Warner Music (WMG) EBITDA (2010 - 2026)
Warner Music (WMG) posted quarterly 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% quarter-over-quarter from $288.0 million in Q4 2025.
Warner Music (WMG) EBITDA (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported EBITDA for 17 consecutive years, with $264.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA rose 57.14% year-over-year to $264.0 million; the TTM figure through Mar 2026 stood at $864.0 million (up 18.03% YoY), while the FY2025 annual figure was $694.0 million, down 15.67% from the prior year.
- EBITDA declined 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.
- Historically, EBITDA has averaged $196.1 million across 5 years, with a median of $169.0 million in 2025.
- Annual changes were most pronounced in 2022 — EBITDA jumped 63.0% — and 2024, when it plunged 39.55%.
- Warner Music's EBITDA stood at $265.0 million in 2022, then surged by 33.58% to $354.0 million in 2023, then slumped by 39.55% to $214.0 million in 2024, then surged by 34.58% to $288.0 million in 2025, then fell by 8.33% to $264.0 million in 2026.
- Business Quant data shows WMG's EBITDA at $264.0 million in Q1 2026, $288.0 million in Q4 2025, and $143.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 4.19 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | -8.91 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 237.00 Mn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 521.92 Mn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 1.02 Bn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 88.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 146.18 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 335.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 429.81 Mn |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn | 305.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 305.00 Mn |
| 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 |