WMG Stock Summary and Trading Ideas (Warner Music Group Corp. - Class A | NASDAQ:WMG)

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 Chappel controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.

Warner Music Group Corp. - Class A trades on the NASDAQ stock market under the symbol WMG.

As of January 31, 2025, WMG stock price declined to $31.80 with 2,095,206 million shares trading.

WMG has a beta of 0.54, meaning it tends to be less sensitive to market movements. WMG has a correlation of 0.08 to the broad based SPY ETF.

WMG has a market cap of $16.53 billion. This is considered a Large Cap stock.

Last quarter Warner Music Group Corp. - Class A reported $2 billion in Revenue and $.08 earnings per share. This beat revenue expectation by $30 million and missed earnings estimates by -$.23.

In the last 3 years, WMG traded as high as $44.64 and as low as $21.57.

The top ETF exchange traded funds that WMG belongs to (by Net Assets): IJH, VTI, VO, VXF, VUG.

WMG has underperformed the market in the last year with a return of -10.9%, while the SPY ETF gained +26.1%. In the last 3 month period, WMG fell short of the market, returning +0.1%, while SPY returned +6.2%. However, in the most recent 2 weeks WMG has outperformed the stock market by returning +5.2%, while SPY returned +0.7%.

WMG support price is $31.65 and resistance is $32.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WMG shares will trade within this expected range on the day.