Warner Music Group (WMG)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 435,000 | 546,000 | 529,000 | 467,000 | 430,000 | 426,000 | 428,000 | 486,000 | 551,000 | 431,000 | 368,000 | 393,000 | 304,000 | 275,000 | -306,000 | -497,000 | -475,000 | -384,000 | 149,000 | 290,000 |
| 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 |
| Net profit margin | 6.96% | 8.73% | 8.51% | 7.64% | 7.28% | 7.23% | 7.38% | 8.35% | 9.16% | 7.38% | 6.42% | 7.01% | 5.74% | 5.46% | -6.48% | -10.94% | -10.64% | -8.61% | 3.30% | 6.40% |
September 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $435,000K ÷ $6,248,000K
= 6.96%
Warner Music Group's net profit margin has shown fluctuations over the past few quarters. The company's net profit margin ranged from as low as -10.94% in March 2021 to as high as 9.16% in September 2022. In the most recent quarter, ending in September 2024, the net profit margin stood at 6.96%.
The net profit margin represents the percentage of revenue that translates into profit after all expenses are deducted. A higher net profit margin indicates better profitability and efficiency in managing costs.
It is worth noting that Warner Music Group experienced a significant improvement in its net profit margin in the last few quarters compared to the negative margins reported in the previous year. This could be attributed to strategic cost management, revenue growth, or other operational efficiencies implemented by the company.
Investors and stakeholders typically view a positive and stable net profit margin as a positive sign of a company's financial health and performance. Continued monitoring of Warner Music Group's net profit margin trends will provide valuable insights into its financial performance and operational effectiveness.
Peer comparison
Sep 30, 2024