Warner Music (WMG) EV to EBITDA (2020 - 2026)
Warner Music's (WMG) quarterly EV to EBITDA came in at 44.84 in Q2 2026, down 44.58% year-over-year from 80.9 in Q2 2025, and down 6.9% quarter-over-quarter from 48.16 in Q1 2026.
Analysis
Warner Music (WMG) EV to EBITDA (2020 - 2026) Analysis & Trends
Warner Music (WMG) has reported EV to EBITDA for 7 consecutive years, with 44.84 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 44.58% year-over-year to 44.84 in Q2 2026; TTM through Jun 2026 was 13.68, a 30.58% decrease from a year earlier, with the FY2025 full-year figure at 24.94, up 32.37% from the prior year.
- EV to EBITDA was 44.84 for Q2 2026 at Warner Music, down from 48.16 in the prior quarter.
- Over five years, EV to EBITDA peaked at 140.05 in Q1 2024 and troughed at 44.84 in Q2 2026.
- A 5-year average of 83.14 and a median of 74.23 in 2023 frame the typical range for EV to EBITDA.
- Across the five-year window, EV to EBITDA tumbled 67.47% in 2022 and surged 46.55% in 2024, its largest moves.
- Over 5 years, EV to EBITDA stood at 65.4 in 2022, then fell by 22.75% to 50.52 in 2023, then soared by 41.6% to 71.53 in 2024, then fell by 25.89% to 53.01 in 2025, then fell by 15.42% to 44.84 in 2026.
- The last three EV to EBITDA figures came in at 44.84 (Q2 2026), 48.16 (Q1 2026), and 53.01 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Warner Music | 10.57 Bn | 9.95 Bn | 854.00 Mn |
| 2 | Reservoir Media | 580.60 Mn | 566.94 Mn | 26.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.84 |
| Mar 31, 2026 | 48.16 |
| Dec 31, 2025 | 53.01 |
| Sep 30, 2025 | 121.02 |
| Jun 30, 2025 | 80.90 |
| Mar 31, 2025 | 93.30 |
| Dec 31, 2024 | 71.53 |
| Sep 30, 2024 | 108.42 |
| Jun 30, 2024 | 74.48 |
| Mar 31, 2024 | 140.05 |
| Dec 31, 2023 | 50.52 |
| Sep 30, 2023 | 73.98 |
| Jun 30, 2023 | 68.15 |
| Mar 31, 2023 | 134.12 |
| Dec 31, 2022 | 65.40 |
| Sep 30, 2022 | 69.81 |
| Jun 30, 2022 | 83.65 |
| Mar 31, 2022 | 115.17 |
| Dec 31, 2021 | 92.95 |
| Sep 30, 2021 | 214.62 |