Global music entertainment company Warner Music Group (NASDAQ: WMG) will be announcing earnings results this Thursday before the bell. Here’s what to look for.
Warner Music Group beat analysts’ revenue expectations by 6.2% last quarter, reporting revenues of $1.69 billion, up 8.7% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ revenue estimates but a significant miss of analysts’ EPS estimates.
Is Warner Music Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Warner Music Group’s revenue to grow 3.4% year on year to $1.69 billion, in line with the 2.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Warner Music Group has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Warner Music Group’s peers in the media segment, some have already reported their Q3 results, giving us a hint as to what we can expect. fuboTV’s revenues decreased 2.3% year on year, beating analysts’ expectations by 4.9%, and News Corp reported revenues up 2.3%, topping estimates by 2%. fuboTV traded down 2.6% following the results while News Corp was up 6.5%.
Read our full analysis of fuboTV’s results here and News Corp’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the media stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.8% on average over the last month. Warner Music Group is down 8.3% during the same time and is heading into earnings with an average analyst price target of $38 (compared to the current share price of $30.01).
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