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WMG| Name | Value |
|---|---|
| Revenues | 1,564.0M |
| Cost of Revenue | 850.0M |
| Gross Profit | 714.0M |
| Operating Expense | 525.0M |
| Operating I/L | 189.0M |
| Other Income/Expense | -22.0M |
| Interest Income | 0.0M |
| Pretax | 167.0M |
| Income Tax Expense | 43.0M |
| Net Income/Loss | 122.0M |
Warner Music Group Corp. is a leading music entertainment company with operations in the US, UK, Germany, and globally. The company generates revenue through its Recorded Music and Music Publishing segments. The Recorded Music segment focuses on artist discovery, development, marketing, and distribution of music through various record labels. It sells music and video products to retailers, wholesale distributors, and online platforms. The Music Publishing segment owns rights to a vast catalog of musical compositions, representing diverse genres and administering music for television and film producers. Warner Music Group Corp. leverages its extensive music catalog to drive sales and licensing opportunities.
