Warner Music Group (WMG)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 823,000 | 892,000 | 874,000 | 879,000 | 790,000 | 741,000 | 698,000 | 740,000 | 714,000 | 651,000 | 667,000 | 652,000 | 609,000 | 597,000 | 2,000 | -198,000 | -229,000 | -288,000 | 203,000 | 374,000 |
| 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 |
| Operating profit margin | 13.17% | 14.27% | 14.06% | 14.37% | 13.37% | 12.58% | 12.03% | 12.72% | 11.87% | 11.15% | 11.63% | 11.63% | 11.51% | 11.85% | 0.04% | -4.36% | -5.13% | -6.46% | 4.50% | 8.26% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $823,000K ÷ $6,248,000K
= 13.17%
Warner Music Group's operating profit margin has shown variability over the past several quarters. The margin ranged between a low of -6.46% in December 2019 to a high of 14.37% in December 2023. The trend indicates some level of stability and improvement in the company's operational efficiency over time. However, it experienced a significant decline in March 2021, dropping to 0.04% before recovering to more stable levels in subsequent quarters. This suggests that the company may have faced challenges or made strategic decisions that impacted its profitability during that period. Overall, maintaining an operating profit margin above 10% in recent quarters reflects solid financial performance and effective cost management by Warner Music Group.
Peer comparison
Sep 30, 2024