← Warner Music Group Corp.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $3.2b $3.6b $4.0b $4.5b $4.5b $5.3b $5.9b $6.0b $6.4b $6.7b
Cost of Revenue $1.7b $1.9b $2.2b $2.4b $2.3b $2.7b $3.1b $3.2b $3.4b $3.6b
Gross Profit (Calculated) $1.5b $1.6b $1.8b $2.1b $2.1b $2.6b $2.8b $2.9b $3.1b $3.1b
Operating Income (Loss) $214.0m $222.0m $217.0m $356.0m ($229.0m) $609.0m $714.0m $790.0m $823.0m $694.0m
Additional Financial Items
Amortization of Intangible Assets $243.0m $201.0m $206.0m $208.0m $190.0m $229.0m $263.0m $245.0m $224.0m $258.0m
Debt and Equity Securities, Unrealized Gain (Loss) — — — — — $17.0m — — — —
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — — — — $1.0m $1.0m $1.0m
Foreign Currency Transaction Gain (Loss), before Tax — ($24.0m) $3.0m $28.0m ($54.0m) ($3.0m) $169.0m ($38.0m) ($68.0m) ($70.0m)
Goodwill, Impairment Loss — — — — — — — — — $4.0m
Income (Loss) from Continuing Operations before Income Taxes, Domestic $35.0m ($37.0m) $347.0m $84.0m ($655.0m) $182.0m $385.0m $218.0m $67.0m $137.0m
Income (Loss) from Equity Method Investments — $1.0m — $0 — — — — — —
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $41.0m ($2.0m) $442.0m $267.0m ($447.0m) $456.0m $740.0m $609.0m $601.0m $490.0m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $30.0m $149.0m $312.0m $258.0m ($470.0m) $307.0m $555.0m $439.0m $478.0m $370.0m
Net Income (Loss) Attributable to Parent $25.0m $143.0m $307.0m $256.0m ($475.0m) $304.0m $551.0m $430.0m $435.0m $365.0m
Net Income (Loss) Attributable to Noncontrolling Interest $5.0m $6.0m $5.0m $2.0m $5.0m $3.0m $4.0m $9.0m $43.0m $5.0m
Common Stock, Dividends, Per Share, Declared — — — $0.51 ($1.77) $0.51 $0.61 $0.65 $0.69 $0.73
Selling, General and Administrative Expense $1.1b $1.2b $1.4b $1.5b $2.2b $1.7b $1.9b $1.8b $1.9b $1.9b
Other Nonoperating Income (Expense) $18.0m ($40.0m) $394.0m $60.0m ($57.0m) ($9.0m) $151.0m ($36.0m) ($61.0m) ($42.0m)
Costs and Expenses $3.0b $3.4b $3.8b $4.1b $4.7b $4.7b $5.2b $5.3b $5.6b $6.0b
General and Administrative Expense — — — — — — — — — $1.1b
Interest Expense, Debt — — — — — — — $157.0m $182.0m $177.0m
Operating Lease, Expense — — — — — $16.0m $23.0m $25.0m $26.0m $21.0m
Restructuring Costs — — — — — — — — $7.0m —
Selling and Marketing Expense — — — — — — — — — $642.0m
Income Tax Expense (Benefit) $11.0m ($151.0m) $130.0m $9.0m $23.0m $149.0m $185.0m $170.0m $123.0m $120.0m
Interest Income (Expense), Nonoperating, Net ($173.0m) ($149.0m) ($138.0m) ($142.0m) ($127.0m) ($122.0m) ($125.0m) ($141.0m) ($161.0m) ($162.0m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.