Warner Music Group (WMG)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 613,000 | 731,000 | 668,000 | 681,000 | 619,000 | 641,000 | 643,000 | 723,000 | 812,000 | 691,000 | 695,000 | 680,000 | 601,000 | 595,000 | 12,000 | -188,000 | -229,000 | -298,000 | 193,000 | 364,000 |
| Revenue (ttm) | US$ in thousands | 6,248,000 | 6,253,000 | 6,217,000 | 6,116,000 | 5,907,000 | 5,889,000 | 5,802,000 | 5,817,000 | 6,017,000 | 5,838,000 | 5,734,000 | 5,608,000 | 5,293,000 | 5,039,000 | 4,721,000 | 4,542,000 | 4,463,000 | 4,461,000 | 4,509,000 | 4,528,000 |
| Gross profit margin | 9.81% | 11.69% | 10.74% | 11.13% | 10.48% | 10.88% | 11.08% | 12.43% | 13.50% | 11.84% | 12.12% | 12.13% | 11.35% | 11.81% | 0.25% | -4.14% | -5.13% | -6.68% | 4.28% | 8.04% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $613,000K ÷ $6,248,000K
= 9.81%
Warner Music Group's gross profit margin has shown some fluctuation over the past few quarters. In the most recent quarter ending September 30, 2024, the gross profit margin was 9.81%. This represents a decrease from the previous quarter but is still relatively stable compared to some earlier periods.
Looking at the trend over the last two years, the gross profit margin has ranged from a low of -6.68% in December 2019 to a high of 13.50% in September 2022. This indicates variability in the company's ability to generate profits from its core operations during this period.
The overall trend in the gross profit margin seems to have improved after the significant lows in early 2021. The company has managed to increase its profitability since then, although there are still fluctuations quarter by quarter.
It is essential for Warner Music Group to continue monitoring and managing its cost of sales and revenue generation to maintain a healthy gross profit margin and ensure sustainable profitability in the long term.
Peer comparison
Sep 30, 2024