What does recorded music — other adjustments mean?

Non-recurring or non-operational items impacting the recorded music segment's financial results that are excluded from core performance metrics. These adjustments help normalize the segment's profitability for comparative analysis.

Warner Music Group WMG Recorded Music — Other adjustments

Other segment segments

Music Publishing

$0—

Similar metrics at other companies

QDELOther adjustments

$4.7M+292%

CATAll Other Segment — Other Adjustments

-$1M-150%

APO

APOGCorporate & Other — Other adjustments

$0—

CSTMOther Adjustments

$0+100%

CBREReal Estate Investments — Other segment adjustments

$20M+66.7%

CBREProject Management — Other segment adjustments

$2M-71.4%

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:GoodwillOtherIncreaseDecrease.

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 — other adjustments?: Warner Music Group (WMG) reported recorded music — other adjustments of -$13M in Q1 2026.
What does recorded music — other adjustments mean?: Non-recurring or non-operational items impacting the recorded music segment's financial results that are excluded from core performance metrics. These adjustments help normalize the segment's profitability for comparative analysis.