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Warner Music Group WMG United States — Revenue

Other geography segments

United Kingdom
$774M+6.6%
Germany
$513M-4.1%

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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$15.12B-2.4%
Enterprise value$15.28B-20.9%
P/E33.5×-18.7×
P/S2.1×-0.3×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Warner Music Group’s 10-K, filed November 20, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Warner Music Group's united states — revenue?
Warner Music Group (WMG) reported united states — revenue of $718.5M in Q3 2025.
How has Warner Music Group's united states — revenue changed year-over-year?
Warner Music Group's united states — revenue increased by 0.1% year-over-year, from $717.5M to $718.5M.
What is the long-term trend for Warner Music Group's united states — revenue?
Over 4 years (2021 to 2025), Warner Music Group's united states — revenue has grown at a 5.0% compound annual growth rate (CAGR), from $2.36B to $2.87B.
What does united states — revenue mean?
This metric represents the total gross income generated from the sale of recorded music and music publishing services within the United States geographic market. It captures the financial performance of the company's domestic operations, reflecting the success of its artist roster and catalog monetization strategies in the largest music market globally. This figure is a primary indicator of the company's domestic market share and consumer demand for its intellectual property.