Total Revenue
Warner Music Group Total Revenue decreased by 5.9% to $1.73B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.7%, from $1.48B to $1.73B. Over 4 years (FY 2021 to FY 2025), Total Revenue shows an upward trend with a 6.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates market expansion or higher demand, while a decrease may signal market saturation or competitive pressure.
Detailed definition
Total revenue represents the gross inflow of economic benefits arising from the ordinary operating activities of the com...
Peer comparison
Standard across all public companies; peers in the medical device and diagnostics sector typically show steady growth correlated with product adoption.
total_revenueHistorical Data
| Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.34B | $1.38B | $1.61B | $1.38B | $1.43B | $1.50B | $1.49B | $1.40B | $1.56B | $1.59B | $1.75B | $1.49B | $1.55B | $1.63B | $1.67B | $1.48B | $1.69B | $1.87B | $1.84B | $1.73B |
| QoQ Change | — | +2.7% | +17.3% | -14.7% | +4.1% | +4.5% | -0.6% | -6.0% | +11.8% | +1.4% | +10.2% | -14.5% | +4.0% | +4.9% | +2.2% | -10.9% | +13.8% | +10.6% | -1.5% | -5.9% |
| YoY Change | — | — | — | — | +6.9% | +8.8% | -7.8% | +1.7% | +9.2% | +5.9% | +17.5% | +6.8% | -0.6% | +2.8% | -4.7% | -0.7% | +8.7% | +14.6% | +10.4% | +16.7% |
Product Breakdown
| Segment | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Digital | $1.08B | $1.07B | $1.08B | $1.03B | $1.13B | $1.15B | $1.19B | $1.20B |
| Artist services and expanded-rights | $159.00M | $195.00M | $196.00M | $117.00M | $195.00M | $327.00M | $231.00M | $164.00M |
| Physical | $120.00M | $134.00M | $166.00M | $112.00M | $119.00M | $130.00M | $152.00M | $137.00M |
| Licensing | $90.00M | $128.00M | $110.00M | $105.00M | $111.00M | $126.00M | $121.00M | $104.00M |
| Performance | $52.00M | $43.00M | $56.00M | $53.00M | $58.00M | $61.00M | $64.00M | $58.00M |
| Synchronization | $42.00M | $46.00M | $39.00M | $49.00M | $54.00M | $55.00M | $60.00M | $50.00M |
| Mechanical | $13.00M | $15.00M | $14.00M | $16.00M | $16.00M | $17.00M | $18.00M | $17.00M |
| Other | $4.00M | $5.00M | $7.00M | $4.00M | $4.00M | $3.00M | $5.00M | $4.00M |
| Total | $1.55B | $1.63B | $1.67B | $1.48B | $1.69B | $1.87B | $1.84B | $1.73B |
Business Segments
| Segment | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Recorded Music | $1.25B | $1.34B | $1.35B | $1.18B | $1.35B | $1.53B | $1.48B | $1.38B |
| Music Publishing | $305.00M | $295.00M | $323.00M | $310.00M | $336.00M | $337.00M | $362.00M | $353.00M |
| Total | $1.55B | $1.63B | $1.67B | $1.48B | $1.69B | $1.87B | $1.84B | $1.73B |
Geographic Breakdown — United States
| Segment | FY'23 | FY'24 |
|---|---|---|
| United States | $2.77B | $2.87B |
| United Kingdom | $726.00M | $774.00M |
| Germany | $535.00M | $513.00M |
| Total | $6.04B | $6.43B |
All segment values are derived from annual filings.
Geographic Breakdown — International
| Segment | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| International | $878.00M | $918.00M | $963.00M | $827.00M | $968.00M | $1.08B | $1.08B | $990.00M |
| Total | $1.55B | $1.63B | $1.67B | $1.48B | $1.69B | $1.87B | $1.84B | $1.73B |
Geographic Breakdown — All other territories
| Segment | FY'23 | FY'24 |
|---|---|---|
| All other territories | $2.01B | $2.27B |
| Total | $6.04B | $6.43B |
All segment values are derived from annual filings.
Total Revenue at Other Companies
Frequently Asked Questions
- What is Warner Music Group's total revenue?
- Warner Music Group (WMG) reported total revenue of $1.73B in Q1 2026.
- How has Warner Music Group's total revenue changed year-over-year?
- Warner Music Group's total revenue increased by 16.7% year-over-year, from $1.48B to $1.73B.
- What is the long-term trend for Warner Music Group's total revenue?
- Over 4 years (2021 to 2025), Warner Music Group's total revenue has grown at a 6.1% compound annual growth rate (CAGR), from $5.30B to $6.71B.
- What does total revenue mean?
- The total amount of money a company brings in from its primary business activities before any expenses.