NASDAQ · WMGCommunication ServicesAmusement & Recreation

Warner Music Group Corp. Class A Common Stock (WMG)

$32.55+4.56%
Close Nov 4, 2026 · split-adjusted
Nov 3, 2026$31.13▲ 1.01% in range
Nov 3, 2025Low $23.65 · High $34.72Nov 3, 2026
What changed · written from our data
As of Nov 4, 2026

Warner Music Group closed at $32.55 on Nov 4, up 4.56%, 6.2% below its 52-week closing high. Volume of 1.9M shares was 0.84× its 20-day average (close to normal).

Split-adjusted performance: +17.9% over one month, +7.2% over six months, +5.6% over one year.

In the quarter ended Jun 30, 2026, revenue was $1.86B, up 10.4% from a year earlier, with a net margin of 3.1%.

Short interest was 10.1M shares at the Oct 15 settlement (6.9% of float, 4.3 days to cover).

Market cap$17.03B523.1M shares
Revenue · quarter$1.86B+10.4% YoY
Diluted EPS$0.38—
P/E · TTM43.1×P/S 2.3×
Net margin3.1%Gross 45.8%
Dividend yield2.46%$0.2 last paid
52-week range23.65 – 34.72−6.3% from high
Volume1.9M0.84× 20-day avg
Volatility · 60d29.3%Annualised
Short % of float6.9%4.3 days to cover
Net cash-$4.13BCash $618.0M
Next earnings—Not scheduled
Split-adjusted performance
1W +10.0%1M +17.9%3M +23.1%6M +7.2%YTD +6.1%1Y +5.6%3Y +4.4%5Y −32.8%

Earnings reactions

History →

No reported quarters with price history yet.

Rank within Amusement & Recreation

Percentile among 35 companies (100 = best)

6-month momentum73
Revenue growth67
Net margin69
Value (low P/E)27
Size94

Industry medians: 6-month return −0.7%, revenue growth +6.9%, net margin −4.0%, P/E 37.3×.

Short interest

Details →
Shares short10.1M−0.4% vs prior
Days to cover4.3Settled Oct 15
% of float6.9%
Short vol. 10d36.7%of daily volume

Closest peers by size in Amusement & Recreation

CompanyPriceToday6MRev. growthNet marginP/EMkt cap
WMGWarner Music Group$32.55+4.56%+7.2%+10.4%3.1%43.1$17.03B
TKOTKO Group Holdings$193.48+3.35%+1.6%+18.2%6.6%61.6$14.15BCompare
DKNGDraftKings$23.11+5.38%−3.4%−4.6%−4.7%—$11.47BCompare
LTHLife Time Group Holdings$47.39+6.33%+41.1%+14.2%11.9%25.4$10.64BCompare
LYVLive Nation Entertainment$183.18+2.41%+9.2%+9.4%3.2%—$42.67BCompare
CHDNChurchill Downs$98.00+0.36%+6.2%+1.9%11.5%14.7$6.72BCompare
MTNVail Resorts$161.08+5.03%+27.5%+2.5%−68.4%39.0$5.75BCompare
PLNTPlanet Fitness$57.34+4.20%−10.4%+7.1%18.4%18.1$4.31BCompare
SPHRSphere Entertainment$108.85+3.62%−24.4%+11.0%−12.4%—$3.91BCompare

Quick answers

What does Warner Music Group do?
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.
What is WMG's market cap?
$17.03B, based on the Nov 4 close of $32.55.
What is WMG's P/E ratio?
43.1× trailing-twelve-month earnings of $395M.
Does Warner Music Group pay a dividend?
Yes. The latest regular dividend was $0.2 per share (ex-date Aug 20), an annualised yield of 2.46%.
How much of WMG is sold short?
10.1M shares, 6.9% of float, as of Oct 15, 2026.
What sector is WMG in?
Communication Services, in the Amusement & Recreation industry.

About Warner Music Group

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.

HQ: New York, NY5,500 employeesListed Jun 3, 2020wmg.com

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology