Warner Music Group Valuation Multiples

Warner Music Group Overview

About Warner Music Group

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.

Founded

2003

HQ

Employees

5.5K

Website

wmg.com

Sectors

MusicContent Production

Financials (LTM)

Revenue: $7B

EBITDA: $2B

EV

$19B

Valuation Multiples

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Warner Music Group Financials

Warner Music Group reported last 12-month revenue of $7B and EBITDA of $2B.

In the same LTM period, Warner Music Group generated $3B in gross profit, $2B in EBITDA, and $517M in net income.

Warner Music Group P&L

In the most recent fiscal year, Warner Music Group reported revenue of $7B and EBITDA of $1B.

Warner Music Group expects next 12-month revenue of XXX and NTM EBITDA of XXX

Warner Music Group Stock Performance

Warner Music Group has current market cap of $15B, and enterprise value of $19B.

Warner Music Group's stock price is $28.29.

Warner Music Group Valuation Multiples

Warner Music Group trades at 2.7x EV/Revenue multiple, and 12.0x EV/EBITDA.

Warner Music Group Financial Valuation Multiples

As of March 20, 2026, Warner Music Group has market cap of $15B and EV of $19B.

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 28.6x.

Warner Music Group Margins & Growth Rates

Warner Music Group's revenue in the last 12 month grew by 6%.

Warner Music Group's revenue per employee in the last FY averaged $1.3M.

Warner Music Group's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Warner Music Group's rule of X is 38% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Warner Music Group Public Comps

See public comps and valuation multiples for other Music and Content Production comps.

Warner Music Group M&A Activity

Warner Music Group acquired XXX companies to date.

Last acquisition by Warner Music Group was on XXXXXXXX, XXXXX. Warner Music Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Warner Music Group Investment Activity

Warner Music Group invested in XXX companies to date.

Warner Music Group made its latest investment on XXXXXXXX, XXXXX. Warner Music Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).