Warner Music (WMG) EV to EBITDA (2020 - 2026)
Warner Music's EV to EBITDA came in at 9.65 for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 26.0% from 13.03 a year earlier and down 3.9% from the prior quarter.
Powered by 
Analysis
Warner Music (WMG) EV to EBITDA (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Warner Music reported EV to EBITDA of 8.22, down 25.3% year-over-year; for FY2025 (ended Sep 30, 2025), it was 16.17, up 20.0% from FY2024.
- Going back by fiscal year, EV to EBITDA was 13.48 in FY2024 (-3.6%), 13.98 in FY2023 (+29.4%), 10.81 in FY2022 (-53.9%) and 23.46 in FY2021 (-94.7%).
- The fiscal Q3 2026 figure represents the lowest quarterly EV to EBITDA in data going back to fiscal Q4 2020.
- Year-over-year, EV to EBITDA has declined for three consecutive quarters, with an average decline of 5.4% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in fiscal Q4 2023 (growth of 29.4%), and the weakest in fiscal Q4 2021 (a decline of 94.7%).
- Business Quant data shows WMG's EV to EBITDA at 10.04 (Q2 2026), 13.20 (Q1 2026) and 16.17 (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Walt Disney | 182.51 Bn | 167.08 Bn | 11.57 Bn |
| 2 | Warner Music | 14.20 Bn | 11.69 Bn | 854.00 Mn |
| 3 | Lionsgate Studios | 3.27 Bn | 2.23 Bn | - |
| 4 | Angel Studios | 841.96 Mn | 647.45 Mn | 59.96 Mn |
| 5 | Reservoir Media | 629.64 Mn | 541.95 Mn | 26.69 Mn |
| 6 | Kartoon Studios | 35.46 Mn | 18.33 Mn | - |
| 7 | American Picture House | 5.69 Mn | 5.69 Mn | - |
| 8 | Nexus Advanced Technologies | 2.46 Mn | -16.15 Mn | - |
| 9 | AI Era | 696,201.70 | 45,968.70 | - |
| 10 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.65 |
| Mar 31, 2026 | 10.04 |
| Dec 31, 2025 | 13.20 |
| Sep 30, 2025 | 16.17 |
| Jun 30, 2025 | 13.03 |
| Mar 31, 2025 | 14.64 |
| Dec 31, 2024 | 15.08 |
| Sep 30, 2024 | 13.48 |
| Jun 30, 2024 | 12.69 |
| Mar 31, 2024 | 13.85 |
| Dec 31, 2023 | 14.80 |
| Sep 30, 2023 | 13.98 |
| Jun 30, 2023 | 11.97 |
| Mar 31, 2023 | 16.08 |
| Dec 31, 2022 | 16.02 |
| Sep 30, 2022 | 10.81 |
| Jun 30, 2022 | 12.37 |
| Mar 31, 2022 | 19.21 |
| Dec 31, 2021 | 22.95 |
| Sep 30, 2021 | 23.46 |
API Access
Warner Music EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "WMG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();