The earnings call highlighted strong growth in key areas such as subscription streaming, Grammy wins, and strategic acquisitions, despite facing challenges with foreign exchange headwinds, declines in ad-supported streaming, and other revenue pressures.

Company Guidance

During Warner Music Group's fiscal first quarter earnings call for 2025, the company reported significant growth metrics despite facing macroeconomic challenges. Total company revenue and adjusted OIBDA both increased by 41%, with recorded music revenue rising by 4% and music publishing revenue growing by 7%. Subscription streaming within recorded music saw a 7% growth, although this marked a deceleration from the previous year's double-digit growth due to lapping DSP price increases. Despite currency headwinds contributing to a 200 basis point impact on adjusted OIBDA margin, the company's strategy to increase market share, enhance music value, and improve efficiency remains strong. Noteworthy achievements include Warner Music's artists winning multiple Grammy Awards and expansion through strategic acquisitions like Tempo Music, expected to drive future growth and operational efficiency.

Record-Breaking Grammy Wins

Artists and songwriters from Warner Music Group won multiple Grammy Awards, including Charli XCX winning her first three, Bruno Mars winning his 16th, and Amy Allen winning the Songwriter of the Year award.

Strong Revenue and OIBDA Growth

Total company revenue and adjusted OIBDA grew by 41% each, driven by strong performance across recorded music and music publishing.

Subscription Streaming Growth

Subscription streaming revenue grew by 7%, showing resilience despite expected deceleration from last year’s double-digit growth.

Acquisition of Tempo Music

Warner Music Group acquired a controlling interest in Tempo Music, providing access to high-quality music rights and robust margins, expected to be accretive over time.

New Deals with Spotify and Amazon

Renewed agreements with Spotify and Amazon aim to expand the music ecosystem and increase the value of music.

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Warner Music Group (WMG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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WMG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2025	2025 (Q2)	0.28 / -	0.351	―	―	―
Feb 06, 2025	2025 (Q1)	0.34 / 0.52	0.33	57.27% (+0.19)
Nov 21, 2024	2024 (Q4)	0.29 / 0.42	0.29	45.86% (+0.13)
Aug 07, 2024	2024 (Q3)	0.27 / 0.29	0.272	6.25% (+0.02)
May 09, 2024	2024 (Q2)	0.21 / 0.35	0.06	485.00% (+0.29)
Feb 07, 2024	2024 (Q1)	0.43 / 0.33	0.204	61.76% (+0.13)
Nov 16, 2023	2023 (Q4)	0.26 / 0.29	0.318	-8.81% (-0.03)
Aug 08, 2023	2023 (Q3)	0.20 / 0.27	0.271	0.37% (<+0.01)
May 09, 2023	2023 (Q2)	0.18 / 0.06	0.184	-67.39% (-0.12)
Feb 09, 2023	2023 (Q1)	0.26 / 0.20	0.427	-52.22% (-0.22)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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WMG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 06, 2025	$32.10	$31.75	-1.09%
Nov 21, 2024	$33.67	$31.18	-7.40%
Aug 07, 2024	$27.79	$28.32	+1.91%
May 09, 2024	$35.05	$32.02	-8.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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