Warner Music (WMG)

• Market cap: $17.5B
• 1 day: -0.3%
• 5 days: -1.38%
• 1 month: 3.04%
• 3 months: 25.54%
• 6 months: 1.27%
• Year to date: 7.09%
• 1 year: 11.36%
• 5 years: 18.87%
• 10 years: 11.29%
• Sector: Communication Services
• Industry: Entertainment

About: Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.

Employees: 5,800

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

1,072% more call options, than puts

Call options by funds: $63.6M | Put options by funds: $5.43M

0.76% less ownership

Funds ownership: 102.24% [Q1] → 101.48% (-0.76%) [Q2]

9% less repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 97

5% less funds holding

Funds holding: 266 [Q1] → 253 (-13) [Q2]

13% less capital invested

Capital invested by funds: $4.65B [Q1] → $4.03B (-$613M) [Q2]

23% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 44

50% less funds holding in top 10

Funds holding in top 10: 4 [Q1] → 2 (-2) [Q2]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $30
• Avg. target: $35
• High target: $45

10 analyst ratings

• positive: 5 50%
• neutral: 5 50%
• negative: 0 0%

Tigress Financial Ivan Feinseth	$45	Buy Maintained	10 Sep 2025
Citigroup Jason Bazinet	$41	Buy Maintained	9 Sep 2025
Goldman Sachs Stephen Laszczyk	$31	Neutral Maintained	12 Aug 2025
UBS Batya Levi	$40	Buy Maintained	8 Aug 2025
Wells Fargo Omar Mejias	$34	Equal-Weight Maintained	8 Aug 2025