Warner Music (WMG) EBITDA (2010 - 2026)
Warner Music (WMG) recorded EBITDA of $418 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 57.1% from $266 million a year earlier and up 13.0% 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 $1.43 billion as of Jun 30, 2026, up 35.3% year-over-year; for FY2025 (ended Sep 30, 2025), it was $1.08 billion, down 6.8% from FY2024.
- Annual EBITDA has a five-year compound annual growth rate of 96.2% (FY2020 to FY2025).
- Across earlier fiscal years, EBITDA came in at $1.16 billion in FY2024 (+2.8%), $1.12 billion in FY2023 (+6.1%), $1.06 billion in FY2022 (+15.1%) and $920 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 13.1% over the last eight quarters.
- Peak year-over-year performance for EBITDA in the last five years was growth of 57.1% in fiscal Q3 2026, against a decline of 30.6% in fiscal Q1 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $370 million (Q2 2026), $388 million (Q1 2026) and $250 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 205.08 Bn | 182.84 Bn | 11.57 Bn | -7.50 Bn |
| 2 | Warner Music | 11.81 Bn | 9.17 Bn | 854.00 Mn | 418.00 Mn |
| 3 | Lionsgate Studios | 4.14 Bn | 2.83 Bn | - | 33.50 Mn |
| 4 | Reservoir Media | 697.24 Mn | 612.28 Mn | 32.16 Mn | 20.65 Mn |
| 5 | Angel Studios | 666.01 Mn | 471.69 Mn | 59.96 Mn | -14.89 Mn |
| 6 | Kartoon Studios | 33.31 Mn | 16.18 Mn | - | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - | - |
| 8 | Nexus Advanced Technologies | 1.03 Mn | -16.64 Mn | - | - |
| 9 | AI Era | 54,593.42 | -595,639.58 | - | 1.75 Mn |
| 10 | Sony | 161.80 Bn | 96.34 Bn | 7.96 Bn | 5.72 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();