Welcome to our dedicated page for Warner Music Group news (Ticker: WMG), a resource for investors and traders seeking the latest updates and insights on Warner Music Group stock.
Warner Music Group Corp. reports developments across its Recorded Music, Music Publishing, artist services and independent-distribution businesses. Company updates commonly cover revenue trends in recorded music streaming, publishing royalties, catalog monetization, operating margins and cash flow, with results framed through labels such as Atlantic, Warner Records, Elektra, Parlophone and Rhino and the Warner Chappell Music publishing catalog.
WMG news also includes partnerships, strategic investments and content initiatives that extend the company’s artist and songwriter catalog into new distribution, film, digital-platform and global music markets. Recurring announcements address earnings calls, conference appearances and business relationships involving ADA, WMX, Warner Chappell Music and the company’s international affiliate and licensee network.
Warner Music Group (WMG) has announced a quarterly cash dividend of $0.18 per share for both its Class A and Class B Common Stock. The dividend will be paid on June 3, 2025, to shareholders who are recorded as stockholders at the close of business on May 27, 2025.
Warner Music Group (WMG) has announced a strategic partnership with entrepreneur Anjula Acharia to launch 5 Junction, a new joint venture label focused on discovering U.S.-based artists of South Asian heritage and promoting WMG's existing South Asian artists.
The label will work closely with Warner Records and WMG's India team, building on recent successes like Diljit Dosanjh's record-breaking Punjabi concert in Canada and breakthrough achievements by artists King and Jasleen Royal on Spotify's Global Top 25.
5 Junction will also collaborate with 91 North Records, a joint venture between Warner Music India and Warner Music Canada. The initiative aims to amplify South Asian music in the U.S. market, leveraging Acharia's expertise in building global platforms and cross-cultural careers.
Warner Music Group (WMG) has appointed Armin Zerza as Executive Vice President and Chief Financial Officer, effective May 5, reporting to CEO Robert Kyncl. Zerza joins from Activision Blizzard, where he served as CFO and Chief Commercial Officer, playing a key role in Microsoft's acquisition of the company.
With 30 years of experience across entertainment, technology, and consumer goods industries, Zerza previously spent over 20 years at Procter & Gamble in various senior leadership roles. He held CFO positions for multibillion-dollar businesses including P&G's European Baby Care and Latin America divisions.
Current EVP & CFO Bryan Castellani will serve until May 5 and then transition to an advisory role to ensure a smooth handover. Zerza holds a Master's Degree in Economics and Commerce from Vienna University of Economics and Business.
Warner Music Group (WMG) has scheduled its second quarter fiscal 2025 earnings conference call for Thursday, May 8, 2025 at 8:30 a.m. ET. The financial results will cover the quarter ended March 31, 2025.
Participants must pre-register to receive unique dial-in details and a PIN for the call. The company recommends joining 10 minutes before the start time. Those not planning to ask questions can access the webcast directly at www.wmg.com, where a replay will also be available.
Warner Music Group (NASDAQ: WMG) and Josh Groban were honored at the Harmony Program's annual gala in New York, which raised nearly $800,000 for music education in under-served communities. The event, hosted by CBS Mornings Plus' Adriana Diaz at The Altman Building, featured live performances by Groban and Harmony Program students.
WMG has been partnering with the Harmony Program since 2015, providing financial support, career mentorship, industry internships, and collaborative performances with renowned artists. The company's President of Global Catalog, Kevin Gore, accepted the honor on behalf of WMG, emphasizing the importance of artistic expression and community building through music education.
The gala's planning committee included notable figures such as WMG CEO Robert Kyncl, and received additional sponsorship from SoundCloud and various individual donors.
Warner Music Group (WMG) has announced that CEO Robert Kyncl will participate in a Q&A session at the Morgan Stanley Technology, Media & Telecom Conference on March 6th, 2025 at 9:15am PT.
The session will be accessible to the public through a live webcast link available on WMG's Investor Relations website. Following the event, an audio replay will be made available in the Past Events section of the company's IR homepage.
Warner Music Group (WMG) has announced that its Board of Directors has declared a regular quarterly cash dividend of $0.18 per share on both its Class A and Class B Common Stock. The dividend will be distributed to stockholders of record as of the close of business on February 24, 2025, with the payment scheduled for March 4, 2025.
Warner Music Group (WMG) reported its Q1 FY2025 financial results, showing mixed performance. Total revenue decreased 5% to $1.666 billion, while net income increased 25% to $241 million. Operating income declined 40% to $214 million, and Adjusted OIBDA decreased 20% to $363 million.
The company's Recorded Music segment saw a 7% revenue decline to $1.345 billion, while Music Publishing revenue grew 6% to $323 million. Digital revenue decreased 2%, with streaming revenue down 1.9%. Operating cash flow showed positive growth of 13% to $332 million.
WMG announced a new multi-year agreement with Spotify covering both recorded music and music publishing, and acquired a controlling stake in Tempo Music Investments. The company reaffirmed its full-year Recorded Music subscription streaming revenue and operating cash flow conversion guidance.