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

DateRevenueChange
2023-09-30$6.04B1.99%
2022-09-30$5.92B11.66%
2021-09-30$5.30B18.78%
2020-09-30$4.46B-0.27%
2019-09-30$4.47B11.74%
2018-09-30$4.00B12.00%
2017-09-30$3.58B10.17%
2016-09-30$3.25B9.44%
2015-09-30$2.97B-2.02%
2014-09-30$3.03B5.43%
2013-09-30$2.87B3.27%
2012-09-30$2.78B401.81%
2011-09-30$554.00M-81.43%
2010-09-30$2.98B-6.69%
2009-09-30$3.20B-8.39%
2008-09-30$3.49B3.13%
2007-09-30$3.38B-3.73%
2006-09-30$3.52B0.40%
2005-09-30$3.50B97.96%
2004-09-30$1.77B-47.60%
2003-11-30$3.38B2.61%
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

DateRevenueChange
2024-03-31$1.49B-14.53%
2023-12-31$1.75B10.21%
2023-09-30$1.59B1.41%
2023-06-30$1.56B11.79%
2023-03-31$1.40B-5.98%
2022-12-31$1.49B-0.60%
2022-09-30$1.50B4.54%
2022-06-30$1.43B4.07%
2022-03-31$1.38B-14.75%
2021-12-31$1.61B17.30%
2021-09-30$1.38B2.69%
2021-06-30$1.34B7.20%
2021-03-31$1.25B-6.37%
2020-12-31$1.33B18.56%
2020-09-30$1.13B11.49%
2020-06-30$1.01B-5.70%
2020-03-31$1.07B-14.73%
2019-12-31$1.26B11.74%
2019-09-30$1.12B6.24%
2019-06-30$1.06B-2.94%
2019-03-31$1.09B-9.39%
2018-12-31$1.20B15.78%
2018-09-30$1.04B8.46%
2018-06-30$958.00M-0.52%
2018-03-31$963.00M-7.85%
2017-12-31$1.04B13.96%
2017-09-30$917.00M-
2017-06-30$917.00M11.15%
2017-03-31$825.00M-10.03%
2016-12-31$917.00M9.04%
2016-09-30$841.00M3.70%
2016-06-30$811.00M8.86%
2016-03-31$745.00M-12.25%
2015-12-31$849.00M13.20%
2015-09-30$750.00M5.63%
2015-06-30$710.00M4.87%
2015-03-31$677.00M-18.34%
2014-12-31$829.00M7.52%
2014-09-30$771.00M-2.16%
2014-06-30$788.00M20.67%
2014-03-31$653.00M-19.88%
2013-12-31$815.00M6.68%
2013-09-30$764.00M15.23%
2013-06-30$663.00M-1.78%
2013-03-31$675.00M-12.22%
2012-12-31$769.00M6.95%
2012-09-30$719.00M9.94%
2012-06-30$654.00M4.14%
2012-03-31$628.00M-19.38%
2011-12-31$779.00M40.61%
2011-09-30$554.00M-19.24%
2011-06-30$686.00M0.59%
2011-03-31$682.00M-13.56%
2010-12-31$789.00M4.92%
2010-09-30$752.00M15.34%
2010-06-30$652.00M-1.51%
2010-03-31$662.00M-27.89%
2009-12-31$918.00M6.62%
2009-09-30$861.00M11.96%
2009-06-30$769.00M15.12%
2009-03-31$668.00M-23.92%
2008-12-31$878.00M2.81%
2008-09-30$854.00M0.71%
2008-06-30$848.00M6.00%
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/ServiceSep 23Sep 22Sep 21Sep 20Sep 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/ServiceMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 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

CountrySep 23Sep 22Sep 21Sep 20Sep 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

CountryMar 24Dec 23Mar 20Dec 19Jun 19Mar 19Dec 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


TickerCompanyLast Year RevenueLast Quarter Revenue
FWONAFormula One Group$22.75B$3.17B
BATRAFormula One Group$22.75B$282.88M
FOXFox$13.98B$3.45B
NWSNews$10.09B$2.42B
WMGWarner Music Group$6.04B$1.49B
SPHRSphere Entertainment$1.72B$321.33M
WWEWorld Wrestling Entertainment$1.29B$410.30M
MSGSMadison Square Garden Sports$1.03B$53.31M
MCSMarcus$729.58M$232.67M

WMG Revenue FAQ


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.

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).

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%.

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.

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.