Warner Music (WMG) EBITDA (2010 - 2026)
Warner Music's (WMG) quarterly EBITDA came in at $305.0 million in Q2 2026, up 80.47% year-over-year from $169.0 million in Q2 2025, and up 15.53% quarter-over-quarter from $264.0 million in Q1 2026.
Analysis
Warner Music (WMG) EBITDA (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported EBITDA for 17 consecutive years, with $305.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBITDA rose 80.47% year-over-year to $305.0 million in Q2 2026; TTM through Jun 2026 was $1.0 billion, a 44.09% increase from a year earlier, with the FY2025 full-year figure at $694.0 million, down 15.67% from the prior year.
- EBITDA was $305.0 million for Q2 2026 at Warner Music, up from $264.0 million in the prior quarter.
- Over five years, EBITDA peaked at $354.0 million in Q4 2023 and troughed at $119.0 million in Q1 2024.
- A 5-year average of $202.2 million and a median of $179.0 million in 2023 frame the typical range for EBITDA.
- Across the five-year window, EBITDA sank 39.55% in 2024 and surged 80.47% in 2026, its largest moves.
- Over 5 years, EBITDA stood at $265.0 million in 2022, then soared by 33.58% to $354.0 million in 2023, then slumped by 39.55% to $214.0 million in 2024, then soared by 34.58% to $288.0 million in 2025, then grew by 5.9% to $305.0 million in 2026.
- The last three EBITDA figures came in at $305.0 million (Q2 2026), $264.0 million (Q1 2026), and $288.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Music | 15.06 Bn | 14.57 Bn | 854.00 Mn | 305.00 Mn |
| 2 | Reservoir Media | 642.17 Mn | 628.93 Mn | 26.69 Mn | 13.88 Mn |
Historic Data
Download Data
Historic 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 |