Warner Music Group Corp. Stock Price, News & Analysis

Warner Music Group Corp. (Nasdaq: WMG) has appointed Robert Kyncl as the new CEO, effective January 1, 2023. Kyncl, previously at YouTube, will co-lead with outgoing CEO Steve Cooper for January 2023 before taking full control. During Cooper's tenure since 2011, WMG expanded globally, became a leader in streaming revenue, and diversified income sources. The transition is expected to enhance WMG's innovation and growth trajectory in the music industry.

Warner Music Group Corp. (WMG) announced that CEO Steve Cooper will participate in a Q&A session at the Goldman Sachs Communacopia + Technology Conference on September 12, 2022, at 10:00 a.m. PT. The live session will be webcasted and accessible to the public via WMG's Investor Relations homepage. A replay will also be available later in the Past Events section. WMG operates globally, representing a diverse range of artists and genres, and boasts a significant catalog through its various divisions, including Warner Chappell Music.

Warner Music Group Corp. (WMG) has declared a quarterly cash dividend of $0.16 per share on its Class A and Class B Common Stock. This represents a total dividend payment of approximately $82.4 million, based on the outstanding shares. The dividend is scheduled for payment on September 1, 2022, to stockholders who are on record as of August 24, 2022. This decision reflects WMG's ongoing commitment to returning value to its shareholders.

Warner Music Group reported a 7% revenue increase to $1.432 billion for Q3 2022. Digital revenue grew 2%, while net income surged to $125 million, up from $61 million. Music Publishing revenue soared 30% to $245 million, attributed to strong digital and performance revenue growth. However, OIBDA fell 3% to $233 million, impacted by lower-margin services. The company remains bullish on streaming potential and artist development. Cash flow from operations significantly rose 79% to $163 million, signaling strong financial health.

Warner Music Group will announce its financial results for Q3 on August 9, 2022, encompassing the period ending June 30, 2022. A conference call is scheduled for 8:30 a.m. ET, where investors can register to participate. WMG operates globally with a diverse portfolio of labels and an extensive music catalog, strengthening its position in the entertainment landscape. With over 200 years of legacy, WMG connects artists and audiences through various platforms, showcasing its commitment to innovation and growth in the evolving music industry.

Warner Music Group (WMG) announced that Eric Levin, CFO, will speak at the Credit Suisse 24th Annual Communications Conference on June 14, 2022, at 1:30 p.m. ET. The session will include a Q&A segment and will be accessible via a live webcast on WMG's Investor Relations website. A replay will also be available afterward. WMG continues to impact global entertainment culture, representing notable labels and boasting a diverse music publishing catalog. This event highlights WMG's commitment to transparency and investor engagement.

Warner Music Group (WMG) announced that CFO Eric Levin will participate in a Q&A session at the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 23, 2022, at 1:50 p.m. ET. A live webcast will be accessible to the public via the Investor Relations homepage of WMG’s website. Following the event, a replay of the audio webcast will be available for review in the Past Events section. WMG, with a rich history of over 200 years, operates globally with a diverse catalog of renowned music labels and extensive publishing rights.

Warner Music Group (WMG) has declared a quarterly cash dividend of $0.15 per share on its Class A and Class B Common Stock, totaling approximately $77.2 million. This dividend will be payable on June 1, 2022, to shareholders recorded by close of business on May 23, 2022. With a significant history in music, WMG continues to showcase a robust portfolio of artists and labels.

Warner Music Group reported a 10% revenue growth for Q2 ending March 31, 2022, reaching $1.376 billion, driven by 8% growth in digital revenue. While net income fell 21% to $92 million, OIBDA increased 12% to $255 million, indicating strong operational performance. Music publishing revenue surged 20%, reflecting growth in digital and performance streams. However, free cash flow dropped 88% to $16 million, largely due to timing in royalty payments. Despite net income decline, management expresses optimism for future growth.