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What this page is: Delvantic's full research page for Warner Music Group Corp. (WMG) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
/llms.txt ·
any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Warner Music Group Corp.
WMG NASDAQ
Communication Services · Entertainment
New York, NY 10019, United States
wmg.com
Price
$25.34
Market Cap
$13.3B
Employees
5,800
Beta
1.29
Avg Volume
2,259,710
Last Dividend
$0.77
CEO
Mr. Robert Kyncl
Warner Music Group is a music entertainment company operating through two primary segments: Recorded Music and Music Publishing. In its Recorded Music segment, the company discovers and develops recording artists, handling marketing, promotion, distribution, and licensing of their music, while also monetizing its catalog through compilations and reissues. The Music Publishing segment manages songwriter and publisher rights. Warner Music Group serves a global market across the United States, United Kingdom, Germany, and internationally, generating revenue through digital streaming, physical sales, artist services, expanded rights, licensing, and performance royalties. The company distributes its content through digital service providers, direct partnerships, and traditional retail channels. Its iconic labels include Atlantic, Parlophone, and Warner Records, representing some of the world's leading recording artists. As a publicly traded entity, Warner Music Group provides investors exposure to the evolving music industry, which increasingly relies on digital platforms and subscription-based streaming models for revenue generation.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 14 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Aug 5, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+7.5%
Feb '26
-41.6%
Feb '26
+48.3%
May '26
+30.8%
Aug '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Aug 5, 2026 | $0.39 | $0.51 +30.8% | — | — |
| May 7, 2026 | $0.29 | $0.43 +48.3% | — | — |
| Feb 23, 2026 | $1.01 | $0.59 -41.6% | — | — |
| Feb 5, 2026 | $0.40 | $0.43 +7.5% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 12, 2026 | SCHEDULE 13G | View |
| Aug 11, 2026 | 3 | View |
| Aug 7, 2026 | 3 | View |
| Aug 5, 2026 | 10-Q | View |
| Aug 5, 2026 | 8-K | View |
| Aug 3, 2026 | 8-K | View |
| Jul 31, 2026 | 8-K | View |
| Jul 27, 2026 | SCHEDULE 13G/A | View |
| Jun 4, 2026 | 4 | View |
| Jun 4, 2026 | 4 | View |
| Jun 4, 2026 | 4 | View |
| Jun 4, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 14, 2026 9:09am (just now)
Current data · timestamped when a report runs
$25.34
Change · Aug 14
+0.55 (+2.22%)
Day Range
$24.67 – $25.50
52-Week Range
$23.34 – $35.42
50-Day MA
$27.69
200-Day MA
$28.91
Volume
1,864,460.00
Share Structure
Outstanding
523,109,000.00
Float
130,390,341.00
Free Float
24.9%
Low free float
— 24.9% of shares trade freely, ~75.1% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
36.32
Stock Price: $25.34
EPS (Diluted): N/A
EPS (Diluted): N/A
EPS not available in income statement
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
—
Stock Price: $25.34
Total Equity: $757.00M
Shares: N/A
Total Equity: $757.00M
Shares: N/A
Missing from API: Shares
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
15.69
Market Cap: $13.26B
Total Debt: $4.06B
Cash: $532.00M
EBITDA: $1.07B
Total Debt: $4.06B
Cash: $532.00M
EBITDA: $1.07B
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$16.8B
Market Cap: $13.26B
Total Debt: $4.06B
Cash: $532.00M
Total Debt: $4.06B
Cash: $532.00M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
45.8%
Gross Profit: $3.08B
Revenue: $6.71B
Revenue: $6.71B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
10.3%
Operating Income: $694.00M
Revenue: $6.71B
Revenue: $6.71B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
5.4%
Net Income: $365.00M
Revenue: $6.71B
Revenue: $6.71B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
48.2%
Net Income: $365.00M
Total Equity: $757.00M
Total Equity: $757.00M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
12.2%
Operating Income: $694.00M
Tax Rate: 24.5%
Equity: $757.00M
Total Debt: $4.06B
Cash: $532.00M
Tax Rate: 24.5%
Equity: $757.00M
Total Debt: $4.06B
Cash: $532.00M
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
0.66
Current Assets: $2.77B
Current Liabilities: $4.20B
Current Liabilities: $4.20B
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
5.37
Short-Term Debt: $0.00
Long-Term Debt: $4.06B
Total Debt: $4.06B
Total Equity: $757.00M
Long-Term Debt: $4.06B
Total Debt: $4.06B
Total Equity: $757.00M
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
—
Revenue: $6.71B
Shares: N/A
Shares: N/A
Missing from API: Shares
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
—
Total Equity: $757.00M
Shares: N/A
Shares: N/A
Missing from API: Shares
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
—
Operating CF: $678.00M
CapEx: -$139.00M
Shares: N/A
CapEx: -$139.00M
Shares: N/A
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
3.0%
Last Dividend: $0.77
Stock Price: $25.34
Stock Price: $25.34
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
104.9%
Dividends Paid: -$383.00M
Net Income: $365.00M
Net Income: $365.00M
Income Statement (Annual)
Last updated: Aug 14, 2026 9:09am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.9B | $6.0B | $6.4B | $6.7B |
| Cost of Revenue | — | — | $3.2B | $3.4B | $3.6B |
| Gross Profit | — | — | $2.9B | $3.1B | $3.1B |
| Operating Expenses | — | — | $2.1B | $2.2B | $2.4B |
| Operating Income | $609.0M | $714.0M | $790.0M | $823.0M | $694.0M |
| Net Income | $304.0M | $551.0M | $430.0M | $435.0M | $365.0M |
| EBITDA | $915.0M | $1.1B | $1.1B | $1.2B | $1.1B |
| EPS | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Aug 14, 2026 9:09am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $499.0M | $584.0M | $641.0M | $694.0M | $532.0M |
| Total Current Assets | $1.9B | $2.1B | $2.4B | $2.6B | $2.8B |
| Total Assets | $7.2B | $7.8B | $8.5B | $9.2B | $9.8B |
| Current Liabilities | $3.2B | $3.4B | $3.5B | $3.9B | $4.2B |
| Long-Term Debt | $3.3B | $3.7B | $4.0B | $4.0B | $4.1B |
| Total Liabilities | $7.2B | $7.7B | $8.1B | $8.5B | $9.1B |
| Total Equity | $46.0M | $168.0M | $430.0M | $675.0M | $757.0M |
| Retained Earnings | -$1.7B | -$1.5B | -$1.4B | -$1.3B | -$1.3B |
Cash Flow (Annual)
Last updated: Aug 14, 2026 9:09am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $638.0M | $742.0M | $687.0M | $754.0M | $678.0M |
| Capital Expenditure | — | -$135.0M | -$127.0M | -$116.0M | -$139.0M |
| Free Cash Flow | — | $607.0M | $560.0M | $638.0M | $539.0M |
| Acquisitions (net) | -$64.0M | -$509.0M | -$126.0M | -$40.0M | -$46.0M |
| Net Debt Issued / (Repaid) | — | — | — | — | — |
| Dividends Paid | -$265.0M | -$318.0M | -$340.0M | -$361.0M | -$383.0M |
| Stock Buybacks | — | — | $0 | $0 | -$16.0M |
| Net Change in Cash | -$54.0M | $85.0M | $57.0M | $53.0M | -$162.0M |
Growth Trends (YoY %)
Last updated: Aug 14, 2026 9:09am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +11.7% | +2.0% | +6.4% | +4.4% |
| Gross Profit Growth | — | — | +7.4% | +0.1% |
| Operating Income Growth | +17.2% | +10.6% | +4.2% | -15.7% |
| Net Income Growth | +81.3% | -22.0% | +1.2% | -16.1% |
| EBITDA Growth | +15.1% | +6.6% | +2.5% | -7.0% |
Dividend History (Last 20)
Last updated: Aug 14, 2026 9:09am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-08-20 | $0.20 | — | — | — |
| 2026-05-26 | $0.19 | — | — | — |
| 2026-02-18 | $0.19 | — | — | — |
| 2025-11-19 | $0.19 | — | — | — |
| 2025-08-20 | $0.19 | — | — | — |
| 2025-05-27 | $0.18 | — | — | — |
| 2025-02-24 | $0.18 | — | — | — |
| 2024-11-19 | $0.18 | — | — | — |
| 2024-08-27 | $0.18 | — | — | — |
| 2024-05-22 | $0.17 | — | — | — |
| 2024-02-21 | $0.17 | — | — | — |
| 2023-11-20 | $0.17 | — | — | — |
| 2023-08-23 | $0.17 | — | — | — |
| 2023-05-22 | $0.16 | — | — | — |
| 2023-02-17 | $0.16 | — | — | — |
| 2022-11-21 | $0.16 | — | — | — |
| 2022-08-23 | $0.16 | — | — | — |
| 2022-05-20 | $0.15 | — | — | — |
| 2022-02-17 | $0.15 | — | — | — |
| 2021-11-22 | $0.15 | — | — | — |
Industry Benchmarks
Compares WMG against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for WMG — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for WMG — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for WMG — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for WMG — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
No community reviews yet for WMG.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.532 · 1ec19de8 · 2026-08-13 17:53:37