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Stock impact report

Warner Music Group's (NASDAQ:WMG) Q1 Sales Top Estimates [Yahoo! Finance]

Warner Music Group Corp. - Class A (WMG) 
Company Research Source: Yahoo! Finance
It made a GAAP profit of $0.18 per share, improving from its profit of $0.07 per share in the same quarter last year. Is now the time to buy Warner Music Group? Find out in our full research report Warner Music Group (WMG) Q1 CY2024 Highlights: Revenue: $1.49 billion vs analyst estimates of $1.48 billion (small beat) EPS: $0.18 vs analyst estimates of $0.16 (9.8% beat) Gross Margin (GAAP): 47.1%, down from 48.5% in the same quarter last year Free Cash Flow was -$57 million, down from $264 million in the previous quarter Market Capitalization: $18.46 billion Launching the careers of legendary artists like Frank Sinatra, Warner Music Group (NASDAQ:WMG) is a music company managing a diverse portfolio of artists, recordings, and music publishing services worldwide. Media The advent of the internet changed how shows, films, music, and overall information flow. As a result, many media companies now face secular headwinds as attention shifts online. Some have made concert Show less Read more
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