What is Warner Music Group's music publishing — impairments?

Warner Music Group (WMG) reported music publishing — impairments of $0 in Q3 2025.

What does music publishing — impairments mean?

Charges recognized when the carrying value of an asset, such as a music catalog or publishing right, exceeds its fair market value. This reflects a downward revision in the expected future cash flows from those specific assets.

Warner Music Group WMG Music Publishing — Impairments

Other segment segments

Recorded Music

$4M—

Similar metrics at other companies

VACImpairment

$0-100%

CWKImpairment Charges

$0-100%

BTSGImpairment Charges

$6.1M+11.9%

GMEImpairment Charges

-$4.6M-113%

SIRIImpairment Charges

$0-100%

HSICImpairment Charges

$0-100%

Other financials

Income statement

See full

Revenue$1.7B+16.7%

Gross profit$802.0M+15.7%

Operating income$264.0M+57.1%

Net income$183.0M+408%

Balance sheet

See full

Cash & equivalents$741.0M+16.3%

Total debt$895.0M-79.0%

Total equity$738.0M+30.2%

Total assets$10.6B+10.9%

Cash flow

See full

Operating cash flow$126.0M+82.6%

CapEx$27.0M-25.0%

Free cash flow$99.0M+200%

Valuation

See full

Market cap$13.85B-14.4%

Enterprise value$14B-29.9%

P/E30.6×-23.8×

P/S1.9×-0.6×

Profitability

See full

Gross margin45.8%-1.0pp

Operating margin12.1%+0.6pp

Net margin6.3%-0.8pp

FCF margin10.2%-1.8pp

Returns & leverage

See full

Return on equity69.3%-21.1pp

Debt / equity1.2×-6.3×

Current ratio0.7×+0.1×

Where this comes from

Reported directly by Warner Music Group in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Warner Music Group’s 10-K, filed November 20, 2025, on SEC EDGAR. View the filing →

Ask your AI about Warner Music Group's music publishing — impairments.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Warner Music Group's music publishing — impairments?: Warner Music Group (WMG) reported music publishing — impairments of $0 in Q3 2025.
What does music publishing — impairments mean?: Charges recognized when the carrying value of an asset, such as a music catalog or publishing right, exceeds its fair market value. This reflects a downward revision in the expected future cash flows from those specific assets.