Warner Music Group (WMG) Revenue & Revenue Breakdown

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Warner Music Group Revenue Highlights

Latest Revenue (Y)

$6.04B

Latest Revenue (Q)

$1.49B

Main Segment (Y)

Recorded Music

Main Geography (Y)

UNITED STATES

Warner Music Group Revenue by Period

Warner Music Group Revenue by Year

Date	Revenue	Change
2023-09-30	$6.04B	1.99%
2022-09-30	$5.92B	11.66%
2021-09-30	$5.30B	18.78%
2020-09-30	$4.46B	-0.27%
2019-09-30	$4.47B	11.74%
2018-09-30	$4.00B	12.00%
2017-09-30	$3.58B	10.17%
2016-09-30	$3.25B	9.44%
2015-09-30	$2.97B	-2.02%
2014-09-30	$3.03B	5.43%
2013-09-30	$2.87B	3.27%
2012-09-30	$2.78B	401.81%
2011-09-30	$554.00M	-81.43%
2010-09-30	$2.98B	-6.69%
2009-09-30	$3.20B	-8.39%
2008-09-30	$3.49B	3.13%
2007-09-30	$3.38B	-3.73%
2006-09-30	$3.52B	0.40%
2005-09-30	$3.50B	97.96%
2004-09-30	$1.77B	-47.60%
2003-11-30	$3.38B	2.61%
2002-11-30	$3.29B	-4.94%
2000-11-30	$3.46B	-

Warner Music Group generated $6.04B in revenue during NA 2023, up 1.99% compared to the previous quarter, and up 150.74% compared to the same period a year ago.

Warner Music Group Revenue by Quarter

Date	Revenue	Change
2024-03-31	$1.49B	-14.53%
2023-12-31	$1.75B	10.21%
2023-09-30	$1.59B	1.41%
2023-06-30	$1.56B	11.79%
2023-03-31	$1.40B	-5.98%
2022-12-31	$1.49B	-0.60%
2022-09-30	$1.50B	4.54%
2022-06-30	$1.43B	4.07%
2022-03-31	$1.38B	-14.75%
2021-12-31	$1.61B	17.30%
2021-09-30	$1.38B	2.69%
2021-06-30	$1.34B	7.20%
2021-03-31	$1.25B	-6.37%
2020-12-31	$1.33B	18.56%
2020-09-30	$1.13B	11.49%
2020-06-30	$1.01B	-5.70%
2020-03-31	$1.07B	-14.73%
2019-12-31	$1.26B	11.74%
2019-09-30	$1.12B	6.24%
2019-06-30	$1.06B	-2.94%
2019-03-31	$1.09B	-9.39%
2018-12-31	$1.20B	15.78%
2018-09-30	$1.04B	8.46%
2018-06-30	$958.00M	-0.52%
2018-03-31	$963.00M	-7.85%
2017-12-31	$1.04B	13.96%
2017-09-30	$917.00M	-
2017-06-30	$917.00M	11.15%
2017-03-31	$825.00M	-10.03%
2016-12-31	$917.00M	9.04%
2016-09-30	$841.00M	3.70%
2016-06-30	$811.00M	8.86%
2016-03-31	$745.00M	-12.25%
2015-12-31	$849.00M	13.20%
2015-09-30	$750.00M	5.63%
2015-06-30	$710.00M	4.87%
2015-03-31	$677.00M	-18.34%
2014-12-31	$829.00M	7.52%
2014-09-30	$771.00M	-2.16%
2014-06-30	$788.00M	20.67%
2014-03-31	$653.00M	-19.88%
2013-12-31	$815.00M	6.68%
2013-09-30	$764.00M	15.23%
2013-06-30	$663.00M	-1.78%
2013-03-31	$675.00M	-12.22%
2012-12-31	$769.00M	6.95%
2012-09-30	$719.00M	9.94%
2012-06-30	$654.00M	4.14%
2012-03-31	$628.00M	-19.38%
2011-12-31	$779.00M	40.61%
2011-09-30	$554.00M	-19.24%
2011-06-30	$686.00M	0.59%
2011-03-31	$682.00M	-13.56%
2010-12-31	$789.00M	4.92%
2010-09-30	$752.00M	15.34%
2010-06-30	$652.00M	-1.51%
2010-03-31	$662.00M	-27.89%
2009-12-31	$918.00M	6.62%
2009-09-30	$861.00M	11.96%
2009-06-30	$769.00M	15.12%
2009-03-31	$668.00M	-23.92%
2008-12-31	$878.00M	2.81%
2008-09-30	$854.00M	0.71%
2008-06-30	$848.00M	6.00%
2008-03-31	$800.00M	-

Warner Music Group generated $1.49B in revenue during Q2 2024, up -14.53% compared to the previous quarter, and up 100.40% compared to the same period a year ago.

Warner Music Group Revenue Breakdown

Warner Music Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Sep 23	Sep 22	Sep 21	Sep 20	Sep 19
Recorded Music	$4.96B	$4.97B	$4.54B	$3.81B	$3.84B
Music Publishing	$1.09B	$958.00M	$761.00M	$657.00M	$643.00M

Warner Music Group's latest annual revenue breakdown by segment (product or service), as of Sep 23: Recorded Music (82.00%), and Music Publishing (18.00%).

Quarterly Revenue by Product

Product/Service	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Music Publishing	$306.00M	$304.00M	$298.00M	$283.00M	$257.00M	$250.00M	$254.00M	$245.00M	$230.00M	$229.00M	$205.00M	$189.00M	$192.00M	$175.00M	$169.00M	$149.00M	$166.00M	$173.00M	$173.00M	$147.00M
Recorded Music	$1.19B	$1.45B	$1.29B	$1.28B	$1.14B	$1.24B	$1.24B	$1.19B	$1.15B	$1.39B	$1.17B	$1.15B	$1.06B	$1.16B	$958.00M	$861.00M	$907.00M	$1.08B	$953.00M	$913.00M

Warner Music Group's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Recorded Music (79.53%), and Music Publishing (20.47%).

Warner Music Group Revenue Breakdown by Country

Annual Revenue by Country

Country	Sep 23	Sep 22	Sep 21	Sep 20	Sep 19
All Other Countries	$2.01B	$1.83B	$1.66B	$1.92B	-
UNITED STATES	$2.77B	$2.74B	$2.36B	$1.93B	$1.96B
GERMANY	$535.00M	$613.00M	$662.00M	-	-

Warner Music Group's latest annual revenue breakdown by geography, as of Sep 23: UNITED STATES (52.08%), All Other Countries (37.85%), and GERMANY (10.07%).

Quarterly Revenue by Country

Country	Mar 24	Dec 23	Mar 20	Dec 19	Jun 19	Mar 19	Dec 18
Non-US	$817.00M	$950.00M	$606.00M	$723.00M	$652.00M	-	-
International	-	-	-	-	-	$670.00M	$790.00M

Warner Music Group's latest quarterly revenue breakdown by geography, as of Mar 24: Non-US (100.00%).

Warner Music Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FWONA	Formula One Group	$22.75B	$988.00M
BATRA	Formula One Group	$22.75B	$290.67M
FOX	Fox	$13.98B	$3.56B
NWS	News	$10.09B	$2.58B
WMG	Warner Music Group	$6.04B	$1.49B
SPHR	Sphere Entertainment	$1.72B	$321.33M
WWE	World Wrestling Entertainment	$1.29B	$410.30M
MSGS	Madison Square Garden Sports	$1.03B	$53.31M
MCS	Marcus	$729.58M	$232.67M

WMG Revenue FAQ

What is Warner Music Group’s yearly revenue?

Warner Music Group's yearly revenue for 2023 was $6.04B, representing an increase of 1.99% compared to 2022. The company's yearly revenue for 2022 was $5.92B, representing an increase of 11.66% compared to 2021. WMG's yearly revenue for 2021 was $5.3B, representing an increase of 18.78% compared to 2020.

What is Warner Music Group’s quarterly revenue?

Warner Music Group's quarterly revenue for Q2 2024 was $1.49B, a -14.53% decrease from the previous quarter (Q1 2024), and a 6.79% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $1.75B, a 10.21% increase from the previous quarter (Q4 2023), and a 17.47% increase year-over-year (Q1 2023). WMG's quarterly revenue for Q4 2023 was $1.59B, a 1.41% increase from the previous quarter (Q3 2023), and a 5.95% increase year-over-year (Q4 2022).

What is Warner Music Group’s revenue growth rate?

Warner Music Group's revenue growth rate for the last 3 years (2021-2023) was 13.88%, and for the last 5 years (2019-2023) was 34.91%.

What are Warner Music Group’s revenue streams?

Warner Music Group's revenue streams in p 23 are Recorded Music, and Music Publishing. Recorded Music generated $4.96B in revenue, accounting 82.00% of the company's total revenue, down -0.22% year-over-year. Music Publishing generated $1.09B in revenue, accounting 18.00% of the company's total revenue, up 13.57% year-over-year.

What is Warner Music Group’s main source of revenue?

For the fiscal year ending Sep 23, the largest source of revenue of Warner Music Group was Recorded Music. This segment made a revenue of $4.96B, representing 82.00% of the company's total revenue.