What is Warner Music Group's recorded music — acquisitions?

Warner Music Group (WMG) reported recorded music — acquisitions of $4M in Q1 2026.

What is the long-term trend for Warner Music Group's recorded music — acquisitions?

Over 3 years (2021 to 2025), Warner Music Group's recorded music — acquisitions has grown at a 50.8% compound annual growth rate (CAGR), from -$7M to $24M.

What does recorded music — acquisitions mean?

The capital deployed to acquire music catalogs, labels, or distribution rights to expand the recorded music segment's portfolio. This reflects the company's strategy for inorganic growth and long-term asset accumulation.

Warner Music Group WMG Recorded Music — Acquisitions

Other segment segments

Music Publishing

$0—

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ADBEDigital Media — Acquisitions

$3.5M—

ADBEPublishing and Advertising — Acquisitions

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CMCSAMedia — Acquisitions

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CMCSAStudios — Acquisitions

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GNTXPremium Audio Products — Acquisitions (including measurement period adjustments) (see Note 16)

$3.77M+18.5%

Other financials

Income statement

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Revenue$1.7B+16.7%

Gross profit$802.0M+15.7%

Operating income$264.0M+57.1%

Net income$183.0M+408%

Balance sheet

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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

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Operating cash flow$126.0M+82.6%

CapEx$27.0M-25.0%

Free cash flow$99.0M+200%

Valuation

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Market cap$13.85B-14.4%

Enterprise value$14B-29.9%

P/E30.6×-23.8×

P/S1.9×-0.6×

Profitability

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Gross margin45.8%-1.0pp

Operating margin12.1%+0.6pp

Net margin6.3%-0.8pp

FCF margin10.2%-1.8pp

Returns & leverage

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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:GoodwillAcquiredDuringPeriod.

The official record: Warner Music Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Warner Music Group's recorded music — acquisitions?: Warner Music Group (WMG) reported recorded music — acquisitions of $4M in Q1 2026.
What is the long-term trend for Warner Music Group's recorded music — acquisitions?: Over 3 years (2021 to 2025), Warner Music Group's recorded music — acquisitions has grown at a 50.8% compound annual growth rate (CAGR), from -$7M to $24M.
What does recorded music — acquisitions mean?: The capital deployed to acquire music catalogs, labels, or distribution rights to expand the recorded music segment's portfolio. This reflects the company's strategy for inorganic growth and long-term asset accumulation.