Filing Flows › Warner Music Group (WMG) › Q3 FY25
Warner Music Group (WMG) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 7, 2025
Warner Music Group (WMG) reported revenue of $1.7B for the third quarter fiscal 2025 (Q3 FY25), +9% from a year earlier and +14% from the quarter before. Operating margin was 10.0%, net loss $16.0M (0.9% of revenue).
Warner Music Group, Q3 FY25: revenue $1.7B (+9% year over year), operating margin 10.0%, net loss $16.0M, operating cash flow $46.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +14% | +9% |
| Operating profit | $169M | +0.6% | — |
| Net earnings | −$16.0M | -144% | — |
| Operating cash flow | $46.0M | -33% | -76% |
| Free cash flow | $7.0M | — | -96% |
What changed
Revenue was $1.7B in Q3 FY25, up 9% year over year and up 14% from the previous quarter.
Operating profit was $0.17B, a 10.0% margin (down 3.3 points year over year). Operating profit fell $0.04B even though revenue rose $0.14B versus a year earlier, so costs grew faster than sales. Total costs grew 13% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+147%). The quarter ended with a net loss of $0.02B, after a profit of $0.04B the previous quarter. Net interest and other expense of $0.18B was the main reason.
Operating cash flow was $0.05B (down 76% year over year). Non-cash charges added back $0.10B of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $0.04B. After capital expenditures ($0.04B), free cash flow as the company reports it was $0.01B.
Questions
What was Warner Music Group's revenue in the third quarter fiscal 2025?
Warner Music Group (WMG) reported revenue of $1.7B for the third quarter fiscal 2025 (Q3 FY25), +9% from a year earlier and +14% from the quarter before.
Was Warner Music Group profitable in the third quarter fiscal 2025?
Operating profit was $169M (10.0% of revenue) and net loss $16.0M.
Source: Warner Music Group 10-Q on SEC EDGAR.