US9345502036 - Common Stock
WARNER MUSIC GROUP CORP-CL A
NASDAQ:WMG (11/21/2024, 5:20:02 PM)
After market: 31.18 0 (0%)31.18
-2.49 (-7.4%)
Warner Music Group Corp. engages in the publishing and recording of music. The company is headquartered in New York City, New York and currently employs 5,900 full-time employees. The company went IPO on 2020-06-03. The firm's record labels include Atlantic Records, Warner Records, Elektra Records and Parlophone Records. The firm's segments include recorded music and music publishing. The recorded music segment consists of the discovery and development of recording artists and the related marketing, promotion, distribution, sale and licensing of music created by such recording artists. In the United States, its recorded music business is conducted principally through its record labels - Atlantic Records and Warner Records. The music publishing segment is engaged in the intellectual property business, which is conducted principally through Warner Chappell Music, its global music publishing company. Warner Chappell Music also administers the music and soundtracks of several third-party television and film producers and studios. The firm has a production music catalog collectively branded as Warner Chappell Production Music.
WARNER MUSIC GROUP CORP-CL A
1633 Broadway
New York City NEW YORK 10019
P: 12122752000
CEO: Stephen Cooper
Employees: 5900
Website: https://www.wmg.com/
WMG earnings call for the period ending September 30, 2024.
Shares of global music entertainment company Warner Music Group (NASDAQ:WMG) fell 10.2% in the afternoon session after the company reported weak third-quarter earnings, which missed analysts' EPS estimates significantly. Its Sales in the Recorded Music business also fell short of Wall Street's estimates. Overall, this was a softer quarter.
Shares of global music entertainment company Warner Music Group (NASDAQ:WMG) fell 10.2% in the afternoon session after the company reported weak third-quarter earnings, which missed analysts' EPS estimates significantly. Its Sales in the Recorded Music business also fell short of Wall Street's estimates. Overall, this was a softer quarter.
Warner Music Group Corp. stock dropped the most in 18 months after the company said the termination of a music distribution deal with BMG will weigh on financial results next year, limiting growth from music streaming.
Global music entertainment company Warner Music Group (NASDAQ:WMG) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 2.8% year on year to $1.63 billion. Its GAAP profit of $0.08 per share was 71.1% below analysts’ consensus estimates.
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