Warner Music Group

NASDAQ WMG

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Warner Music Group Gross Profit for the quarter ending March 31, 2024: USD 620.00 M

Warner Music Group Gross Profit is USD 620.00 M for the quarter ending March 31, 2024, a -8.55% change year over year. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.
  • Warner Music Group Gross Profit for the quarter ending March 31, 2023 was USD 678.00 M, a -0.15% change year over year.
  • Warner Music Group Gross Profit for the quarter ending March 31, 2022 was USD 679.00 M, a 8.29% change year over year.
  • Warner Music Group Gross Profit for the quarter ending March 31, 2021 was USD 627.00 M, a 16.98% change year over year.
  • Warner Music Group Gross Profit for the quarter ending March 31, 2020 was USD 536.00 M, a 0.94% change year over year.
NASDAQ: WMG

Warner Music Group

CEO Mr. Stephen Forbes Cooper
IPO Date June 3, 2020
Location United States
Headquarters 1633 Broadway, New York, NY, United States, 10019
Employees 5,900
Sector Communication Services
Industry Entertainment
Description

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 150,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.

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StockViz Staff

September 16, 2024

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