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$31.01Last Dividend
$0.18Annual ROE
78.73%Beta
0.57Events Calendar
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Feb 07, 2025Recent quarterly earnings:
Nov 21, 2024Recent annual earnings:
Nov 21, 2024Next ex-dividend date:
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Nov 19, 2024Next split:
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This Industry Outlook article has pointed out Warner Music, News Corporation, Lions Gate, and IMAX.
Film and television production and distribution companies such as WMG, NWSA, LGF.A, and IMAX are doing well because more people are watching digital entertainment and there is an increase in advertising spending.
Warner Music Group's earnings report for the fourth quarter did not meet expectations, resulting in a notable decline in its stock price and raising worries about its standing in the music industry. Although the company reported good revenue growth and announced a $100 million share buyback, it faces challenges as competitors like Spotify and Live Nation attract more investor interest. Analysts are doubtful about WMG's capacity to improve growth through pricing strategies and new products, as the management's plans seem vague and unexciting.
On Thursday, Warner Music Group Corp (WMG) announced disappointing earnings for the fourth quarter of fiscal year 2024.
Warner Music Group Corp. (NASDAQ:WMG) will hold its Q4 2024 Earnings Conference Call on November 21, 2024, at 8:30 AM ET. The call will feature company representatives including Kareem Chin, Robert Kyncl, and Bryan Castellani, along with participants from various financial institutions. This call is to discuss the company's earnings for the period ending September 30, 2024.
Warner Music Group Corp. reported strong financial results for the fourth quarter and full year ending September 30, 2024, showing healthy growth in both recorded music and music publishing. Subscription streaming continued to grow, contributing to a 6% increase in total revenue for the year. CEO Robert Kyncl highlighted the company's ability to thrive in a dynamic market, with adjusted OIBDA rising 16% to $1.432 billion.
Jessica Reif Ehrlich, an analyst at BofA Securities, has changed her rating for Warner Music Group Corp (WMG) from Neutral to Underperform. She also reduced the price target from $33 to $30.
The Atlantic Music Group (AMG), which is part of Warner Music Group, has announced a new leadership team that emphasizes cultural influence and creative skills. Key changes include the promotions of Lanre Gaba and Erica Bellarosa, the hiring of Dave Rocco, and the advancement of Craig Kallman. This announcement was made on September 23, 2024, in New York.
Warner Music Group (WMG) announced that it will increase the number of layoffs as part of a revised restructuring strategy. This plan is designed to save money and enhance its main music activities.
In February, Warner Music, which represents artists like Dua Lipa and Teddy Swims, announced it would reduce its staff by 600 people, which is around 10% of its total workforce.
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