Warner Music Group Q4 revenue up 15% to record $1.87 billion; FY net income down 23%
Warner Music Group reported fiscal fourth-quarter revenue of $1.87 billion, up 15%, and net income of $109 million, up from $48 million a year earlier. For the full fiscal year ended September 30, 2025, revenue rose 4% to $6.71 billion, but net income fell 23% to $370 million and operating income fell 16% to $694 million, which shareholders should weigh against the stronger quarter.
Key points
- Q4 revenue was $1,868 million, up 15% from $1,630 million; Q4 net income was $109 million versus $48 million.
- Full-year revenue was $6,707 million, up 4%; full-year net income was $370 million versus $478 million, down 23%.
- Full-year operating income was $694 million, down from $823 million, including $79 million of impairment charges related to EMP.
- Net debt was $3.833 billion as of September 30, 2025, compared with $3.320 billion a year earlier.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 20, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.