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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 $6.5B
LTM EBITDA $1.4B
$18.7B
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 of $6.5B 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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $6.0B | $6.4B | XXX | XXX | XXX |
| Gross Profit | $2.8B | $2.9B | XXX | XXX | XXX |
| Gross Margin | 47% | 45% | XXX | XXX | XXX |
| EBITDA | $1.1B | $1.1B | XXX | XXX | XXX |
| EBITDA Margin | 18% | 17% | XXX | XXX | XXX |
| Net Profit | $551M | $430M | XXX | XXX | XXX |
| Net Margin | 9% | 7% | XXX | XXX | XXX |
| Net Debt | $3.1B | $3.3B | XXX | XXX | XXX |
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As of April 15, 2025, Warner Music Group's stock price is $29.
Warner Music Group has current market cap of $15.2B, and EV of $18.7B.
See Warner Music Group trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18.7B | $15.2B | XXX | XXX | XXX | XXX | $1.39 |
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Sign UpAs of April 15, 2025, Warner Music Group has market cap of $15.2B and EV of $18.7B.
Warner Music Group's trades at 2.9x LTM EV/Revenue multiple, and 12.9x LTM EBITDA.
Analysts estimate Warner Music Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Warner Music Group and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $18.7B | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 15.9x | XXX | XXX | XXX |
| P/E | 30.5x | XXX | XXX | XXX |
| P/E/Growth | 1.2x | XXX | XXX | XXX |
| EV/FCF | 36.1x | 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.
Sign UpWarner Music Group's NTM/LTM revenue growth is 4%
Warner Music Group's revenue per employee for the last fiscal year averaged $1.1M, while opex per employee averaged $0.4M for the same period.
Over next 12 months, Warner Music Group's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Warner Music Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Warner Music Group and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 22% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.4M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 12% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 15% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 33% | XXX | 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 |
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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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Sign Up| 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 $15.2B |
| What is the current revenue of Warner Music Group? | Warner Music Group's last 12-month revenue is $6.5B. |
| What is the current EBITDA of Warner Music Group? | Warner Music Group's last 12-month EBITDA is $1.4B. |
| What is the current EV/Revenue multiple of Warner Music Group? | Current revenue multiple of Warner Music Group is 2.9x. |
| What is the current EV/EBITDA multiple of Warner Music Group? | Current EBITDA multiple of Warner Music Group is 12.9x. |
| What is the current revenue growth of Warner Music Group? | Warner Music Group revenue growth between 2023 and 2024 was 6%. |
| Is Warner Music Group profitable? | Yes, Warner Music Group is EBITDA-positive (as of the last 12 months). |
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