Warner Music Group (WMG) Revenue & Revenue Breakdown

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Warner Music Group Revenue Highlights

Latest Revenue (Y)

$6.43B

Latest Revenue (Q)

$1.67B

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
2024-09-30	$6.43B	6.44%
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 $6.43B in revenue during NA 2024, up 6.44% compared to the previous quarter, and up 143.60% compared to the same period a year ago.

Warner Music Group Revenue by Quarter

Date	Revenue	Change
2024-12-31	$1.67B	2.21%
2024-09-30	$1.63B	4.89%
2024-06-30	$1.55B	4.02%
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 $1.67B in revenue during Q1 2025, up 2.21% compared to the previous quarter, and up 105.04% 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 24	Sep 23	Sep 22	Sep 21	Sep 20
Music Publishing	$1.21B	$1.09B	$958.00M	$761.00M	$657.00M
Recorded Music	$5.22B	$4.96B	$4.97B	$4.54B	$3.81B

Warner Music Group's latest annual revenue breakdown by segment (product or service), as of Sep 24: Recorded Music (81.19%), and Music Publishing (18.81%).

Quarterly Revenue by Product

Product/Service	Dec 24	Sep 24	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
Recorded Music	$1.34B	$2.59B	$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
Music Publishing	$323.00M	$600.00M	$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

Warner Music Group's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Recorded Music (80.64%), and Music Publishing (19.36%).

Warner Music Group Revenue Breakdown by Country

Annual Revenue by Country

Country	Sep 24	Sep 23	Sep 22	Sep 21	Sep 20
GERMANY	$513.00M	$535.00M	$613.00M	$662.00M	-
All Other Countries	$2.27B	$2.01B	$1.83B	$1.66B	-
UNITED STATES	$2.87B	$2.77B	$2.74B	$2.36B	$1.93B

Warner Music Group's latest annual revenue breakdown by geography, as of Sep 24: UNITED STATES (50.78%), All Other Countries (40.15%), and GERMANY (9.08%).

Quarterly Revenue by Country

Country	Dec 24	Mar 24	Dec 23	Mar 20	Dec 19	Jun 19	Mar 19	Dec 18
Non-US	$963.00M	$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 Dec 24: Non-US (100.00%).

Warner Music Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FWONK	Formula One Group	$23.16B	$911.00M
FOX	Fox	$13.98B	$5.08B
NWSA	News	$10.09B	$2.24B
WMG	Warner Music Group	$6.43B	$1.67B
SPHR	Sphere Entertainment	$1.72B	$321.33M
MSGS	Madison Square Garden Sports	$1.03B	$357.76M
MCS	Marcus	$735.56M	$232.67M
BATRA	Atlanta Braves	$662.75M	$290.67M

WMG Revenue FAQ

What is Warner Music Group’s yearly revenue?

Warner Music Group's yearly revenue for 2024 was $6.43B, representing an increase of 6.44% compared to 2023. The company's yearly revenue for 2023 was $6.04B, representing an increase of 1.99% compared to 2022. WMG's yearly revenue for 2022 was $5.92B, representing an increase of 11.66% compared to 2021.

What is Warner Music Group’s quarterly revenue?

Warner Music Group's quarterly revenue for Q1 2025 was $1.67B, a 2.21% increase from the previous quarter (Q4 2024), and a -4.69% decrease year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $1.63B, a 4.89% increase from the previous quarter (Q3 2024), and a 2.77% increase year-over-year (Q4 2023). WMG's quarterly revenue for Q3 2024 was $1.55B, a 4.02% increase from the previous quarter (Q2 2024), and a -0.64% decrease year-over-year (Q3 2023).

What is Warner Music Group’s revenue growth rate?

Warner Music Group's revenue growth rate for the last 3 years (2022-2024) was 8.57%, and for the last 5 years (2020-2024) was 43.98%.

What are Warner Music Group’s revenue streams?

Warner Music Group's revenue streams in p 24 are Music Publishing, and Recorded Music. Music Publishing generated $1.21B in revenue, accounting 18.81% of the company's total revenue, up 11.21% year-over-year. Recorded Music generated $5.22B in revenue, accounting 81.19% of the company's total revenue, up 5.41% year-over-year.

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

For the fiscal year ending Sep 24, the largest source of revenue of Warner Music Group was Recorded Music. This segment made a revenue of $5.22B, representing 81.19% of the company's total revenue.