Warner Music Group Corp.WMG

Market cap

$16B

P/E ratio

	Sep 30, 2012	Sep 30, 2013	Sep 30, 2014	Sep 30, 2015	Sep 30, 2016	Sep 30, 2017	Sep 30, 2018	Sep 30, 2019	Sep 30, 2020	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024
Revenue	-	-	-	-	-	-	4,005	4,475	4,463	5,301	5,919	6,037	6,426
Cost of revenue	-	-	-	-	-	-	2,171	2,401	2,333	2,742	3,080	3,177	3,355
Selling, general and administrative expenses	1,019	-	1,172	1,073	1,082	1,222	1,411	1,510	2,169	1,721	1,862	1,826	1,879
Restructuring and impairments	-	-	-	-	-	-	-	-	-	-	-	-	177
Amortization expense	193	-	266	255	243	201	206	208	190	229	263	245	224
Total costs and expenses	2,671	-	3,008	2,839	3,032	3,354	3,788	4,119	4,692	4,692	5,205	5,288	5,635
Net gain on divestitures	-	-	-	-	9	-	-	-	-	-	-	41	32
Operating income	109	-	19	127	214	222	217	356	-229	609	714	790	823
Loss on extinguishment of debt	-	-	-141	-	-18	-35	-31	-7	-34	-22	-	-4	-
Interest expense, net	-	-	-203	-181	-173	-149	-138	-142	-127	-122	-125	-141	-161
Other (expense) income, net	8	-	-4	-21	18	-40	394	60	-57	-9	151	-36	-61
Income before income taxes	-	-	-	-75	41	-2	442	267	-447	456	740	609	601
Income tax expense	1	-	-26	13	11	-151	130	9	23	149	185	170	123
Net income	-	-	-	-	30	149	312	258	-470	307	555	439	478
Less: Income attributable to noncontrolling interest	3	-	5	3	5	6	5	2	5	3	4	9	43
Class A Common Stock	-	-	-	-	-	-	-	-	-21	68	149	119	122
Class B Common Stock	-	-	-	-	-	-	-	-	-454	236	402	311	313
Net income attributable to Warner Music Group Corp.	-109	-	-303	-88	25	143	307	256	-475	304	551	430	435
Class A Common Stock	-	-	-	-	-	-	-	-	-	-	-	-	0.83
Class B Common Stock	-	-	-	-	-	-	-	-	-	-	-	-	0.83
Class A Common Stock	-	-	-	-	-	-	-	-	-	-	-	-	0.83
Class B Common Stock	-	-	-	-	-	-	-	-	-	-	-	-	0.83