Warner Music Group (WMG)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 430,000 | 551,000 | 304,000 | -475,000 | 256,000 |
| Revenue | US$ in thousands | 5,879,000 | 6,088,000 | 5,276,000 | 4,463,000 | 4,475,000 |
| Net profit margin | 7.31% | 9.05% | 5.76% | -10.64% | 5.72% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $430,000K ÷ $5,879,000K
= 7.31%
Warner Music Group's net profit margin has displayed varying trends over the past five years. In 2023, the net profit margin decreased to 7.31% from 9.05% in 2022, indicating a decline in profitability. However, compared to 2021, the current net profit margin reflects an improvement from 5.76%. Notably, in 2020, the company had a negative net profit margin of -10.64%, indicating a loss. The positive net profit margins in 2019 and 2023 suggest that the company has managed to generate profits in those years. Overall, the fluctuating net profit margin of Warner Music Group indicates changes in its profitability levels over the years.
Peer comparison
Sep 30, 2023