Warner Music Group Corp. reports results for the quarter ended June 30 - Earnings Summary
Warner Music Group Corp. reports results for the quarter ended June 30 - Earnings Summary
Warner Music Group Corp. WMG.OQ reported quarterly adjusted earnings of 39 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 28 cents to 42 cents per share.
Revenue rose 10.4% to $1.86 billion from a year ago; analysts expected $1.81 billion.
Warner Music Group Corp.'s reported EPS for the quarter was 39 cents.
The company reported quarterly net income of $202 million.
Warner Music Group Corp. shares had fallen by 4.0% this quarter and lost 15.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 2.7% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the entertainment production peer group is also "buy"
Wall Street's median 12-month price target for Warner Music Group Corp. is $38.61, about 32.7% above its last closing price of $26.00
This summary was machine generated from LSEG data August 6 at 09:00 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.34 | 0.39 | Beat |
Mar. 31 2026 | 0.27 | 0.34 | Beat |
Dec. 31 2025 | 0.36 | 0.33 | Missed |
Sep. 30 2025 | 0.33 | 0.21 | Missed |