Warner Music Group WMG Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue by Business | |||||
| Music Publishing | $1.31B+7.9% | $1.21B+11.2% | $1.09B+13.6% | $958M+25.9% | |
| Recorded Music | $5.41B+3.5% | $5.22B+5.4% | $4.96B-0.2% | $4.97B+9.3% | |
| Revenue by Product | |||||
| Artist services and expanded-rights | $835M+22.1% | $684M-8.1% | $744M-3.0% | $767M+28.0% | |
| Digital | $4.39B+2.6% | $4.28B+7.3% | $3.99B+3.2% | $3.87B+9.2% | |
| Licensing | $452M-9.8% | $501M+31.2% | $382M+15.4% | $331M+13.7% | |
| Mechanical | $63M+8.6% | $58M-7.9% | $63M+26.0% | $50M+2.0% | |
| Other | $18M+12.5% | $16M0.0% | $16M+14.3% | $14M+40.0% | |
| Performance | $228M+15.2% | $198M+14.5% | $173M+8.8% | $159M+30.3% | |
| Physical | $527M+1.5% | $519M+2.4% | $507M-9.9% | $563M+2.6% | |
| Synchronization | $197M+12.6% | $175M+4.8% | $167M-2.9% | $172M+19.4% | |
| Revenue by Geography | |||||
| All other territories | $2.46B+8.5% | $2.27B+12.9% | $2.01B+10.0% | $1.83B+10.4% | |
| Germany | $515M+0.4% | $513M-4.1% | $535M-12.7% | $613M-7.4% | |
| International | $3.84B+7.8% | $3.56B+8.7% | $3.28B+3.1% | $3.18B+8.1% | |
| United Kingdom | $857M+10.7% | $774M+6.6% | $726M-1.1% | $734M+18.4% | |
| United States | $2.87B+0.1% | $2.87B+3.8% | $2.77B+0.8% | $2.74B+16.1% |
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.
