Warner Music Group Corp Ordinary Shares - Class A

WMG: XNAS (USA)

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Warner Music Earnings: Fantastic Results, and Catalysts Exist for Further Improvement

Matthew Dolgin

Feb 6, 2026

Warner Music's fiscal first-quarter results were superb, with over 3 percentage points of EBITDA margin expansion, a 40% rise in free cash flow—to $420 million—and 7% sales growth, after adjusting for currency tailwinds. Subscription revenue from streaming recordings accelerated to 9% growth.

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Warner Music Group Corp Ordinary Shares - Class A

Warner Music Earnings: Fantastic Results, and Catalysts Exist for Further Improvement

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