For the quarter ended March 2026, Warner Music Group Corp. (WMG) reported revenue of $1.73 billion, up 16.7% over the same period last year. EPS came in at $0.44, compared to $0.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.63 billion, representing a surprise of +6.22%. The company delivered an EPS surprise of +48.35%, with the consensus EPS estimate being $0.30.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Warner Music Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Total Recorded Music: $1.38 billion compared to the $1.28 billion average estimate based on two analysts. Revenue- Music Publishing: $353 million compared to the $337.37 million average estimate based on two analysts. Revenue- Corporate expenses and eliminations: $-1 million compared to the $-1.53 million average estimate based on two analysts. Revenue- Recorded Music- Digital: $975 million versus $933.05 million estimated by two analysts on average. Revenue- Recorded Music- Physical: $137 million versus $107.23 million estimated by two analysts on average. Revenue- Recorded Music- Total Digital and Physical: $1.11 billion versus the two-analyst average estimate of $1.04 billion. Revenue- Music Publishing- Other: $4 million compared to the $3.98 million average estimate based on two analysts. Revenue- Recorded Music- Licensing: $104 million versus the two-analyst average estimate of $108.68 million. Revenue- Music Publishing- Performance: $58 million compared to the $55.4 million average estimate based on two analysts. Revenue- Music Publishing- Digital: $224 million versus the two-analyst average estimate of $209.62 million. Revenue- Music Publishing- Mechanical: $17 million versus the two-analyst average estimate of $15.71 million. Revenue- Music Publishing- Synchronization: $50 million compared to the $52.68 million average estimate based on two analysts.View all Key Company Metrics for Warner Music Group here>>>
Shares of Warner Music Group have returned +10.2% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Beyond Nvidia: AI's Second Wave Is Here
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Warner Music Group Corp. (WMG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).