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 Chappell 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 March 12, 2025, WMG stock price climbed to $33.65 with 620,842 million shares trading.

WMG has a beta of 0.60, meaning it tends to be less sensitive to market movements. WMG has a correlation of 0.09 to the broad based SPY ETF.

WMG has a market cap of $17.51 billion. This is considered a Large Cap stock.

Last quarter Warner Music Group Corp. - Class A reported $2 billion in Revenue and $.45 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.12.

In the last 3 years, WMG traded as high as $39.31 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 +0.9%, while SPY returned +11.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in WMG shares. However, WMG has outperformed the market in the last 3 month and 2 week periods, returning +3.8% and -3.3%, while SPY returned -7.3% and -5.6%, respectively. This indicates WMG has been having a stronger performance recently.

WMG support price is $32.81 and resistance is $34.07 (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.