Warner Music Group WMG Business Segments
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Music Publishing | $353M-2.5% | $362M+7.4% | $337M+0.3% | $336M+8.4% | $310M-4.0% | |
| Recorded Music | $1.38B-6.8% | $1.48B-3.5% | $1.53B+13.3% | $1.35B+15.2% | $1.18B-12.6% | |
| Revenue by Product | ||||||
| Artist services and expanded-rights | $164M-29.0% | $231M-29.4% | $327M+67.7% | $195M+66.7% | $117M-40.3% | |
| Digital | $1.2B+0.7% | $1.19B+3.4% | $1.15B+1.7% | $1.13B+10.1% | $1.03B-4.7% | |
| Licensing | $104M-14.0% | $121M-4.0% | $126M+13.5% | $111M+5.7% | $105M-4.5% | |
| Mechanical | $17M-5.6% | $18M+5.9% | $17M+6.3% | $16M0.0% | $16M+14.3% | |
| Other | $4M-20.0% | $5M+66.7% | $3M-25.0% | $4M0.0% | $4M-42.9% | |
| Performance | $58M-9.4% | $64M+4.9% | $61M+5.2% | $58M+9.4% | $53M-5.4% | |
| Physical | $137M-9.9% | $152M+16.9% | $130M+9.2% | $119M+6.3% | $112M-32.5% | |
| Synchronization | $50M-16.7% | $60M+9.1% | $55M+1.9% | $54M+10.2% | $49M+25.6% | |
| Revenue by Geography | ||||||
| International | $990M-7.9% | $1.08B-0.6% | $1.08B+11.8% | $968M+17.0% | $827M-14.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Warner Music Group break its business down?
- Warner Music Group (WMG) reports revenue by business across 2 parts — Music Publishing and Recorded Music. Each is extracted from the segment footnotes and tracked over time.
- Where does Warner Music Group's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Warner Music Group's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
