Warner Music Group WMG Business Segments
| TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Music Publishing | $1.39B+3.2% | $1.35B+3.0% | $1.31B+3.3% | $1.26B+2.5% | $1.23B+0.3% | |
| Recorded Music | $5.75B+3.7% | $5.54B+2.5% | $5.41B+3.8% | $5.21B+2.0% | $5.11B-0.3% | |
| Revenue by Product | ||||||
| Artist services and expanded-rights | $917M+5.4% | $870M+4.2% | $835M+18.8% | $703M+5.4% | $667M-1.3% | |
| Digital | $4.68B+3.8% | $4.51B+2.5% | $4.39B+2.0% | $4.31B+1.3% | $4.25B-0.1% | |
| Licensing | $462M-0.2% | $463M+2.4% | $452M-0.4% | $454M+4.8% | $433M+0.2% | |
| Mechanical | $68M+1.5% | $67M+6.3% | $63M+3.3% | $61M+5.2% | $58M+1.8% | |
| Other | $16M0.0% | $16M-11.1% | $18M-10.0% | $20M0.0% | $20M0.0% | |
| Performance | $241M+2.1% | $236M+3.5% | $228M+8.6% | $210M+2.9% | $204M+0.5% | |
| Physical | $538M+4.9% | $513M-2.7% | $527M-0.8% | $531M-0.2% | $532M+0.2% | |
| Synchronization | $219M+0.5% | $218M+10.7% | $197M+4.8% | $188M+6.8% | $176M+0.6% | |
| Revenue by Geography | ||||||
| International | $4.12B+4.1% | $3.95B+2.9% | $3.84B+4.5% | $3.68B+2.5% | $3.59B+0.3% |
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.
