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Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm’s revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner’s remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner’s voting rights, while holding a 72% economic interest.
2003
5.8K+
LTM Revenue $6.4B
LTM EBITDA $1.4B
$17.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Warner Music Group has a last 12-month revenue (LTM) of $6.4B and a last 12-month EBITDA of $1.4B.
In the most recent fiscal year, Warner Music Group achieved revenue of $6.4B and an EBITDA of $1.1B.
Warner Music Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Warner Music Group valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $6.4B | XXX | $6.4B | XXX | XXX | XXX |
| Gross Profit | $2.8B | XXX | $3.1B | XXX | XXX | XXX |
| Gross Margin | 44% | XXX | 48% | XXX | XXX | XXX |
| EBITDA | $1.4B | XXX | $1.1B | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 17% | XXX | XXX | XXX |
| EBIT | $925M | XXX | $968M | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $527M | XXX | $435M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $3.3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Warner Music Group's stock price is $26.
Warner Music Group has current market cap of $13.7B, and EV of $17.6B.
See Warner Music Group trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17.6B | $13.7B | XXX | XXX | XXX | XXX | $1.29 |
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Start Free TrialAs of May 30, 2025, Warner Music Group has market cap of $13.7B and EV of $17.6B.
Warner Music Group's trades at 2.7x EV/Revenue multiple, and 15.2x EV/EBITDA.
Equity research analysts estimate Warner Music Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Warner Music Group has a P/E ratio of 26.0x.
See valuation multiples for Warner Music Group and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $13.7B | XXX | $13.7B | XXX | XXX | XXX |
| EV (current) | $17.6B | XXX | $17.6B | XXX | XXX | XXX |
| EV/Revenue | 2.8x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 12.6x | XXX | 15.2x | XXX | XXX | XXX |
| EV/EBIT | 19.1x | XXX | 18.3x | XXX | XXX | XXX |
| EV/Gross Profit | 6.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 26.0x | XXX | 29.2x | XXX | XXX | XXX |
| EV/FCF | 27.5x | XXX | 35.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialWarner Music Group's last 12 month revenue growth is 4%
Warner Music Group's revenue per employee in the last FY averaged $1.1M, while opex per employee averaged $0.4M for the same period.
Warner Music Group's rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Warner Music Group's rule of X is 31% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Warner Music Group and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | 21% | XXX | 22% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 31% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 12% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 33% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Universal Music | XXX | XXX | XXX | XXX | XXX | XXX |
| Vinyl Group | XXX | XXX | XXX | XXX | XXX | XXX |
| GMM Grammy | XXX | XXX | XXX | XXX | XXX | XXX |
| RS Group Thailand | XXX | XXX | XXX | XXX | XXX | XXX |
| Saregama India | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Warner Music Group acquired XXX companies to date.
Last acquisition by Warner Music Group was XXXXXXXX, XXXXX XXXXX XXXXXX . Warner Music Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Warner Music Group founded? | Warner Music Group was founded in 2003. |
| Where is Warner Music Group headquartered? | Warner Music Group is headquartered in United States of America. |
| How many employees does Warner Music Group have? | As of today, Warner Music Group has 5.8K+ employees. |
| Who is the CEO of Warner Music Group? | Warner Music Group's CEO is Mr. Guy Moot. |
| Is Warner Music Group publicy listed? | Yes, Warner Music Group is a public company listed on NAS. |
| What is the stock symbol of Warner Music Group? | Warner Music Group trades under WMG ticker. |
| When did Warner Music Group go public? | Warner Music Group went public in 2020. |
| Who are competitors of Warner Music Group? | Similar companies to Warner Music Group include e.g. Universal Music, Vinyl Group, GMM Grammy, RS Group Thailand. |
| What is the current market cap of Warner Music Group? | Warner Music Group's current market cap is $13.7B |
| What is the current revenue of Warner Music Group? | Warner Music Group's last 12 months revenue is $6.4B. |
| What is the current revenue growth of Warner Music Group? | Warner Music Group revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Warner Music Group? | Current revenue multiple of Warner Music Group is 2.8x. |
| Is Warner Music Group profitable? | Yes, Warner Music Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Warner Music Group? | Warner Music Group's last 12 months EBITDA is $1.4B. |
| What is Warner Music Group's EBITDA margin? | Warner Music Group's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Warner Music Group? | Current EBITDA multiple of Warner Music Group is 12.6x. |
| What is the current FCF of Warner Music Group? | Warner Music Group's last 12 months FCF is $642M. |
| What is Warner Music Group's FCF margin? | Warner Music Group's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Warner Music Group? | Current FCF multiple of Warner Music Group is 27.5x. |
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