Warner Music Group Corp. — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
For Q3 ended June 30, 2026, Warner Music Group reported total revenue of $1,864M (up 10% YoY; 9% constant currency), with Recorded Music revenue at $1,488M (+10%) and Music Publishing at $377M (+12%). Net income was $200M (vs. $16M loss prior year); Adjusted OIBDA increased 16% to $433M. Operating cash flow rose to $142M from $46M; Free Cash Flow surged to $114M from $7M. Cash balance increased $100M YoY to $618M. The company has delivered or exceeded targets for five consecutive quarters. Board declared regular quarterly dividend of $0.20/share. For nine months ended June 30, 2026, revenue was $5,436M (+12%), net income $556M, Adjusted OIBDA $1,293M (+24%).
Why this rating
Strong operational results (revenue +10%, cash flow nearly +200%) and margin expansion meaningful but incremental given company's $4.5B scale. No M&A, debt refinancing, or material strategic shifts. Execution on existing strategy.
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