Business Segments · CapEx
Recorded Music — CapEx
Warner Music Group Recorded Music — CapEx remained flat by 0.0% to $5.5M in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 21.4%, from $7M to $5.5M. Over 4 years (FY 2021 to FY 2025), Recorded Music — CapEx shows a downward trend with a -9.6% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2016
Last reportedQ4 2025Nov 20, 2025
Rolls up toPayments to Acquire Other Productive Assets
How to read this metric
Higher spending indicates investment in future production capacity, while lower spending may signal cost-cutting or a shift to asset-light models.
Detailed definition
Funds used by the recorded music segment to acquire, upgrade, and maintain physical assets such as studio equipment, tec...
Peer comparison
Commonly reported as CapEx in segment disclosures for major record labels.
Metric ID:
wmg_segment_recorded_music_capital_expendituresHistorical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $33M | $52M | $39M | $28M | $22M |
| YoY Change | — | +57.6% | -25.0% | -28.2% | -21.4% |
Range$22M – $52M
CAGR-9.6%
Avg YoY Growth-4.3%
Median YoY Growth-23.2%
Current Streak3 years decline
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Warner Music Group's recorded music — capex?
- Warner Music Group (WMG) reported recorded music — capex of $5.5M in Q3 2025.
- How has Warner Music Group's recorded music — capex changed year-over-year?
- Warner Music Group's recorded music — capex decreased by 21.4% year-over-year, from $7M to $5.5M.
- What is the long-term trend for Warner Music Group's recorded music — capex?
- Over 4 years (2021 to 2025), Warner Music Group's recorded music — capex has grown at a -9.6% compound annual growth rate (CAGR), from $33M to $22M.
- What does recorded music — capex mean?
- Spending on physical assets and infrastructure for the recorded music business.