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Mar 31
WMG Q2 2025 Earnings Report
Results for Fiscal Second Quarter Ended March 31, 2025
Key Takeaways
Warner Music Group reported a 1% decrease in total revenue (or 1% increase in constant currency) for the fiscal second quarter ended March 31, 2025. Net income decreased significantly by 63% to $36 million, while operating income saw a strong increase of 41% to $168 million. Adjusted OIBDA decreased 3% to $303 million.
Total revenue decreased 1% to $1,484 million.
Net income decreased 63% to $36 million.
Operating income increased 41% to $168 million.
Adjusted OIBDA decreased 3% to $303 million.
WMG
WMG
WMG Revenue by Segment
WMG Revenue by Geographic Location
Revenue by Segment
Recorded Music Revenue
CapyFin.comMusic Publishing Revenue
CapyFin.comRevenue by Geographic Location
U.S. Recorded Music Revenue
CapyFin.comU.S. Music Publishing Revenue
CapyFin.comInt’l Recorded Music Revenue
CapyFin.comInt’l Music Publishing Revenue
CapyFin.com Forward Guidance
The company expects its strategy to drive lasting value for artists and songwriters, and sustained growth and profitability for shareholders.
Positive Outlook
- Strongest chart presence in two years.
- Expanding new release market share in the US.
- Cost savings plans on track.
- Reinvestment initiatives accelerating.
- Expect to deliver lasting value for artists and songwriters.
Challenges Ahead
- Results partially obscured by challenging comparisons with last year’s outperformance.
- Lighter release slate in Recorded Music.
- Market share loss in China in Recorded Music.
- Soft overall ad environment impacting ad-supported revenue.
- Decreased artist services and expanded-rights revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income