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Warner Music Group Corp.

WMG Consumer Discretionary Services-Misc. Amusement & Recreation
$31.69
▲ +1.1% Today
as of Oct 22, 16:53 ET
Last 30 days +8.36% Sep 14 → Oct 22
$26.43 $27.84 $29.25 $30.67 $32.08 Sep 14 Sep 22 Sep 29 Oct 07 Oct 14 Oct 22
Open
$31.48
High
$32.04
Low
$31.48
Volume
$2M
Avg Vol
$2M
Mkt Cap
$13.3B
P/E (TTM)
—
Beta
—
52w High
$35.42
52w Low
$23.34
Div Yield
—
Shares Out
—

Recent Press Releases & News last 60 days · 9 items

▸ Show all 9 press releases & news Free account →

WMG earnings at a glance

The options market is pricing a move of about ±2.3% after the report, a range of roughly $30.97 to $32.41 from today's $31.69. Over its last 2 reports the stock rose the next day 1 time and fell 1, moving ±5.1% on average; after the most recent report on May 7, 2026 it moved +2.3%. That means options currently expect less movement than WMG has typically delivered. WMG beat the consensus EPS estimate in 1 of its last 3 reported quarters. Implied volatility is currently 19%. The share price of $31.69 sits in the middle of its 52-week range.

More Consumer Discretionary stocks · All stocks · Earnings calendar

Overview

52-week range
$23
$35
69% of range
Avg surprise (last 3)
-46.5%
Avg reaction (last 2)
-2.8%
50% positive
Latest IV / EM
19%
EM ±2.3% · $29 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$-0.03$0.09$0.20$0.32$0.44 Actual $0.07Est $0.28Actual $-0.03Est $0.27Actual $0.44Est $0.30 Mar/2025Jun/2025Mar/2026
Revenue vs Net Income Revenue Net income
$-16M$477M$971M$1.5B$2.0B Dec 24Mar 25Jun 25Dec 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Thu May 7, 2026Mar/2026 $0.44 $0.30 +46.7% +528.6% +2.3% earnings
Thu Aug 7, 2025Jun/2025 $-0.03 $0.27 -111.1% — — earnings
Thu May 8, 2025Mar/2025 $0.07 $0.28 -75.0% — -7.9% earnings

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue$1.86B$1.73B$1.84B—$1.69B$1.48B$1.67B—
Cost of revenue$1.01B$930M$987M—$913M$791M$894M—
Gross profit————————
Operating income$305M$264M$288M—$169M$168M$214M—
Net income$204M$183M$176M—$-16M$36M$236M—
EPS (diluted)————————

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents$618M$741M$751M$532M$527M$637M$802M$694M
Inventory$69M$65M$60M$62M$101M$88M$84M$99M
Total current assets$3.26B$3.22B$3.02B$2.77B$2.68B$2.60B$2.72B$2.64B
Total assets$10.73B$10.61B$10.01B$9.83B$9.78B$9.57B$9.15B$9.15B
Long-term debt$4.71B$4.72B$4.37B$4.37B$4.06B$3.99B$3.96B$4.01B
Total liabilities$9.64B$9.64B$9.18B$9.07B$8.96B$8.78B$8.45B$8.48B
Total equity$854M$839M$824M$647M$812M$790M$697M$518M

Implied volatility — last 90 days

18%35%51%67%84% Jun 07 — IV 68% · EM ±9.4%Jun 22 — IV 35% · EM ±7.3%Jun 23 — IV 28% · EM ±5.6%Jun 24 — IV 28% · EM ±5.5%Jun 30 — IV 32% · EM ±5.5%Jul 02 — IV 60% · EM ±9.7%Jul 03 — IV 62% · EM ±9.7%Jul 07 — IV 64% · EM ±8.4%Jul 20 — IV 45% · EM ±10.6%Jul 21 — IV 37% · EM ±8.6%Jul 22 — IV 32% · EM ±7.2%Jul 23 — IV 63% · EM ±14.1%Jul 24 — IV 66% · EM ±14.6%Jul 27 — IV 57% · EM ±11.9%Jul 28 — IV 50% · EM ±10.3%Jul 29 — IV 64% · EM ±12.8%Jul 30 — IV 64% · EM ±12.5%Jul 31 — IV 44% · EM ±8.4%Aug 03 — IV 84% · EM ±14.9%Aug 04 — IV 56% · EM ±9.6%Aug 05 — IV 40% · EM ±6.6%Aug 07 — IV 59% · EM ±9.3%Aug 10 — IV 37% · EM ±5.1%Aug 12 — IV 56% · EM ±7.1%Aug 24 — IV 38% · EM ±8.0%Aug 25 — IV 40% · EM ±8.2%Aug 26 — IV 19% · EM ±3.8%Aug 28 — IV 51% · EM ±9.7%Sep 01 — IV 70% · EM ±12.0%Sep 02 — IV 72% · EM ±12.0%Sep 03 — IV 68% · EM ±11.0%Sep 04 — IV 66% · EM ±10.2%Sep 07 — IV 74% · EM ±10.2%Sep 14 — IV 41% · EM ±3.4%Sep 15 — IV 79% · EM ±5.7%Sep 21 — IV 48% · EM ±10.1%Sep 22 — IV 50% · EM ±10.1%Sep 23 — IV 44% · EM ±8.8%Sep 30 — IV 54% · EM ±9.1%Oct 02 — IV 39% · EM ±6.1%Oct 05 — IV 54% · EM ±7.5%Oct 06 — IV 49% · EM ±6.5%Oct 07 — IV 77% · EM ±9.6%Oct 08 — IV 19% · EM ±2.3%

Sector peers

WMG earnings FAQ

What is WMG's expected move for earnings?

Options currently price a move of about ±2.3%, or $0.72 per share either way from $31.69.

How does WMG stock usually react to earnings?

Across the last 2 reports the average next-day move was ±5.1%, up 1 times and down 1 times.

What is WMG's implied volatility?

WMG's at-the-money implied volatility is about 19% based on the latest options snapshot.

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