Warner Music Group Corp.WMG

Market cap

$15.7B

P/E ratio

132.2x

	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
Revenue	2,780	-	3,027	2,966	3,246	3,576	4,005	4,475	4,463	5,301	5,919	6,037
Cost of revenue	-	-	-	-	-	-	2,171	2,401	2,333	2,742	3,080	3,177
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
Restructuring	-	-	-	-	-	-	-	-	-	-	-	40
Amortization expense	193	-	266	255	243	201	206	208	190	229	263	245
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
Net gain on divestiture	-	-	-	-	9	-	-	-	-	-	-	41
Operating income	109	-	19	127	214	222	217	356	-229	609	714	790
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
Other (expense) income, net	8	-	-4	-21	18	-40	394	60	-57	-9	151	-36
Income before income taxes	-108	-	-329	-75	41	-2	442	267	-447	456	740	609
Income tax expense	1	-	-26	13	11	-151	130	9	23	149	185	170
Net income	-	-	-	-	30	149	312	258	-470	307	555	439
Less: Income attributable to noncontrolling interest	3	-	5	3	5	6	5	2	5	3	4	9
Class A Common Stock	-	-	-	-	-	-	-	-	-21	68	149	119
Common Class B	-	-	-	-	-	-	-	-	-454	236	402	311
Net income attributable to Warner Music Group Corp.	-109	-	-303	-88	25	143	307	256	-475	304	551	430
Class A Common Stock	-	-	-	-	-	-	-	-	-	0.58	1.06	0.82
Common Class B	-	-	-	-	-	-	-	-	-	0.58	1.06	0.82
Class A Common Stock	-	-	-	-	-	-	-	-	-	0.58	1.06	0.82
Common Class B	-	-	-	-	-	-	-	-	-	0.58	1.06	0.82