Warner Music (WMG) EBT (2010 - 2026)
Warner Music (WMG) posted quarterly EBT of $254.0 million for Q1 2026, up 290.77% year-over-year from $65.0 million in Q1 2025, and up 3.25% quarter-over-quarter from $246.0 million in Q4 2025.
Warner Music (WMG) EBT (2010 - 2026) Analysis & Trends
Warner Music (WMG) has reported EBT for 17 consecutive years, with $254.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT rose 290.77% year-over-year to $254.0 million; the TTM figure through Mar 2026 stood at $595.0 million (down 3.57% YoY), while the FY2025 annual figure was $490.0 million, down 18.47% from the prior year.
- EBT advanced to $254.0 million in Q1 2026 per WMG's latest filing, from $246.0 million in the prior quarter.
- Across five years, EBT topped out at $330.0 million in Q4 2024 and bottomed at -$11.0 million in Q2 2025.
- Historically, EBT has averaged $157.5 million across 5 years, with a median of $167.0 million in 2023.
- Annual changes were most pronounced in 2025 — EBT plunged 106.43% — and 2026, when it surged 290.77%.
- Warner Music's EBT stood at $172.0 million in 2022, then jumped by 54.07% to $265.0 million in 2023, then rose by 24.53% to $330.0 million in 2024, then decreased by 25.45% to $246.0 million in 2025, then advanced by 3.25% to $254.0 million in 2026.
- Business Quant data shows WMG's EBT at $254.0 million in Q1 2026, $246.0 million in Q4 2025, and $106.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 4.07 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 3.65 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | -271.00 Mn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 518.60 Mn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 921.00 Mn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 33.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 169.39 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 278.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 361.61 Mn |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn | 267.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 267.00 Mn |
| Mar 31, 2026 | 254.00 Mn |
| Dec 31, 2025 | 246.00 Mn |
| Sep 30, 2025 | 106.00 Mn |
| Jun 30, 2025 | -11.00 Mn |
| Mar 31, 2025 | 65.00 Mn |
| Dec 31, 2024 | 330.00 Mn |
| Sep 30, 2024 | 51.00 Mn |
| Jun 30, 2024 | 171.00 Mn |
| Mar 31, 2024 | 114.00 Mn |
| Dec 31, 2023 | 265.00 Mn |
| Sep 30, 2023 | 212.00 Mn |
| Jun 30, 2023 | 167.00 Mn |
| Mar 31, 2023 | 58.00 Mn |
| Dec 31, 2022 | 172.00 Mn |
| Sep 30, 2022 | 187.00 Mn |
| Jun 30, 2022 | 164.00 Mn |
| Mar 31, 2022 | 126.00 Mn |
| Dec 31, 2021 | 263.00 Mn |
| Sep 30, 2021 | 52.00 Mn |