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Operating Income by Segment
Details the operating income from each business segment, offering a clear view of which segments contribute most to the company's profitability.
Warner Music Group's Recorded Music segment shows a recovery trend, with operating income rebounding from previous lows, supported by strong streaming growth and market share gains. Music Publishing also maintains steady growth, reflecting strategic focus. However, the Corporate segment's operating losses have widened, indicating ongoing cost pressures. The earnings call highlights a strategic reorganization and a joint venture with Bain Capital, aiming for cost savings and M&A expansion, which could improve margins despite current challenges in physical and ad-supported streaming revenues.
WMG Operating Income by Segment
| Date | Corporate | Recorded Music | Music Publishing |
|---|---|---|---|
| Jun 30, 2025 | -$92.00M | $201.00M | $60.00M |
| Mar 31, 2025 | -$87.00M | $203.00M | $52.00M |
| Dec 31, 2024 | -$79.00M | $238.00M | $55.00M |
| Sep 30, 2024 | -$88.00M | $178.00M | $53.00M |
| Jun 30, 2024 | -$76.00M | $230.00M | $53.00M |
| Mar 31, 2024 | -$84.00M | $134.00M | $69.00M |
| Dec 31, 2023 | -$83.00M | $374.00M | $63.00M |
| Sep 30, 2023 | -$71.00M | $234.00M | $49.00M |
| Jun 30, 2023 | -$68.00M | $207.00M | $50.00M |
| Mar 31, 2023 | -$79.00M | $151.00M | $52.00M |
| Dec 31, 2022 | -$67.00M | $283.00M | $49.00M |
| Sep 30, 2022 | -$38.00M | $165.00M | $36.00M |
| Jun 30, 2022 | -$53.00M | $166.00M | $33.00M |
| Mar 31, 2022 | -$61.00M | $189.00M | $38.00M |
| Dec 31, 2021 | -$69.00M | $276.00M | $32.00M |
| Sep 30, 2021 | -$57.00M | $129.00M | $28.00M |
| Jun 30, 2021 | -$56.00M | $197.00M | $21.00M |
| Mar 31, 2021 | -$55.00M | $184.00M | $22.00M |
| Dec 31, 2020 | -$45.00M | $223.00M | $18.00M |
| Sep 30, 2020 | -$43.00M | $108.00M | $23.00M |
| Jun 30, 2020 | -$287.00M | -$160.00M | $14.00M |
| Mar 31, 2020 | -$115.00M | $36.00M | $30.00M |
| Dec 31, 2019 | -$40.00M | $191.00M | $14.00M |
