Warner Music's fiscal third-quarter performance reaffirmed that Universal's terrible recent results are not indicative of a weak streaming environment for record companies. Sales rose 10%, and the adjusted EBITDA margin expanded by one percentage point.
Talent will always be at the core of music industry sales, and major record labels like Warner are critical for artists to maximize success.
Warner’s smaller size versus other major record labels could make it difficult to compete for the best talent at the most favorable terms.
|
Metric
|
WMG
|
SPOT
|
6758
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.04 | 30.32 | 20.02 |
Price/Book Value | 16.16 | 10.48 | 2.61 |
Price/Sales | 1.89 | 4.85 | 1.75 |
Price/Cash Flow | 12.35 | 28.38 | 9.99 |
|
Metric
|
WMG
|
SPOT
|
6758
|
|---|---|---|---|
Quick Ratio | 0.50 | 2.09 | 0.82 |
Current Ratio | 0.73 | 2.11 | 1.25 |
Interest Coverage | 5.90 | 110.53 | 36.37 |
|
Metric
|
WMG
|
SPOT
|
6758
|
|---|---|---|---|
Return on Assets (Normalized) | 8.63% | 24.90% | 5.03% |
Return on Equity (Normalized) | 123.99% | 44.58% | 14.71% |
Return on Invested Capital (Normalized) | 18.04% | 35.15% | 11.68% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Netflix Inc
NFLX
| LOCK|p!tGfhPC | LOCK|K%x@ | $309B | |||
| The Walt Disney Co
DIS
| LOCK|q&Jg?$W | LOCK|QH | $181B | |||
| Warner Bros. Discovery Inc Ordinary Shares - Class A
WBD
| LOCK|sF$mbm | LOCK|Yk | $67B | |||
| Live Nation Entertainment Inc
LYV
| LOCK|@zGFG^m | LOCK|XppK | $42B | |||
| Fox Corp Class A
FOXA
| LOCK|^G@xK>S | LOCK|j> | $25B | |||
| Fox Corp Class B
FOX
| LOCK|^<@?%%M | LOCK|#& | $25B | |||
| Roku Inc Class A
ROKU
| LOCK|YNR^pG! | LOCK|Lbj | $23B | |||
| News Corp Class A
NWSA
| LOCK|fyJnFn | LOCK|H< | $16B | |||
| News Corp Class B
NWS
| LOCK|ClL@dJP | LOCK|FB# | $16B |
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United States