Warner Music Group (WMG)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 790,000 | 714,000 | 609,000 | -229,000 | 356,000 |
| Revenue | US$ in thousands | 5,879,000 | 6,088,000 | 5,276,000 | 4,463,000 | 4,475,000 |
| Operating profit margin | 13.44% | 11.73% | 11.54% | -5.13% | 7.96% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $790,000K ÷ $5,879,000K
= 13.44%
Warner Music Group's operating profit margin has shown a positive trend over the past five years. From a low of -5.13% in September 2020, the operating profit margin improved significantly, reaching 13.44% in September 2023. This indicates that the company has been able to effectively control its operating expenses and generate higher profits from its core operations. The sustained growth in operating profit margin is a positive indicator of Warner Music Group's operational efficiency and financial performance over the years.
Peer comparison
Sep 30, 2023
Company name
Symbol
Operating profit margin
Warner Music Group
WMG
13.44%
Live Nation Entertainment Inc
LYV
4.69%
Six Flags Entertainment Corporation
FUN
19.27%
TKO Group Holdings Inc.
TKO
26.67%