Warner Music (WMG) Change in Intangibles (2010 - 2026)
Warner Music's Change in Intangibles was $48 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 50.0% from $32 million a year earlier but down 88.8% from the prior quarter.
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Analysis
Warner Music (WMG) Change in Intangibles (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Warner Music's Change in Intangibles was $548 million through Jun 30, 2026, up 153.7% year-over-year; for FY2025 (ended Sep 30, 2025), it came in at $195 million, up 4.3% from FY2024.
- Change in Intangibles shows a three-year compound annual growth rate of 0.7% (FY2022 to FY2025).
- In earlier fiscal years, Change in Intangibles was $187 million in FY2024 (+64.0%), $114 million in FY2023 (-40.3%) and $191 million in FY2022.
- Quarterly Change in Intangibles has moved between $4 million (fiscal Q2 2022) and $427 million (fiscal Q2 2026) over five years.
- Compared with a year earlier, Change in Intangibles was higher in four of the last eight quarters, with growth averaging 78.4%.
- The best year-over-year quarter for Change in Intangibles over five years was fiscal Q2 2026 (growth of 440.5%); the worst was fiscal Q3 2022 (a decline of 93.2%).
- Per Business Quant data, WMG's Change in Intangibles in the three fiscal quarters before Q3 2026 was $427 million (Q2 2026), $30 million (Q1 2026) and $43 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Intangibless (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 176.43 Bn | 161.00 Bn | 11.57 Bn | - |
| 2 | Warner Music | 14.03 Bn | 11.52 Bn | 854.00 Mn | 48.00 Mn |
| 3 | Lionsgate Studios | 3.32 Bn | 2.28 Bn | - | - |
| 4 | Angel Studios | 753.52 Mn | 559.02 Mn | 59.96 Mn | 2.90 Mn |
| 5 | Reservoir Media | 627.66 Mn | 539.97 Mn | 26.69 Mn | 14.67 Mn |
| 6 | Kartoon Studios | 34.83 Mn | 17.70 Mn | - | - |
| 7 | American Picture House | 7.96 Mn | 7.96 Mn | - | - |
| 8 | Nexus Advanced Technologies | 1.88 Mn | -16.73 Mn | - | - |
| 9 | AI Era | 348,100.85 | -302,132.15 | - | - |
| 10 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 48.00 Mn |
| Mar 31, 2026 | 427.00 Mn |
| Dec 31, 2025 | 30.00 Mn |
| Sep 30, 2025 | 43.00 Mn |
| Jun 30, 2025 | 32.00 Mn |
| Mar 31, 2025 | 79.00 Mn |
| Dec 31, 2024 | 41.00 Mn |
| Sep 30, 2024 | 64.00 Mn |
| Jun 30, 2024 | 41.00 Mn |
| Mar 31, 2024 | 23.00 Mn |
| Dec 31, 2023 | 59.00 Mn |
| Sep 30, 2023 | 61.00 Mn |
| Jun 30, 2023 | 11.00 Mn |
| Mar 31, 2023 | 9.00 Mn |
| Dec 31, 2022 | 33.00 Mn |
| Sep 30, 2022 | 13.00 Mn |
| Jun 30, 2022 | 9.00 Mn |
| Mar 31, 2022 | 4.00 Mn |
| Dec 31, 2021 | 165.00 Mn |
| Jun 30, 2021 | 132.00 Mn |
API Access
Warner Music Change in Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-intangibles", "ticker": "WMG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();