Warner Music (WMG) Capital Expenditures (2010 - 2026)
Warner Music (WMG) posted quarterly Capital Expenditures of -$28.0 million for Q1 2026, down 137.33% year-over-year from $75.0 million in Q1 2025, and down 240.0% quarter-over-quarter from $20.0 million in Q4 2025.
Warner Music (WMG) Capital Expenditures (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported Capital Expenditures for 17 consecutive years, with -$28.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Capital Expenditures fell 137.33% year-over-year to -$28.0 million; the TTM figure through Mar 2026 stood at $59.0 million (down 18.06% YoY), while the FY2025 annual figure was $139.0 million, up 63.53% from the prior year.
- Capital Expenditures fell to -$28.0 million in Q1 2026 per WMG's latest filing, from $20.0 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $75.0 million in Q1 2025 and bottomed at -$28.0 million in Q1 2026.
- Historically, Capital Expenditures has averaged $26.1 million across 5 years, with a median of $29.0 million in 2023.
- Annual changes were most pronounced in 2025 — Capital Expenditures surged 2050.0% — and 2026, when it slumped 137.33%.
- Warner Music's Capital Expenditures stood at $3.0 million in 2022, then jumped by 866.67% to $29.0 million in 2023, then plunged by 110.34% to -$3.0 million in 2024, then soared by 766.67% to $20.0 million in 2025, then slumped by 240.0% to -$28.0 million in 2026.
- Business Quant data shows WMG's Capital Expenditures at -$28.0 million in Q1 2026, $20.0 million in Q4 2025, and $28.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 218.64 Mn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 1.79 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 276.00 Mn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 289.52 Mn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 141.00 Mn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | -11.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 11.65 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 146.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 45.59 Mn |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn | 28.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 28.00 Mn |
| Jun 30, 2026 | 28.00 Mn |
| Mar 31, 2026 | -28.00 Mn |
| Mar 31, 2026 | -28.00 Mn |
| Dec 31, 2025 | 20.00 Mn |
| Dec 31, 2025 | 20.00 Mn |
| Sep 30, 2025 | 28.00 Mn |
| Sep 30, 2025 | 28.00 Mn |
| Jun 30, 2025 | 39.00 Mn |
| Jun 30, 2025 | 39.00 Mn |
| Mar 31, 2025 | 75.00 Mn |
| Mar 31, 2025 | 75.00 Mn |
| Dec 31, 2024 | -3.00 Mn |
| Dec 31, 2024 | -3.00 Mn |
| Sep 30, 2024 | 2.00 Mn |
| Sep 30, 2024 | 2.00 Mn |
| Jun 30, 2024 | -2.00 Mn |
| Jun 30, 2024 | -2.00 Mn |
| Mar 31, 2024 | 56.00 Mn |
| Mar 31, 2024 | 56.00 Mn |