Physical — Revenue
Warner Music Group Physical — Revenue decreased by 9.9% to $137.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 22.3%, from $112.00M to $137.00M. Over 4 years (FY 2021 to FY 2025), Physical — Revenue shows relatively stable performance with a -1.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong demand for physical media or successful catalog re-releases, while a decrease may indicate a shift toward digital consumption or declining interest in physical formats.
Detailed definition
This metric represents the total gross revenue generated from the sale of physical music formats, such as vinyl records,...
Peer comparison
Peers in the music industry report this as 'Physical Revenue' or 'Physical Music Sales', often comparing it against digital streaming growth rates.
wmg_segment_physical_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 | $130.00M | $127.00M | $195.00M | $122.00M | $123.00M | $123.00M | $133.00M | $118.00M | $126.00M | $130.00M | $154.00M | $111.00M | $120.00M | $134.00M | $166.00M | $112.00M | $119.00M | $130.00M | $152.00M | $137.00M |
| QoQ Change | — | -2.3% | +53.5% | -37.4% | +0.8% | +0.0% | +8.1% | -11.3% | +6.8% | +3.2% | +18.5% | -27.9% | +8.1% | +11.7% | +23.9% | -32.5% | +6.3% | +9.2% | +16.9% | -9.9% |
| YoY Change | — | — | — | — | -5.4% | -3.1% | -31.8% | -3.3% | +2.4% | +5.7% | +15.8% | -5.9% | -4.8% | +3.1% | +7.8% | +0.9% | -0.8% | -3.0% | -8.4% | +22.3% |
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Frequently Asked Questions
- What is Warner Music Group's physical — revenue?
- Warner Music Group (WMG) reported physical — revenue of $137.00M in Q1 2026.
- How has Warner Music Group's physical — revenue changed year-over-year?
- Warner Music Group's physical — revenue increased by 22.3% year-over-year, from $112.00M to $137.00M.
- What is the long-term trend for Warner Music Group's physical — revenue?
- Over 4 years (2021 to 2025), Warner Music Group's physical — revenue has grown at a -1.0% compound annual growth rate (CAGR), from $549.00M to $527.00M.
- What does physical — revenue mean?
- Total revenue earned from the sale of physical music products like vinyl and CDs.