Warner Music Group Corp.WMG
What Warner Music Group Corp. does.
Warner Music Group Corp. (the “Company”) was formed on November 21, 2003. We are the direct parent of WMG Holdings Corp. (“Holdings”), which is the direct parent of WMG Acquisition Corp. (“Acquisition Corp.”). Acquisition Corp. is one of the world’s major music entertainment companies.
The Company and Holdings are holding companies that conduct substantially all of their business operations through their subsidiaries. The terms “we,” “us,” “our,” “ours” and the “Company” refer collectively to Warner Music Group Corp. and its consolidated subsidiaries, unless the context refers only to Warner Music Group Corp. as a corporate entity.
Pursuant to the Agreement and Plan of Merger, dated as of May 6, 2011 (the “Merger Agreement”), by and among the Company, AI Entertainment Holdings LLC (formerly Airplanes Music LLC), a Delaware limited liability company (“Parent”) and an affiliate of Access Industries, Inc., and Airplanes Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), on July 20, 2011 (the “Merger Closing Date”), Merger Sub merged with and into the Company with the Company surviving as a wholly owned subsidiary of Parent (the “Merger”). In connection with the Merger, the Company delisted its common stock from the New York Stock Exchange (the “NYSE”).
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $4.5B | $5.3B | $5.9B | $6.0B | $6.4B | $6.7B |
| Net income | -$475.0M | $304.0M | $551.0M | $430.0M | $435.0M | $365.0M |
| Free cash flow | $378.0M | $545.0M | $607.0M | $560.0M | $638.0M | $539.0M |
More on WMG.
- Warner Music Group Corp. summary
- Warner Music Group Corp. financial statements
- Warner Music Group Corp. key metrics
- Warner Music Group Corp. health scores and style box
- Warner Music Group Corp. earnings
- Warner Music Group Corp. dividends
- Warner Music Group Corp. valuation
- Warner Music Group Corp. ownership and insiders
- Warner Music Group Corp. peers
Figures from Warner Music Group Corp.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.