A Look Back at Media Stocks' Q3 Earnings: Warner Music Group (NASDAQ:WMG) Vs The Rest Of The Pack [Yahoo! Finance]
Warner Music Group Corp. - Class A (WMG)
Company Research
Source: Yahoo! Finance
The advent of the internet changed how shows, films, music, and overall information flow. As a result, many media companies now face secular headwinds as attention shifts online. Some have made concerted efforts to adapt by introducing digital subscriptions, podcasts, and streaming platforms. Time will tell if their strategies succeed and which companies will emerge as the long-term winners. The 8 media stocks we track reported a satisfactory Q3. As a group, revenues were in line with analysts' consensus estimates. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Launching the careers of legendary artists like Frank Sinatra, Warner Music Group (NASDAQ:WMG) is a music company managing a diverse portfolio of artists, recordings, and music publishing services worldwide. Warner Music Group reported revenues of $1.63 billion, up 2.8% year on year. This print exceeded analysts' expect
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WMG
News
- Connyct, an exclusive social media app for college students, emerges amid potential TikTok ban [TechCrunch]TechCrunch
- Experian Accelerates Identity and Activation Capabilities With Acquisition of Audigent [Yahoo! Finance]Yahoo! Finance
- Warner Music Group Corp. (NASDAQ: WMG) had its "buy" rating re-affirmed by analysts at Guggenheim. They now have a $44.00 price target on the stock.MarketBeat
- Warner Music Group Corp. (NASDAQ: WMG) had its price target raised by analysts at Citigroup Inc. from $31.00 to $34.00. They now have a "neutral" rating on the stock.MarketBeat
- K-POP SUPERSTAR ROSÉ SIGNS GLOBAL PUBLISHING DEAL WITH WARNER CHAPPELL MUSIC [Yahoo! Finance]Yahoo! Finance
WMG
Earnings
- 11/21/24 - Miss
WMG
Sec Filings
- 12/11/24 - Form 144
- 12/10/24 - Form 144
- 12/9/24 - Form 144
- WMG's page on the SEC website