Warner Music Group (WMG)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 356,000 | 343,000 |
| 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 |
| Operating profit margin | 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% | 7.96% | 7.81% |
March 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $874,000K ÷ $6,217,000K
= 14.06%
Warner Music Group's operating profit margin has shown fluctuations in recent quarters. The company's operating profit margin ranged from as low as -6.46% in June 2020 to a high of 14.37% in December 2023. Over the past several quarters, the operating profit margin has generally been positive, indicating that the company's core operations are generating profits. It is worth noting that the operating profit margin significantly improved from negative values in March 2021 to positive levels above 10% in subsequent quarters. This positive trend may suggest that the company has implemented effective cost management strategies or experienced revenue growth that has boosted profitability. However, the slight decrease in the operating profit margin in the most recent quarter (March 2024) compared to the preceding quarter (December 2023) may warrant further investigation to identify any potential factors impacting profitability. Overall, Warner Music Group's operating profit margin demonstrates variability but generally shows positive performance in recent quarters.
Peer comparison
Mar 31, 2024