Warner Music Q3 revenue rises 10%, beats estimates
WMG•Outlook
- Company continues to expect high end of 150-200 basis points full-year margin expansion
- Warner Music Group reiterates 50-60% operating cash flow conversion target for FY2026
- Company sees positive industry trends and resilient global market share supporting outlook
Overview
- Music company reported fiscal Q3 revenue up 10%, beating analyst expectations
- Adjusted EPS for fiscal Q3 rose to $0.51 from $0.42 yr/yr
- Company attributes growth to strong streaming, improved DSP terms, and cost savings
Result drivers
- Streaming growth - Co said double-digit subscription streaming growth was driven by improved DSP terms, positive industry trends, and resilient global market share
- Revenue mix and cost savings - Margin expansion attributed to favorable revenue mix and savings from restructuring plans
- Artist services and physical sales - Higher artist services, expanded-rights, and physical revenue driven by strong releases and catalog success
Key details and analyst coverage
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