Warner Music Group Corp. - Class A Common Stock (WMG)
33.37
+0.65 (1.99%)
Warner Music Group Corp is a leading global music entertainment company that specializes in the recorded music industry, music publishing, and artist services
With a diverse roster of renowned artists and songwriters, the company is involved in the production, distribution, and promotion of music across various platforms and formats. Additionally, Warner Music Group provides innovative tools and resources for artists to connect with their audiences, enhances the music experience through digital technologies, and engages in licensing and merchandising opportunities. It plays a significant role in shaping the music landscape by fostering creativity and delivering high-quality content to fans worldwide.
Global music entertainment company Warner Music Group (NASDAQWMG) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 4.7% year on year to $1.67 billion. Its GAAP profit of $0.45 per share was 34% above analysts’ consensus estimates.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Disney (NYSEDIS) and the rest of the media stocks fared in Q3.
Since July 2024, Warner Music Group has been in a holding pattern, posting a small loss of 4.4% while floating around $30.31. The stock also fell short of the S&P 500’s 6.6% gain during that period.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the media industry, including The New York Times (NYSENYT) and its peers.
Shares of global music entertainment company Warner Music Group (NASDAQWMG) fell 10.2% in the afternoon session after the company reported weak third-quarter earnings, which missed analysts' EPS estimates significantly. Its Sales in the Recorded Music business also fell short of Wall Street's estimates. Overall, this was a softer quarter.
Shares of global music entertainment company Warner Music Group (NASDAQWMG) fell 10.2% in the afternoon session after the company reported weak third-quarter earnings, which missed analysts' EPS estimates significantly. Its Sales in the Recorded Music business also fell short of Wall Street's estimates. Overall, this was a softer quarter.
Global music entertainment company Warner Music Group (NASDAQWMG) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 2.8% year on year to $1.63 billion. Its GAAP profit of $0.08 per share was 71.1% below analysts’ consensus estimates.
