Warner Music Group Corp (WMG) News & EventsWMGNews & EventsWarner Music Group Corp

Company Reports Q3 Revenue of $1.864B

Reports preliminary Q3 revenue $1.864B, consensus $1.81B. "For the three months ended June 30, 2026, consolidated revenue is estimated to have increased 10% (or 9% in constant currency) to approximately $1,864 million from $1,689 million for the three months ended June 30, 2025," the company said in a regulatory filing. "Recorded Music revenue, prior to intersegment eliminations, is estimated to have increased 10% (or 9% in constant currency) to approximately $1,488 million from $1,354 million for the three months ended June 30, 2025, and Music Publishing revenue, prior to intersegment eliminations, is estimated to have increased 12% (or 11% in constant currency) to approximately $377 million from $336 million for the three months ended June 30, 2025. For the three months ended June 30, 2026, consolidated digital revenue is estimated to have increased 11% (or 9% in constant currency) to approximately $1,251 million from $1,132 million for the three months ended June 30, 2025. Recorded Music streaming revenue is estimated to have increased 12% (or 10% in constant currency) to approximately $1,001 million from $895 million for the three months ended June 30, 2025. Recorded Music streaming revenue reflects growth in subscription revenue of 12% (or 11% in constant currency) and in ad-supported revenue of 10% (or 8% in constant currency). Music Publishing digital revenue is estimated to have increased 15% (same in constant currency) to approximately $235 million from $204 million for the three months ended June 30, 2025."

Warner Music Group Reiterates Financial Targets

In a regulatory filing, Warner Music Group reiterated its commitment to delivering on its financial targets of high-single-digit consolidated revenue growth, double-digit Adjusted OIBDA and Adjusted EPS growth and 50%-60% operating cash flow conversion. The Company expects to deliver an Adjusted OIBDA margin increase versus the prior year at the high end of its 150-200 basis point financial target for the twelve months ended September 30, 2026.

Warner Music Group CFO Armin Zerza Resigns

Warner Music Group announced that Armin Zerza, CFO & COO, has decided to step down from his role for personal reasons, effective immediately. He will remain available to the company through the end of the fiscal year to ensure a seamless transition. Warner Records Co-Chairman and COO Tom Corson is promoted to Chief Operating Officer of the entire organization, reporting directly to WMG CEO Robert Kyncl.