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Warner Music Group (WMG) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 8, 2025
Warner Music Group (WMG) reported revenue of $1.5B for the second quarter fiscal 2025 (Q2 FY25), -0.7% from a year earlier and -11% from the quarter before. Operating margin was 11.3%, net earnings $36.0M (2.4% of revenue).
Warner Music Group, Q2 FY25: revenue $1.5B (-0.7% year over year), operating margin 11.3%, net earnings $36.0M, operating cash flow $69.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -11% | -0.7% |
| Operating profit | $168M | -21% | +41% |
| Net earnings | $36.0M | -85% | -62% |
| Operating cash flow | $69.0M | -79% | — |
| Free cash flow | $33.0M | — | — |
What changed
Revenue was $1.5B in Q2 FY25, down 1% year over year and down 11% from the previous quarter.
Operating profit was $0.17B, a 11.3% margin (up 3.4 points year over year). Total costs fell 4% while revenue fell 1%. Net earnings were $0.04B, down 62% year over year. The effective tax rate was 44.6%.
Operating cash flow was $0.07B, 192% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization. Working capital and other items used $0.06B. After capital expenditures ($0.04B), free cash flow as the company reports it was $0.03B.
Questions
What was Warner Music Group's revenue in the second quarter fiscal 2025?
Warner Music Group (WMG) reported revenue of $1.5B for the second quarter fiscal 2025 (Q2 FY25), -0.7% from a year earlier and -11% from the quarter before.
Was Warner Music Group profitable in the second quarter fiscal 2025?
Operating profit was $168M (11.3% of revenue) and net earnings $36.0M.
Source: Warner Music Group 10-Q on SEC EDGAR.