$WMG

Warner Music Group (WMG) shares rose 1.8% to $26.46 after Q3 results. According to the company, Q3 revenue was $1,864m (up from $1,689m), net income was $204m versus a prior-year loss, and trailing net margin increased to 9.2% from 4.5%. Adjusted OIBDA and operating cash flow improved, with management reiterating a 50% to 60% cash conversion target.

Warner Music Group Corp. (WMG) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 q32026ex991.htm EX-99.1 Document WARNER MUSIC GROUP CORP. REPORTS RESULTS FOR FISCAL THIRD QUARTER ENDED JUNE 30, 2026 Financial Highlights • Robust Revenue Growth Underpinned by Strong Operating Performance across Recorded Music and Music Publishing • Double-Digit Reco

Warner Music Group (WMG) said its CFO and COO, according to a company memo cited by The Hollywood Reporter, will depart after about a year. WMG is pursuing a restructuring plan to cut about $300 million in costs, including $170 million via layoffs. The company also plans acquisitions of Revelator and Sureel AI. It expects fiscal Q3 operating income of about $305 million and streaming revenue near $1 billion.

Warner Music Group (WMG) reported preliminary Q3 results for the quarter ended June 30, 2026. Revenue rose 10% to nearly $1.9B, with digital revenue up 11% to about $1.25B. Recorded music revenue rose 10% to ~$1.5B, streaming up 12%. Operating income rose 80% to $305M. WMG reiterated FY targets and will release full results Aug. 5.

Warner Music Group Corp. (WMG) filed an SEC Form 8-K — Results of Operations and Financial Condition. 8-K NY false 0001319161 0001319161 2026-08-03 2026-08-03 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 3

Warner Music Group said CFO and COO Armin Zerza will step down for personal reasons, effective immediately. Chief Accounting Officer Lou Dickler becomes acting CFO while WMG searches for a replacement. WMG also promoted Warner Records COO Tom Corson to chief operating officer. Zerza joined WMG as CFO in May 2025 after Activision Blizzard.

Warner Music Group Corp. (WMG) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. 8-K NY false 0001319161 0001319161 2026-07-31 2026-07-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 31,

Bank of America said Warner Music Group (WMG) is likely to see market share normalize in fiscal Q3 after several quarters of above-normal performance, citing mean reversion. It kept a Neutral rating and $35 price target. BofA expects Q3 revenue of $1.81B and adjusted OIBDA of $417M, and highlighted AI and subscription growth tied to PSM agreements.

Warner Music Group said it completed a May test with GZ Media to assess whether recycled vinyl can match sound quality. GZ shredded and repressed 10,000 unsold records using 10%–100% recyclable blends, then experts at Abbey Road Studios conducted blind listening tests, according to WMG. The project also found a 10% lower product carbon footprint versus fresh PVC. WMG will launch a take-back program June 26–September via 11 indie retailers feeding Virterra Materials.

Wall Street Zen downgraded multiple stocks on June 21, including Predictive Oncology (AGPU) to sell from hold, Agape ATP (ATPC) to sell from hold, Bonk (BNKK) to sell from hold, Columbia Financial (CLBK) to sell from hold, and Camden Property Trust (CPT) to sell from hold. It also cut several ratings to hold or buy for companies such as Devon Energy (DVN), fuboTV (FUBO), and Alnylam (ALNY).