Warner Music Group (WMG)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 755,000 | 591,000 | 883,000 | 584,000 | -229,000 |
| Revenue | US$ in thousands | 6,390,000 | 5,879,000 | 6,088,000 | 5,276,000 | 4,463,000 |
| Gross profit margin | 11.82% | 10.05% | 14.50% | 11.07% | -5.13% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $755,000K ÷ $6,390,000K
= 11.82%
Warner Music Group's gross profit margin has shown fluctuations over the past five years. In 2024, the gross profit margin stood at 11.82%, which reflects an improvement compared to the previous year when it was 10.05%. However, it remains lower than the 2022 figure of 14.50%. The company experienced a significant increase in its gross profit margin in 2022 compared to 2021, indicating possible cost management or pricing strategies that boosted profitability. In 2020, Warner Music Group had a negative gross profit margin of -5.13%, reflecting a period of financial difficulty or operational challenges. Overall, the varying trend in gross profit margin suggests the company's performance in managing production costs and pricing strategies fluctuated over the years.
Peer comparison
Sep 30, 2024