How has Warner Music Group's recorded music — distribution expense changed year-over-year?

Warner Music Group's recorded music — distribution expense increased by 76.5% year-over-year, from $17M to $30M.

What does recorded music — distribution expense mean?

Costs incurred to deliver recorded music to retailers, streaming platforms, and end consumers. This includes logistics, digital delivery infrastructure, and third-party distribution fees.

Warner Music Group WMG Recorded Music — Distribution expense

Similar metrics at other companies

RSVRRecorded Music — Cost Of Revenue

$3.7M+14.3%

RSVRRecorded Music — General And Administrative Expense

$2.83M+26.9%

CNMDDistribution expense

$13.26M+10.2%

LCUTDistribution expenses

$17.58M-2.7%

UNFIRetail — Distribution expenses

$0—

HASEntertainment — Distribution

$0—

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 wmg:DistributionExpense.

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

Ask your AI about Warner Music Group's recorded music — distribution expense.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Warner Music Group's recorded music — distribution expense?: Warner Music Group (WMG) reported recorded music — distribution expense of $30M in Q1 2026.
How has Warner Music Group's recorded music — distribution expense changed year-over-year?: Warner Music Group's recorded music — distribution expense increased by 76.5% year-over-year, from $17M to $30M.
What does recorded music — distribution expense mean?: Costs incurred to deliver recorded music to retailers, streaming platforms, and end consumers. This includes logistics, digital delivery infrastructure, and third-party distribution fees.