WMG Q2 revenue up 17% to $1.73B; net income $181M vs. $36M; declares $0.19 dividend

Warner Music Group Corp.

Total revenue $1.732B, up 17% YoY (12% constant currency); Recorded Music +17%, Music Publishing +14%.
Net income $181M vs. $36M prior year; EPS $0.35 vs. $0.07; adjusted EPS $0.44 vs. $0.32.
Adjusted OIBDA up 31% to $397M; operating income +57% to $264M; free cash flow $99M vs. $33M.
Board declared quarterly dividend $0.19/share, payable June 2, 2026, record May 26, 2026.
JV with Bain acquired $650M in recorded music and publishing catalogs; margin expansion guidance at high end of 150-200 bps.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Warner Music Group Corp. reported the fiscal second quarter ended March 31, 2026 results: revenue $1,732, net income $181 million, EPS $0.35. Guidance reaffirmed.

Period: the fiscal second quarter ended March 31, 2026
Revenue: $1,732
Net income: $181 million
EPS: $0.35
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Ended March 31, 2025 % Change For the Six Months Ended March 31, 2026 For the Six Months Ended March 31, 2025 % Change (unaudited) (unaudited) (unaudited) (unaudited) Revenue $ 1,732 $ 1,484 17 % $ 3,572 $ 3,150 13 % Recorded Music revenue 1,380 1,175 17 % 2,860 2,520 13 % Music Publishing revenue 353 310 14 % 715 633 13 % Operating income 264 168 57 % 552 382

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Source: SEC EDGAR

accession 0001319161-26-000021

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