Warner Music (WMG) EBITDA (2010 - 2026)
Warner Music (WMG) recorded EBITDA of $416 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 57.0% from $265 million a year earlier and up 13.4% from the prior quarter.
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Analysis
Warner Music (WMG) EBITDA (2010 - 2026) Analysis & Trends
On a TTM basis, Warner Music's EBITDA came in at $1.42 billion as of Jun 30, 2026, up 35.1% year-over-year; for FY2025 (ended Sep 30, 2025), it was $1.07 billion, down 7.0% from FY2024.
- Annual EBITDA has a five-year compound annual growth rate of 101.8% (FY2020 to FY2025).
- Across earlier fiscal years, EBITDA came in at $1.15 billion in FY2024 (+2.5%), $1.12 billion in FY2023 (+6.6%), $1.05 billion in FY2022 (+15.1%) and $915 million in FY2021.
- The fiscal Q3 2026 figure is the highest quarterly EBITDA since fiscal Q1 2024.
- On a year-over-year basis, EBITDA has increased for four consecutive quarters, with growth averaging 13.0% over the last eight quarters.
- Peak year-over-year performance for EBITDA in the last five years was growth of 57.0% in fiscal Q3 2026, against a decline of 31.0% in fiscal Q1 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $367 million (Q2 2026), $387 million (Q1 2026) and $247 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 190.36 Bn | 168.12 Bn | 11.57 Bn | -7.50 Bn |
| 2 | Warner Music | 11.67 Bn | 9.02 Bn | 854.00 Mn | 418.00 Mn |
| 3 | Lionsgate Studios | 3.09 Bn | 1.94 Bn | - | 30.00 Mn |
| 4 | Angel Studios | 648.51 Mn | 454.19 Mn | 59.96 Mn | -14.89 Mn |
| 5 | Reservoir Media | 628.60 Mn | 540.48 Mn | 26.69 Mn | 13.88 Mn |
| 6 | Kartoon Studios | 32.82 Mn | 15.69 Mn | - | - |
| 7 | American Picture House | 6.83 Mn | 6.83 Mn | - | - |
| 8 | Nexus Advanced Technologies | 984,996.19 | -16.68 Mn | - | - |
| 9 | AI Era | 136,483.55 | -513,749.45 | - | 1.75 Mn |
| 10 | Sony | 148.11 Bn | 85.38 Bn | 6.53 Bn | 4.56 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 418.00 Mn |
| Mar 31, 2026 | 370.00 Mn |
| Dec 31, 2025 | 388.00 Mn |
| Sep 30, 2025 | 250.00 Mn |
| Jun 30, 2025 | 266.00 Mn |
| Mar 31, 2025 | 259.00 Mn |
| Dec 31, 2024 | 302.00 Mn |
| Sep 30, 2024 | 227.00 Mn |
| Jun 30, 2024 | 290.00 Mn |
| Mar 31, 2024 | 204.00 Mn |
| Dec 31, 2023 | 435.00 Mn |
| Sep 30, 2023 | 291.00 Mn |
| Jun 30, 2023 | 274.00 Mn |
| Mar 31, 2023 | 208.00 Mn |
| Dec 31, 2022 | 351.00 Mn |
| Sep 30, 2022 | 247.00 Mn |
| Jun 30, 2022 | 234.00 Mn |
| Mar 31, 2022 | 257.00 Mn |
| Dec 31, 2021 | 321.00 Mn |
| Sep 30, 2021 | 181.00 Mn |
API Access
Warner Music EBITDA 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=ebitda&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();