Every 10-Q that Warner Music Group Corp. (WMG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WMG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WMG filings page.
Warner Music Group Corp. reported higher sales and profitability for the quarter and nine months ended June 30, 2026. Quarterly revenue was $1,864 million versus $1,689 million a year earlier, with net income attributable to the company of $204 million, reversing a prior-year loss.
For the nine months, revenue reached $5,436 million and net income attributable to the company rose to $563 million, with diluted Class A EPS of $1.05. Operating cash flow strengthened to $708 million, funding $505 million of catalog and rights acquisitions, $300 million of dividends and $48 million of share repurchases.
The balance sheet shows $618 million of cash and total debt of $4,710 million, including a new $1,295 million Term Loan A used to refinance a Term Loan B facility. Nonrecourse structures such as the Beethoven joint venture and Tempo asset-based notes finance music rights. Cumulative charges under the 2025 restructuring plan reached $152 million, and the EMP merchandising business remains held for sale with additional impairments recorded.
Warner Music Group delivered strong results for the quarter ended March 31, 2026. Revenue rose to $1,732 million from $1,484 million a year earlier, led by Recorded Music at $1,380 million and Music Publishing at $353 million.
Net income attributable to Warner Music Group Corp. jumped to $183 million from $36 million, with diluted EPS of $0.34 for both Class A and Class B shares. For the first six months, revenue reached $3,572 million and net income $359 million.
Operating cash flow for the six months strengthened to $566 million, supporting $200 million of dividends and $48 million of share repurchases. The company invested heavily in catalogs, including about $401 million through the Beethoven joint venture, while managing total debt of $4,719 million and cash of $741 million.
Warner Music Group reported revenue of $1,840 million for the quarter ended December 31, 2025, up from $1,666 million a year earlier, driven mainly by growth in digital streaming and artist services. Digital revenue rose to $976 million, while total Recorded Music revenue reached $1,480 million and Music Publishing revenue $362 million.
Net income attributable to Warner Music Group Corp. declined to $176 million from $236 million, and earnings per share for both Class A and Class B stock fell to $0.33 from $0.45, reflecting higher interest expense, restructuring charges and a $5 million loss on divestitures. Operating income improved to $288 million from $214 million, supported by revenue growth and cost controls.
Cash flow from operating activities was strong at $440 million, helping lift cash and equivalents to $751 million versus $535 million at the start of the period. Long‑term debt, including current portion, stood at $4,371 million with a weighted‑average interest rate of 4.0%. The company continued its 2025 Restructuring Plan, recording $34 million in restructuring and impairment charges this quarter and has cumulatively booked $143 million toward an expected $200 million total. Warner Music paid a quarterly cash dividend of $0.19 per share (about $100 million in aggregate) and repurchased 920,000 Class A shares for $26 million.
Q3 FY25 highlights (ended 6/30/25)
- Revenue rose 8.7% YoY to $1.689 bn, driven by 8.2% growth in Recorded Music ($1.354 bn) and 10.2% in Music Publishing ($336 mn).
- Digital formats contributed $929 mn (55% of total).
- Adjusted OIBDA climbed 18% to $373 mn, yet operating income fell 18% to $169 mn as restructuring & impairment costs spiked to $69 mn and “Other expense” swung to a $137 mn loss.
- Bottom line turned to a $16 mn loss (-$0.03/sh) versus $141 mn profit a year ago.
- For 9 Mths, revenue inched up 1% to $4.84 bn; net income slid 39% to $261 mn (EPS $0.49).
- Operating cash flow held at $447 mn, but free cash was absorbed by $283 mn dividends, $152 mn catalog buys and $111 mn capex.
- Total debt increased to $4.36 bn after assuming $302 mn non-recourse Tempo notes; cash fell to $527 mn, pushing net leverage to ~3.4×.
- Strategic moves: acquired 50.1% of Tempo Music for $76 mn; launched up-to-$500 mn Beethoven credit JV for future catalog acquisitions.
- Capital returns: $100 mn buyback authorized ($3 mn executed YTD); $0.18 dividend paid, $0.19 declared for Sept-25.
Outlook: Ongoing restructuring ($217 mn cumulative charges) expected to finish by FY-26, freeing funds for growth investments.