Warner Music Group (WMG) Revenue & Revenue Breakdown

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Warner Music Group Revenue Highlights

Latest Revenue (Y)

$6.71B

Latest Revenue (Q)

$1.48B

Main Segment (Y)

Recorded Music

Main Geography (Y)

UNITED STATES

Warner Music Group Revenue by Period

Warner Music Group Revenue by Year

Date	Revenue	Change
2025-09-30	$6.71B	4.37%
2024-09-30	$6.43B	6.44%
2023-09-30	$6.04B	1.99%
2022-09-30	$5.92B	11.66%
2021-09-30	$5.30B	18.78%
2020-09-30	$4.46B	-0.27%
2019-09-30	$4.47B	11.74%
2018-09-30	$4.00B	12.00%
2017-09-30	$3.58B	10.17%
2016-09-30	$3.25B	9.44%
2015-09-30	$2.97B	-2.02%
2014-09-30	$3.03B	5.43%
2013-09-30	$2.87B	3.27%
2012-09-30	$2.78B	-3.10%
2011-09-30	$2.87B	-3.85%
2010-09-30	$2.98B	-6.69%
2009-09-30	$3.20B	-8.39%
2008-09-30	$3.49B	3.13%
2007-09-30	$3.38B	-3.73%
2006-09-30	$3.52B	0.40%
2005-09-30	$3.50B	97.96%
2004-09-30	$1.77B	-47.60%
2003-09-30	$3.38B	2.61%
2002-09-30	$3.29B	-4.94%
2000-11-30	$3.46B	-

Warner Music Group generated $6.71B in revenue during NA 2025, up 4.37% compared to the previous quarter, and up 150.28% compared to the same period a year ago.

Warner Music Group Revenue by Quarter

Date	Revenue	Change
2025-03-31	$1.48B	-10.92%
2024-12-31	$1.67B	2.21%
2024-09-30	$1.63B	4.89%
2024-06-30	$1.55B	4.02%
2024-03-31	$1.49B	-14.53%
2023-12-31	$1.75B	10.21%
2023-09-30	$1.59B	1.41%
2023-06-30	$1.56B	11.79%
2023-03-31	$1.40B	-5.98%
2022-12-31	$1.49B	-0.60%
2022-09-30	$1.50B	4.54%
2022-06-30	$1.43B	4.07%
2022-03-31	$1.38B	-14.75%
2021-12-31	$1.61B	17.30%
2021-09-30	$1.38B	2.69%
2021-06-30	$1.34B	7.20%
2021-03-31	$1.25B	-6.37%
2020-12-31	$1.33B	18.56%
2020-09-30	$1.13B	11.49%
2020-06-30	$1.01B	-5.70%
2020-03-31	$1.07B	-14.73%
2019-12-31	$1.26B	11.74%
2019-09-30	$1.12B	6.24%
2019-06-30	$1.06B	-2.94%
2019-03-31	$1.09B	-9.39%
2018-12-31	$1.20B	15.78%
2018-09-30	$1.04B	8.46%
2018-06-30	$958.00M	-0.52%
2018-03-31	$963.00M	-7.85%
2017-12-31	$1.04B	13.96%
2017-09-30	$917.00M	-
2017-06-30	$917.00M	11.15%
2017-03-31	$825.00M	-10.03%
2016-12-31	$917.00M	9.04%
2016-09-30	$841.00M	3.70%
2016-06-30	$811.00M	8.86%
2016-03-31	$745.00M	-12.25%
2015-12-31	$849.00M	13.20%
2015-09-30	$750.00M	5.63%
2015-06-30	$710.00M	4.87%
2015-03-31	$677.00M	-18.34%
2014-12-31	$829.00M	7.52%
2014-09-30	$771.00M	-2.16%
2014-06-30	$788.00M	20.67%
2014-03-31	$653.00M	-19.88%
2013-12-31	$815.00M	6.68%
2013-09-30	$764.00M	15.23%
2013-06-30	$663.00M	-1.78%
2013-03-31	$675.00M	-12.22%
2012-12-31	$769.00M	6.95%
2012-09-30	$719.00M	9.94%
2012-06-30	$654.00M	4.14%
2012-03-31	$628.00M	-19.38%
2011-12-31	$779.00M	40.61%
2011-09-30	$554.00M	-19.24%
2011-06-30	$686.00M	0.59%
2011-03-31	$682.00M	-13.56%
2010-12-31	$789.00M	4.92%
2010-09-30	$752.00M	15.34%
2010-06-30	$652.00M	-1.51%
2010-03-31	$662.00M	-27.89%
2009-12-31	$918.00M	6.62%
2009-09-30	$861.00M	11.96%
2009-06-30	$769.00M	15.12%
2009-03-31	$668.00M	-23.92%
2008-12-31	$878.00M	2.81%
2008-09-30	$854.00M	0.71%
2008-06-30	$848.00M	6.00%
2008-03-31	$800.00M	-

Warner Music Group generated $1.48B in revenue during Q2 2025, up -10.92% compared to the previous quarter, and up 84.90% compared to the same period a year ago.

Warner Music Group Revenue Breakdown

Warner Music Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Sep 25	Sep 24	Sep 23	Sep 22	Sep 21
Recorded Music	$5.41B	$5.22B	$4.96B	$4.97B	$4.54B
Music Publishing	$1.31B	$1.21B	$1.09B	$958.00M	$761.00M

Warner Music Group's latest annual revenue breakdown by segment (product or service), as of Sep 25: Recorded Music (80.55%), and Music Publishing (19.45%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Music Publishing	$337.00M	$336.00M	$310.00M	$323.00M	$600.00M	$306.00M	$304.00M	$298.00M	$283.00M	$257.00M	$250.00M	$254.00M	$245.00M	$230.00M	$229.00M	$205.00M	$189.00M	$192.00M	$175.00M	$169.00M
Recorded Music	$1.53B	$1.35B	$1.18B	$1.34B	$2.59B	$1.19B	$1.45B	$1.29B	$1.28B	$1.14B	$1.24B	$1.24B	$1.19B	$1.15B	$1.39B	$1.17B	$1.15B	$1.06B	$1.16B	$958.00M

Warner Music Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Recorded Music (81.99%), and Music Publishing (18.01%).

Warner Music Group Revenue Breakdown by Country

Annual Revenue by Country

Country	Sep 25	Sep 24	Sep 23	Sep 22	Sep 21
UNITED STATES	$2.87B	$2.87B	$2.77B	$2.74B	$2.36B
UNITED KINGDOM	$857.00M	$774.00M	-	-	-
All Other Countries	$2.46B	$2.27B	$2.01B	$1.83B	$1.66B
GERMANY	$515.00M	$513.00M	$535.00M	$613.00M	$662.00M

Warner Music Group's latest annual revenue breakdown by geography, as of Sep 25: UNITED STATES (42.85%), All Other Countries (36.69%), UNITED KINGDOM (12.78%), and GERMANY (7.68%).

Quarterly Revenue by Country

Country	Mar 25	Dec 24	Mar 24	Dec 23	Mar 20	Dec 19	Jun 19	Mar 19	Dec 18
Non-US	$827.00M	$963.00M	$817.00M	$950.00M	$606.00M	$723.00M	$652.00M	-	-
International	-	-	-	-	-	-	-	$670.00M	$790.00M

Warner Music Group's latest quarterly revenue breakdown by geography, as of Mar 25: Non-US (100.00%).

Warner Music Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
TLK	Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk	$149.22T	$37.43T
VIV	Telefônica Brasil	$52.10B	$13.55B
PSKY	Paramount Skydance Corporation Class B	$29.21B	$6.73B
OMC	Omnicom Group	$15.69B	$4.04B
SIRI	Sirius XM	$8.70B	$2.16B
NWSA	News	$8.45B	$2.14B
WMG	Warner Music Group	$6.71B	$1.48B
ROKU	Roku	$4.11B	$1.21B
TKO	TKO Group	$2.80B	$1.31B
Z	Zillow Group, Inc. Class C	$2.24B	$676.00M

WMG Revenue FAQ

What is Warner Music Group’s yearly revenue?

Warner Music Group's yearly revenue for 2025 was $6.71B, representing an increase of 4.37% compared to 2024. The company's yearly revenue for 2024 was $6.43B, representing an increase of 6.44% compared to 2023. WMG's yearly revenue for 2023 was $6.04B, representing an increase of 1.99% compared to 2022.

What is Warner Music Group’s quarterly revenue?

Warner Music Group's quarterly revenue for Q2 2025 was $1.48B, a -10.92% decrease from the previous quarter (Q1 2025), and a -0.67% decrease year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $1.67B, a 2.21% increase from the previous quarter (Q4 2024), and a -4.69% decrease year-over-year (Q1 2024). WMG's quarterly revenue for Q4 2024 was $1.63B, a 4.89% increase from the previous quarter (Q3 2024), and a 2.77% increase year-over-year (Q4 2023).

What is Warner Music Group’s revenue growth rate?

Warner Music Group's revenue growth rate for the last 3 years (2023-2025) was 11.10%, and for the last 5 years (2021-2025) was 26.52%.

What are Warner Music Group’s revenue streams?

Warner Music Group's revenue streams in p 25 are Recorded Music, and Music Publishing. Recorded Music generated $5.41B in revenue, accounting 80.55% of the company's total revenue, up 3.54% year-over-year. Music Publishing generated $1.31B in revenue, accounting 19.45% of the company's total revenue, up 7.93% year-over-year.

What is Warner Music Group’s main source of revenue?

For the fiscal year ending Sep 25, the largest source of revenue of Warner Music Group was Recorded Music. This segment made a revenue of $5.41B, representing 80.55% of the company's total revenue.