NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) --  Warner Music Group Corp. will release its financial results on Thursday, November 21, 2024, for the fourth quarter and fiscal year ended September 30, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here. Once registered, you will receive an email with the dial-in number along with your personalized pin needed to join the call. We suggest you call in 10 minutes prior to the start time. I ...

BofA Securities analyst Jessica Reif Ehrlich downgraded Warner Music Group Corp WMG from Neutral to Underperform and lowered the price target from $33 to $30. The price target is approximately 12 times the calendar year 2025 OIBDA (previously 13 times the 2025 OIBDA). Given the analyst's better long-term growth outlook, the multiple represents an approximately 25% premium to its media and entertainment coverage universe. Also Read: Sony Eyes $500M Deal for Pink Floyd's Iconic Music Catalog: Report Warner Mu ...

Focus on cultural impact and creative expertise New leadership empowered at Atlantic, 300 Entertainment, and 10K Projects Key moves include promotions of Lanre Gaba and Erica Bellarosa, appointment of Dave Rocco, and elevation of Craig Kallman NEW YORK, Sept. 23, 2024 /PRNewswire/ -- Today, Atlantic Music Group (AMG), part of Warner Music Group (Nasdaq: WMG), unveiled its dynamic new leadership team and structure. Designed to maximize AMG's cultural impact and strengthen its creative expertise, the changes ...

KEY TAKEAWAYS Warner Music Group said it is going to increase its planned layoffs as part of an updated restructuring plan aimed at freeing up cash to boost its core music operations. The entertainment company said it would reduce its staff by about 750 employees or 13% of its total headcount, from original plans to lay off 600 people or 10% of its workforce. Warner Music shares edged lower in early trading Friday and have lost about 15% of their value so far this year. Warner Music Group (WMG) said it is g ...

Warner Music Group said Thursday it would lay off about 750 employees, or 13% of its workforce, as part of a revised strategic restructuring plan to free up funds. In February, Warner Music, home to artists such as Dua Lipa and Teddy Swims, said that it would cut 600 employees – about 10% of its workforce. The job cuts will impact teams such as its in-house ad sales business and other support functions. Warner, home to Dua Lipa, will impact teams such as its in-house ad sales business and other support func ...

Warner Music Group Today WMG Warner Music Group $28.26 -0.39 (-1.36%) 52-Week Range $27.06 ▼ $38.05 Dividend Yield 2.41% P/E Ratio 28.26 Price Target $37.76 Add to Watchlist Warner Music Group NASDAQ: WMG is in the communication services sector and is one of the "Big 3" companies in the music recording and publishing industry, including Sony Music Group and Universal Music Group OTCMKTS: UMGNF. The company's returns have moved in the opposite direction of its sector in 2024 so far, down 17%. The Communicati ...

Warner Music Group Corp. (NASDAQ:WMG) Q3 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Kareem Chin - Senior Vice President and Head of Investor Relations Robert Kyncl - CEO Bryan Castellani - EVP and CFO Conference Call Participants Kutgun Maral - Evercore ISI Cameron Mansson-Perrone - Morgan Stanley Batya Levi - UBS Stephen Laszczyk - Goldman Sachs Omar Mejias - Wells Fargo Kannan Venkateshwar - Barclays Richard Greenfield - LightShed Partners Operator Welcome to the Warner M ...

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8%. A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.18, delivering a surprise of 63.64%. Over the last four quarters, the co ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output a ...

Financial Highlights Strong Recorded Music Subscription Streaming Growth Underpinned by a Robust Slate and Healthy Industry Trends Continued Momentum in Music Publishing Led by Strength in Digital and Performance Strong Margin Expansion and Double-Digit Growth in Operating and Free Cash Flow Reflect Solid Underlying Performance and Disciplined Cost Management Reiterating Full-Year Operating Cash Flow Conversion Guidance of 50-60% For the three months ended June 30, 2024 Total revenue decreased 1%, or increa ...