Warner Music Group Corp.
WMG Communication Services Entertainment
Warner Music Group Corp.’s revenue for fiscal 2025 (year ended September 2025) was $6.7 billion, up 4.37% from fiscal 2024. In the quarter to June 2026, revenue grew 10.4%, EPS grew 1,400.0%, free cash flow grew 1,528.6% and total debt rose 7.95%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.
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Warner Music Group Corp. (WMG) EV/Sales
As of 9 October 2026, Warner Music Group Corp. (WMG) trades at a EV/Sales of 2.6×. Over the past ten years it has ranged from 2.3× (March 2026) to 5.4× (October 2021); the current reading is higher than 6% of that period. That is above the Entertainment industry median of 1.7× and above the Communication Services sector median of 1.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 3.2× | 5.78% |
| FY2024 | 3.1× | (5.27%) |
| FY2023 | 3.2× | 25.53% |
| FY2022 | 2.6× | (45.32%) |
| FY2021 | 4.7× | 22.17% |
| FY2020 | 3.8× | (2.20%) |
| FY2019 | 3.9× | 0.00% |
| FY2018 | 3.9× | 0.00% |
| FY2017 | 3.9× | 0.00% |
| FY2016 | 3.9× | 0.00% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 2.5× | 2.68% |
| Mar 2026 | 2.4× | (14.85%) |
| Dec 2025 | 2.9× | (11.20%) |
| Sep 2025 | 3.2× | 15.19% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| SKYD Paramount Skydance Corporation compare | 0.8× |
| NWSA News Corporation compare | 1.8× |
| NWS News Corporation compare | 2.0× |
| WMG Warner Music Group Corp. | 2.6× |
| ROKU Roku, Inc. compare | 3.9× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 7.9× |
| MSGS The Madison Square Garden Company compare | 8.5× |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 8.5× |
| LLYVA Liberty Live Holdings, Inc. compare | — |
| Entertainment industry median | 1.7× |
| Communication Services sector median | 1.4× |
| Market median | 2.2× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)