Warner Music Group (WMG)
Net profit margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 256,000 | 152,000 |
| Revenue (ttm) | US$ in thousands | 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 | 4,475,000 | 4,390,000 |
| Net profit margin | 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% | 5.72% | 3.46% |
March 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $529,000K ÷ $6,217,000K
= 8.51%
Warner Music Group's net profit margin has shown some fluctuations over the past several quarters. In the most recent quarter ending March 31, 2024, the net profit margin stood at 8.51%, a slight improvement from the previous quarter's 7.64%. This upward trend is positive and indicates that the company is effectively managing its costs relative to its revenue.
Looking back over the past year, the net profit margin has generally been in the range of 7% to 8%, with some quarters performing better than others. The lowest point was in the first quarter of 2021, where the net profit margin dropped significantly to -6.48%, possibly indicating operational challenges or one-time expenses impacting profitability.
Overall, Warner Music Group's net profit margin has shown resilience and a strong ability to generate profit relative to its revenue. It is important for the company to continue monitoring and improving its margin to ensure sustainable and profitable growth in the future.
Peer comparison
Mar 31, 2024