp

Returns & leverage

See full
Return on equity55.4%-87.5pp
Debt / equity7.3×-1.5×
Current ratio0.7×0.0×

Segments

By product

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Digital$1.1B+5.3%
Artist services and expanded-rights$195.0M+22.6%
Physical$119.0M-0.8%
Licensing$111.0M+23.3%
Performance$58.0M+11.5%

By geography

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

By segment

See full
Recorded Music$1.4B+8.2%
Music Publishing$336.0M+10.2%

FAQ

When did Warner Music Group report Q3 2025 earnings?
Warner Music Group (WMG) reported Q3 2025 earnings on August 7, 2025 before market open.
What were Warner Music Group's Q3 2025 revenue and EPS?
Warner Music Group reported revenue of $1.7B and eps of $-0.03 for Q3 2025.
Did Warner Music Group beat estimates in Q3 2025?
Revenue beat the consensus estimate of $1.6B by $95.7M. EPS missed the consensus estimate of $0.29 by $0.32.
How did Warner Music Group's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.7% from $1.6B a year earlier.
Where can I find Warner Music Group's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001319161-25-000022) and the 10-Q periodic report (0001319161-25-000023) directly on SEC EDGAR. The filing index links above go to sec.gov.