Warner Music (WMG) EBITDA (2010 - 2026)
Warner Music (WMG) reported EBITDA of $264.0 million for Q1 2026, up 57.14% year-over-year from $168.0 million in Q1 2025, and down 8.33% on a QoQ basis from $288.0 million in Q4 2025.
Warner Music (WMG) has 17 years of EBITDA data on file, last reported at $264.0 million in Q1 2026.
- Quarterly EBITDA rose 57.14% year-over-year to $264.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $864.0 million (up 18.03% YoY) and the FY2025 annual result came in at $694.0 million, down 15.67% from the prior year.
- EBITDA slipped to $264.0 million in Q1 2026 per WMG's latest filing, from $288.0 million in the prior quarter.
- Across five years, EBITDA topped out at $354.0 million in Q4 2023 and bottomed at $119.0 million in Q1 2024.
- The 5-year median for EBITDA is $169.0 million (2025), against an average of $196.1 million.
- The widest annual swing landed in 2022, when EBITDA surged 63.0%; it then slumped 39.55% in 2024.
- Tracing WMG's EBITDA over 5 years: stood at $265.0 million in 2022, then surged by 33.58% to $354.0 million in 2023, then tumbled by 39.55% to $214.0 million in 2024, then surged by 34.58% to $288.0 million in 2025, then slipped by 8.33% to $264.0 million in 2026.
- Per Business Quant, the three latest WMG EBITDA figures stand at $264.0 million (Q1 2026), $288.0 million (Q4 2025), and $143.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 3.96 Bn |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 2.31 Bn |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | -2.47 Bn |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | -270.95 Mn |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 236.00 Mn |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 64.00 Mn |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 51.77 Mn |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 189.00 Mn |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 361.28 Mn |
| 10 | Warner Music | 4.58 Bn | 3.94 Bn | 802.00 Mn | 264.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 264.00 Mn |
| Dec 31, 2025 | 288.00 Mn |
| Sep 30, 2025 | 143.00 Mn |
| Jun 30, 2025 | 169.00 Mn |
| Mar 31, 2025 | 168.00 Mn |
| Dec 31, 2024 | 214.00 Mn |
| Sep 30, 2024 | 143.00 Mn |
| Jun 30, 2024 | 207.00 Mn |
| Mar 31, 2024 | 119.00 Mn |
| Dec 31, 2023 | 354.00 Mn |
| Sep 30, 2023 | 212.00 Mn |
| Jun 30, 2023 | 189.00 Mn |
| Mar 31, 2023 | 124.00 Mn |
| Dec 31, 2022 | 265.00 Mn |
| Sep 30, 2022 | 163.00 Mn |
| Jun 30, 2022 | 146.00 Mn |
| Mar 31, 2022 | 166.00 Mn |
| Dec 31, 2021 | 239.00 Mn |
| Sep 30, 2021 | 100.00 Mn |
| Jun 30, 2021 | 162.00 Mn |
| Mar 31, 2021 | 151.00 Mn |
| Dec 31, 2020 | 196.00 Mn |
| Sep 30, 2020 | 88.00 Mn |
| Jun 30, 2020 | -433.00 Mn |
| Mar 31, 2020 | -49.00 Mn |
| Dec 31, 2019 | 165.00 Mn |
| Sep 30, 2019 | 29.00 Mn |
| Jun 30, 2019 | 58.00 Mn |
| Mar 31, 2019 | 136.00 Mn |
| Dec 31, 2018 | 161.00 Mn |
| Sep 30, 2018 | 30.00 Mn |
| Jun 30, 2018 | 43.00 Mn |
| Mar 31, 2018 | 97.00 Mn |
| Dec 31, 2017 | 102.00 Mn |
| Sep 30, 2017 | 11.00 Mn |
| Jun 30, 2017 | 64.00 Mn |
| Mar 31, 2017 | 91.00 Mn |
| Dec 31, 2016 | 106.00 Mn |
| Sep 30, 2016 | 68.00 Mn |
| Jun 30, 2016 | 57.00 Mn |
| Mar 31, 2016 | 64.00 Mn |
| Dec 31, 2015 | 75.00 Mn |
| Sep 30, 2015 | 49.00 Mn |
| Jun 30, 2015 | 37.00 Mn |
| Mar 31, 2015 | 58.00 Mn |
| Dec 31, 2014 | 37.00 Mn |
| Sep 30, 2014 | 40.00 Mn |
| Jun 30, 2014 | -1.00 Mn |
| Mar 31, 2014 | 8.00 Mn |
| Dec 31, 2013 | 27.00 Mn |
| Sep 30, 2013 | -41.00 Mn |
| Jun 30, 2013 | 8.00 Mn |
| Mar 31, 2013 | 57.00 Mn |
| Dec 31, 2012 | 51.00 Mn |
| Sep 30, 2012 | 41.00 Mn |
| Jun 30, 2012 | 7.00 Mn |
| Mar 31, 2012 | 22.00 Mn |
| Dec 31, 2011 | 39.00 Mn |
| Jun 30, 2011 | 10.00 Mn |
| Mar 31, 2011 | 16.00 Mn |
| Dec 31, 2010 | 27.00 Mn |
| Sep 30, 2010 | 20.00 Mn |
| Jun 30, 2010 | -1.00 Mn |