WMG Warner Music Group Corp.

XNAS 32.30 +0.00% After hours
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

WMG $32.30 ▲ +0.00%
Key stats
$32.30
After hours $32.30 +0.00%
52-Week Range
$23.34 – $35.42
YTD
+6.11%
IV Rank (30D)
31.91
Straddle Price
$3.67
P/C Vol Ratio
1.32
Market Cap
$16.6B
Open
$32.34
Day Range
$31.94 – $32.73
Volume
3,092,992
Prev Close
$31.67
Fair Value
MODEL: SHORT

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)4.88%
Beta vs SPY1.02
Cost of Equity (CAPM)10.51% (VRP-adj)
WACC9.07%
Volatility Risk Premium+16.1pp (IV − HV30), ERP adj +50bps
Effective Tax Rate23.8%
Rev. Growth (YoY, DCF input)-0.2%
DCF Horizon10 years explicit + fade
Free Cash Flow (TTM)$0.8B
Return on Equity (TTM)46.2%
Book / Price5.8%
Gross Margin (TTM)45.8%
FCF Margin (TTM)11.4%
Debt / Equity4.94
Quality Score2/6 — normal (10y DCF)
Market-Implied Growth+10.3% (reverse-DCF on current price)
SMA 50$29.37 (Market Anchor value)
SMA 20 / Bollinger Mid$31.20
Bollinger Width / SMA208.8% (drives anchor stability)
Net Debt$4.1B
Market Cap$17B
Peers used for multiples: DELL, GOOGL, LYV, META, MSGE, NVDA, SONO, SPOT
60-Day Conviction
85%
20-Day Fair Value
≈ by Dec 14, 2026
ACTIVE
$32.19
α -0.8% rank 6%
conviction
60%
40-Day Fair Value
≈ by Jan 12, 2027
ACTIVE
$31.48
α -3.0% rank 6%
conviction
80%
60-Day Fair Value
≈ by Feb 10, 2027
ACTIVE
$30.98
α -4.5% rank 6%
conviction
85%
MethodImplied PriceWeightDetail
DCF $13.41 17%
DDM (Gordon) $9.03 13%
Peer P/E $16.28 8% median 21.6× · 6 peers
Peer EV/EBITDA $45.72 8% median 17.6× · 7 peers
Peer P/B $22.06 2% median 12.1× · 6 peers
Peer P/S $47.19 5% median 3.4× · 7 peers
Market Anchor (SMA50) $29.37 34% stability 100% (BB-width)
Options Expected (B-L 30d) $31.34 14% 17 strikes · skew +0.20
As of 2026-11-13 · updated
About
Industry (SIC)
SERVICES-AMUSEMENT & RECREATION SERVICES (7900) · industry map
Exchange
XNAS
Market Cap
$16.6B
Employees
5,500
List Date
2020-06-03
CIK
0001319161
Next Earnings
2026-11-19 (Pre-Market)
EPS Forecast
$0.36
Headquarters
New York, NY
Homepage
https://www.wmg.com

Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists …

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart

Markers: E earnings, with the move options implied and the move that happened (amber when the stock moved more than implied) · ▲ ▼ insider open-market buys and sales, sized by dollar value · S splits. Intraday times are New York time; shaded bars are pre-market and after-hours.

Seasonality
'21'22'23'24'25'26Avg
Jan-4.83%-1.05%3.11%1.87%1.60%-1.51%-0.14%
Feb-0.08%-18.52%-14.68%-5.93%5.64%-5.30%-6.48%
Mar-8.23%5.99%6.92%-6.93%-5.63%-10.29%-3.03%
Apr11.58%-19.50%-9.21%-0.24%-2.78%9.74%-1.74%
May-6.19%-2.27%-21.31%-10.92%-12.41%12.72%-6.73%
Jun1.44%-16.95%6.97%-1.51%4.89%-13.04%-3.03%
Jul4.86%22.10%20.97%-0.79%5.14%-6.55%7.62%
Aug2.70%-14.03%5.92%-1.45%16.49%12.39%3.67%
Sep11.86%-14.76%-6.69%12.03%2.87%-1.29%0.67%
Oct10.79%7.79%0.68%1.82%-6.66%13.20%4.60%
Nov-11.34%28.45%5.35%0.96%-8.37%4.78%*3.30%
Dec1.24%2.37%3.47%-3.64%8.66%--2.42%
Total11.00%-29.19%-5.68%-15.30%5.93%10.68%-3.76%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $31.25
SMA 50: $29.42
SMA 200: $28.65
Current: $32.30
EMA 12: $31.54
EMA 26: $30.79
MACD: 0.7500 | Signal: -0.0013
BULLISH
ADX (14): 26.09
TREND
+DI: 31.98
−DI: 15.49

Momentum Oscillators

RSI (14): 63.74
NEUTRAL
Stoch %K: 68.75
Stoch %D: 66.48
Williams %R: -22.07

Volume & Volatility

BB Upper: $32.70
BB Lower: $29.80
NEUTRAL
OBV: 19,480,718
Vol SMA 20: 1,980,213
Vol ROC: 24.54%
ATR: $0.87
True Range: $1.06
HV 20: 29.1%
HV 30: 31.6%
HV 60: 29.1%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-11-15T00:00:00 – 2026-11-13T00:00:00
AI Analysis
Written before WMG’s Aug 5 earnings report, so it doesn’t reflect the results.

LLM Stock Analysis Report

Executive Summary

Overall Assessment: NEUTRAL (Confidence Level: 6/10)

Key Drivers:

  • Technical indicators suggest a consolidation phase with neutral momentum signals
  • Low volatility indicates reduced market risk, but options activity shows bearish sentiment
  • Recent news headlines unavailable, limiting narrative impact

Primary Risks:

  • Potential for mean reversion from overbought RSI levels
  • Bearish options sentiment may persist if earnings disappoint

Investment Thesis: WMG appears to be in a consolidation phase, with neutral momentum signals and low volatility. While recent news is lacking, the stock's relatively stable performance suggests it may be a defensive play during market uncertainty.

Recent News Sentiment Impact: N/A (no recent news available)

Technical Analysis

Trend Direction:

  • Short-term: NEUTRAL (SMA 20, SMA 50, and EMA 12 converge)
  • Medium-term: BULLISH (SMA 200 and EMA 26 indicate a longer-term uptrend)
  • Long-term: BEARISH (MACD bearish crossover)

Support/Resistance Levels:

  • Upper resistance: $30.20 (Bollinger Bands upper band)
  • Middle support: $28.52 (SMA 20 and Bollinger Bands middle band)
  • Lower support: $26.85 (Bollinger Bands lower band)

Momentum Signals:

  • RSI (14): 58.81 (neutral)
  • MACD: bearish crossover
  • Bollinger Bands: neutral signal

Volume Analysis:

  • Volume SMA 20: 2477750.35 (no clear trends)
  • On-Balance Volume (OBV): 4482006.00 (no significant changes)
  • Volume Rate of Change: -64.73% (decreasing volume)

News & Sentiment Analysis

Recent Headlines Summary: N/A (no recent news available)

Sentiment Assessment: N/A (no recent news available)

Catalyst Identification: None

Market Narrative: N/A (no recent news available)

Risk & Volatility Assessment

Risk Assessment:

  • Beta: 0.51 (low volatility, less than market)
  • Alpha: -0.08 (alpha relative to market)
  • Correlation: 0.37 (moderate correlation with market)

Volatility Regime: Low (stock moves less than market)

Options Market Signals:

  • IV Rank: 25.2% (Medium - historically high volatility)
  • Current IV: 53.9%
  • Expected Move: $1.65 (21 DTE), 7-DTE: $1.65
  • Volume Flow: Bearish sentiment (138 calls vs 671 puts)
  • Open Interest: Bearish bias (12,873 calls vs 1,676 puts)

Downside Protection:

  • Support levels: $28.52 and $26.85
  • Risk management considerations: Stop-loss at $27.50 or lower

Market Context & Positioning

Sector Performance: NEUTRAL (WMG performance aligned with sector)

Institutional Activity: MODERATE (volume patterns suggest institutional interest, but no clear trends)

Correlation Analysis: 0.37 (moderate correlation with market)

Relative Valuation: DEFENSIVE (position within trading range)

Key Levels & Action Items

Critical Price Levels:

  • $30.20 (upper resistance)
  • $28.52 (middle support)
  • $26.85 (lower support)

Breakout/Breakdown Levels:

  • $31.00 (potential breakout level)
  • $27.50 (potential breakdown level)

Time-Sensitive Catalysts: None

Risk Management: Stop-loss at $27.50 or lower, consider position sizing adjustments based on market conditions.

Note: This analysis focuses on the provided data and does not include any buy/sell advice. The reader should assess their individual risk tolerance and market context before making investment decisions.

Generated
News
All WMG news →
Earnings History
19 of 22 under expected move
Avg Expected Move
6.57%
Avg Actual Move
2.99%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2021-02-01 After-Close 10.90% 6.96% 0.64x Within
2021-05-04 After-Close 4.93% 1.14% 0.23x Within
2021-08-03 After-Close 4.02% 2.65% 0.66x Within
2021-11-15 After-Close 2.76% 3.77% 1.37x Exceeded
2022-02-08 After-Close 7.21% 2.15% 0.30x Within
2022-05-10 After-Close 5.70% 1.51% 0.26x Within
2022-08-09 After-Close 4.27% 1.32% 0.31x Within
2022-11-22 After-Close 9.17% 3.54% 0.39x Within
2023-02-09 After-Close 2.31% 2.17% 0.94x Within
2023-05-09 After-Close 12.23% 1.79% 0.15x Within
2023-08-08 After-Close 6.72% 1.07% 0.16x Within
2023-11-16 After-Close 2.08% 1.82% 0.88x Within
2024-02-07 After-Close 6.63% 2.49% 0.38x Within
2024-08-07 After-Close 5.58% 0.87% 0.16x Within
2024-11-21 After-Close 7.22% 2.15% 0.30x Within
2025-02-06 After-Close 3.31% 3.06% 0.92x Within
2025-05-08 Pre-Market 6.81% 7.94% 1.17x Exceeded
2025-08-07 Pre-Market 7.99% 3.70% 0.46x Within
2025-11-20 After-Close 2.69% 3.37% 1.25x Exceeded
2026-02-05 After-Close 7.89% 3.05% 0.39x Within
2026-05-07 After-Close 8.05% 7.47% 0.93x Within
2026-08-05 After-Close 16.06% 1.69% 0.11x Within

Earnings calendar: this week’s reports with expected vs actual moves →

WMG Options Activity & IV Rank

WMG IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 44.2%
7-DTE IV: 62.0%
Expected Move: $3.67
7-DTE Move: $2.27
Days to Exp: 35 (2026-12-18)

Options Flow · All expiries

Call Volume: 241
Put Volume: 319
P/C Volume: 1.324
BEARISH
Call OI: 25,200
Put OI: 1,064
P/C OI: 0.042
Total OI: 26,264

ATM Options Pricing

ATM Call: $1.80
ATM Put: $1.88
Call %: 5.6%
Put %: 5.8%

Chain Summary

Chain Volume: 560
Chain OI: 26,264
Last Updated: 11/13/2026
Spread Scanner
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Scanning bull put, bear call, iron condor and calendar spreads…

Dealer Positioning
HIGH γ vs HISTORY

Estimated net dealer gamma is at the 88th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
88%
vs own history
GEX tilt
+0.94
OI-weighted, today
Vanna tilt
+0.70
δ-sensitivity to IV
Charm tilt
-0.91
δ-decay vs time
Vanna tilt +0.70: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.91: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 29 ATM contracts, 12k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Put vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Call vs ATM
IV(call wing) − IV(ATM), in vol points

The same measure on the upside: how the OTM call is priced against the at-the-money strike.

  • Negative (typical) — calls trade below ATM for most stocks and indices, so the sign alone says little.
  • Percentile vs own history: high = upside calls unusually rich for this name (squeezes, takeover talk, commodity supply scares); low = calls cheaper than usual.
Reading them together

Put or call vs ATM tells you how expensive that tail is. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d put —
— pts EXTREME
No data
30 DTE / 10d put —
— pts EXTREME
ATM 46.1% / Put —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Loading the implied volatility surface…

Volatility Smile

Loading the implied volatility smile…

IV Rank (7 DTE)49.8MediumNov 13
IV Rank (30 DTE)31.9MediumNov 13

Embed WMG IV rank

WMG's 30-day IV rank (90 sessions) with its 52-week rank, at-the-money IV and a 90-session trend. Updates after each close. Paste the code into any web page or blog post. Email newsletters drop iframes, so link to the page there.

Theme
Preview
Straddle Price (30 DTE)$3.67Nov 13
Beta Analysis

Risk Metrics

Beta: 0.4888
Alpha: 6.84%
Correlation: 0.1895
R-Squared: 3.6%
Stock Volatility: 35.2%
Market Volatility: 13.6%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own WMG
5 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Point72 Hedge fund
Steve Cohen
$51.8M
0.08%
#318 of 1945-23.2%13F
Millennium Management Hedge fund
Izzy Englander
$43.5M
0.03%
#683 of 3716-52.5%13F
Renaissance Technologies Hedge fund
Jim Simons
$32.1M
0.04%
#503 of 3138-22.0%13F
Citadel Hedge fund
Ken Griffin
$25.2M
0.01%
#1021 of 6285-69.7%13F
Rockefeller Capital Management Family office
Rockefeller family
$16.9M
0.03%
#538 of 4729+52698.7%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

WMG Institutional Ownership (13F)

Filings for 2026-06-30 · 143 already for 2026-09-30
Diluted shares outstanding: 297,919,750 (as of 2026-06-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

355 filers158,149,960 shares$4.28B value53.08% of float
# Filer Shares Value % of Total % of Float Period
1 Independent Franchise Partners LLP 12,997,804 $351.85M 8.21% 4.36% 2026-06-30
2 Darsana Capital Partners LP 11,943,199 $323.30M 7.55% 4.01% 2026-06-30
3 JPMorgan Chase & Co Custodian 11,188,756 $297.68M 6.95% 3.76% 2026-06-30
4 BlackRock, Inc. Custodian 10,209,746 $276.38M 6.45% 3.43% 2026-06-30
5 BARROW HANLEY MEWHINNEY & STRAUSS LLC 8,909,122 $241.17M 5.63% 2.99% 2026-06-30
6 DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP 6,705,884 $181.53M 4.24% 2.25% 2026-06-30
7 Vanguard Capital Management LLC 6,221,543 $168.42M 3.93% 2.09% 2026-06-30
8 Vanguard Portfolio Management LLC 5,885,298 $159.32M 3.72% 1.98% 2026-06-30
9 FIL Ltd 5,827,313 $157.75M 3.68% 1.96% 2026-06-30
10 Goldman Sachs Group Inc Custodian 4,977,489 $134.74M 3.14% 1.67% 2026-06-30
11 Thrivent Financial for Lutherans 3,867,291 $106.78M 2.49% 1.30% 2026-09-30
12 COOKE & BIELER LP 3,306,697 $91.30M 2.13% 1.11% 2026-09-30
13 Geode Capital Management, LLC Custodian 3,019,310 $83.39M 1.95% 1.01% 2026-09-30
14 State Street Corp 2,701,899 $73.14M 1.71% 0.91% 2026-06-30
15 Qube Research & Technologies Ltd 2,544,216 $68.87M 1.61% 0.85% 2026-06-30
16 FMR LLC Custodian 2,515,422 $68.09M 1.59% 0.84% 2026-06-30
17 Morgan Stanley Custodian 2,408,509 $65.20M 1.52% 0.81% 2026-06-30
18 AQR Capital Management, LLC Custodian 2,436,958 $64.53M 1.51% 0.82% 2026-06-30
19 Point72 Asset Management, L.P. 1,912,689 $51.78M 1.21% 0.64% 2026-06-30
20 UBS Group AG Custodian 1,892,477 $51.23M 1.20% 0.64% 2026-06-30
21 DigitalBridge Group, Inc. 1,778,671 $48.15M 1.12% 0.60% 2026-06-30
22 HARRIS ASSOCIATES L P 1,611,030 $43.61M 1.02% 0.54% 2026-06-30
23 Millennium Management LLC Custodian 1,606,010 $43.47M 1.01% 0.54% 2026-06-30
24 WESTWOOD HOLDINGS GROUP INC 1,603,556 $43.41M 1.01% 0.54% 2026-06-30
25 FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC 1,543,876 $41.79M 0.98% 0.52% 2026-06-30
11 filers$52.00M notional
# Filer Notional Value % of Total Period
1 Jane Street Group, LLC Custodian $15.29M 29.41% 2026-06-30
2 Citadel Advisors LLC Custodian $15.22M 29.27% 2026-06-30
3 Goldman Sachs Group Inc Custodian $9.57M 18.40% 2026-06-30
4 GROUP ONE TRADING LLC Custodian $6.53M 12.56% 2026-06-30
5 IMC-Chicago, LLC Custodian $2.77M 5.33% 2026-09-30
6 PEAK6 LLC $1.15M 2.20% 2026-06-30
7 SIG BROKERAGE, LP $622.61K 1.20% 2026-06-30
8 Susquehanna International Group, LLP Custodian $498.09K 0.96% 2026-06-30
9 Walleye Trading LLC $270.70K 0.52% 2026-06-30
10 Simplex Trading, LLC Custodian $74.55K 0.14% 2026-09-30
11 Walleye Capital LLC $5.41K 0.01% 2026-06-30
5 filers$106.83M notional
# Filer Notional Value % of Total Period
1 Jane Street Group, LLC Custodian $106.18M 99.39% 2026-06-30
2 IMC-Chicago, LLC Custodian $477.65K 0.45% 2026-09-30
3 Walleye Trading LLC $102.87K 0.10% 2026-06-30
4 GROUP ONE TRADING LLC Custodian $70.38K 0.07% 2026-06-30
5 Simplex Trading, LLC Custodian $5.52K <0.01% 2026-09-30

WMG Insider Trading (Form 4)

Latest: 2026-09-03
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-09-03 Noreena Hertz Director Award (A) +45 — EDGAR
2026-09-03 Nancy Dubuc Director Award (A) +45 — EDGAR
2026-09-03 Cecelia Kurzman Director Award (A) +84 — EDGAR
2026-09-03 Michael Lynton Director Award (A) +122 — EDGAR
2026-09-03 Mathias Dopfner Director Award (A) +45 — EDGAR
2026-09-03 Ynon Kreiz Director Award (A) +45 — EDGAR
2026-06-04 Nancy Dubuc Director Award (A) +38 — EDGAR
2026-06-04 Mathias Dopfner Director Award (A) +38 — EDGAR
2026-06-04 Cecelia Kurzman Director Award (A) +38 — EDGAR
2026-06-04 Michael Lynton Director Award (A) +56 — EDGAR
2026-06-04 Noreena Hertz Director Award (A) +38 — EDGAR
2026-06-04 Ynon Kreiz Director Award (A) +38 — EDGAR
2026-05-26 Armin Zerza COO & CFO Gift (G) −27,521 — EDGAR
2026-05-18 Armin Zerza COO & CFO Mixed
Grant +209,132 · Tax −27,064
 +182,068 $33.60 -$909.4K EDGAR
2026-04-20 Valentin Blavatnik Director Other (J) +280,000 RSU — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

WMG Insider Holdings

20 insiders · @ $32.45
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Access Industries Holdings LLC 1,518,536 $49.28M -$1.37B 2 2024-12-23
2 Robert Kyncl CEO 774,379 $25.13M $0 3 2026-01-06
3 Armin Zerza COO & CFO 436,187 $14.15M $1.01M 4 2026-05-26
4 Lincoln E Benet Director 242,360 $7.86M -$9.32M 11 2024-12-23
5 Guy Moot Co-Chair & CEO Warner Chappell 242,206 $7.86M $0 6 2026-01-06
6 Carianne Marshall Co-Chair & COO Warner Chappell 242,206 $7.86M $0 6 2026-01-06
7 Carletta Higginson EVP, Chief Digital Officer 200,596 $6.51M $0 3 2026-01-06
8 Bryan Castellani Chief Financial Officer 145,244 $4.71M $0 3 2025-01-07
9 Paul M Robinson EVP & General Counsel 104,082 $3.38M $0 6 2026-01-06
10 Valentin Blavatnik Director 104,074 $3.38M -$1.00M 4 2026-04-20
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

WMG Board & Officers

As of SEC filings through Sep 3, 2026

Directors 11

Officers 9

  • Guy Moot · Co-Chair & CEO Warner Chappell · since Jun 2, 2020
  • Robert Kyncl · CEO · since Jan 1, 2023
  • Louis Dickler · Acting CFO & Corp. Contr. · since Nov 11, 2021
  • Thomas Charles Corson · Chief Operating Officer · since Jul 31, 2026
  • James Steven · EVP, Chief Comm. Officer · since Jun 2, 2020
  • Maria Osherova · EVP, Chief Human Res. Officer · since Jun 2, 2020
  • Carletta Higginson · EVP, Chief Digital Officer · since Oct 16, 2023
  • Hannah Jasmine Karp · EVP, Chief Comm. Officer · since Jan 26, 2026
  • Paul M Robinson · EVP & General Counsel · listed since Jan 2023

10% owners 8

Changes in the last 10 years (49)
Jul 31, 2026Thomas Charles Corson became Chief Operating Officer
Jul 31, 2026The company announced the departure of Armin Zerza as COO & CFO in an SEC filing
May 18, 2026Armin Zerza listed as COO & CFO (previously Chief Financial Officer) in SEC filings
Apr 20, 2026Len Blavatnik first listed as a 10% owner in an SEC filing
Apr 20, 2026Access Industries, LLC first listed as a 10% owner in an SEC filing
Apr 20, 2026Access Industries Management, LLC first listed as a 10% owner in an SEC filing
Apr 20, 2026Access Industries Holdings LLC first listed as a 10% owner in an SEC filing
Apr 20, 2026Access Industries Core Holdings LLC first listed as a 10% owner in an SEC filing
Apr 20, 2026AIBFF, Inc. first listed as a 10% owner in an SEC filing
Jan 26, 2026Hannah Jasmine Karp became EVP, Chief Comm. Officer
Oct 15, 2025Robert Kyncl first listed as a director in an SEC filing
May 5, 2025Armin Zerza became Chief Financial Officer
Apr 14, 2025The company announced the departure of Bryan Castellani as Chief Financial Officer in an SEC filing
Oct 16, 2023Carletta Higginson became EVP, Chief Digital Officer
Oct 16, 2023Bryan Castellani became Chief Financial Officer
Apr 27, 2023Valentin Blavatnik became a director
Mar 16, 2023Len Blavatnik first listed as a director in an SEC filing
Mar 6, 2023Entertainment Holdings II LLC became a 10% owner
Jan 31, 2023The company announced the departure of Stephen Forbes Cooper from the board in an SEC filing
Jan 12, 2023Timothy Matusch became EVP Strategy & Operations
Not reported recently (8)
  • Carianne Marshall · Last reported as Co-Chair & COO Warner Chappell in an SEC filing dated Jan 6, 2026
  • Timothy Matusch · Last reported as EVP Strategy & Operations in an SEC filing dated Apr 4, 2025
  • Max Lousada · Last reported as CEO, Recorded Music in an SEC filing dated Sep 13, 2024
  • Alex Blavatnik · Last reported as a director in an SEC filing dated Feb 28, 2023
  • Eric Levin · Last reported as EVP & Chief Financial Officer in an SEC filing dated Jan 6, 2023
  • Oana Ruxandra · Last reported as CDO & EVP Business Dev. in an SEC filing dated Jan 6, 2023
  • Thomas H Lee · Last reported as a director in an SEC filing dated Mar 2, 2022
  • Tencent Holdings Ltd · Last reported as a 10% owner in an SEC filing dated Jun 12, 2020
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

WMG Proposed Insider Sales (Form 144)

Latest: 2026-10-07
Last 30d: 0 filings  ·  Last 90d: 2 filings · $2.4M notice value · 1 unique filer

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: Armin Zerza (2, $2.4M)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-10-07 ZERZA ARMIN Former Officer 20,245 $552.5K 2026-10-07 Fidelity Brokerage Services LLC — EDGAR
2026-09-03 Armin Zerza Officer 63,299 $1.87M 2026-09-03 Goldman Sachs & Co. LLC — EDGAR
2025-04-02 Matusch Timothy Officer 1,000 $31.4K 2025-04-02 Fidelity Brokerage Services LLC — EDGAR
2025-02-14 Matusch Timothy Officer 1,103 $40.2K 2025-02-14 Fidelity Brokerage Services LLC — EDGAR
2025-02-12 Osherova Maria Officer 6,553 $222.2K 2025-02-12 Fidelity Brokerage Services LLC — EDGAR
2024-12-11 MAX GEORGE LOUSADA Affiliate 385,475 $12.52M 2024-12-11 Morgan Stanley Smith Barney LLC … — EDGAR
2024-12-10 MAX GEORGE LOUSADA Affiliate 458,534 $14.77M 2024-12-10 Morgan Stanley Smith Barney LLC … — EDGAR
2024-12-09 MAX GEORGE LOUSADA Affiliate 25,000 $808.8K 2024-12-09 Morgan Stanley Smith Barney LLC … — EDGAR
2024-09-03 MAX GEORGE LOUSADA Affiliate 934,467 $26.40M 2024-09-03 Morgan Stanley Smith Barney LLC … — EDGAR
2023-12-05 MAX GEORGE LOUSADA Affiliate 869,008 $28.99M 2023-12-05 Morgan Stanley Smith Barney LLC … — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-11-09
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Event Link
2026-11-09 Other events EDGAR
2026-09-25 Material agreement EDGAR
2026-09-22 Director or officer change EDGAR
2026-09-04 Director or officer change EDGAR
2026-08-05 Earnings results · Other events EDGAR
2026-08-03 Earnings results · Regulation FD disclosure EDGAR
2026-07-31 Director or officer change EDGAR
2026-05-07 Earnings results EDGAR
2026-03-11 Material agreement · New debt obligation EDGAR
2026-03-06 Shareholder vote results EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
2025-11-20 0001319161-25-000034 EDGAR
2024-11-21 0001319161-24-000039 EDGAR
2023-11-21 0001319161-23-000036 EDGAR
2022-11-22 0001319161-22-000035 EDGAR
2021-11-23 0001319161-21-000036 EDGAR
2020-11-23 0001319161-20-000032 EDGAR
2019-11-27 0001319161-19-000010 EDGAR
2018-12-20 0001564590-18-031166 EDGAR
2017-12-05 0001564590-17-024528 EDGAR
2016-12-08 0001564590-16-029963 EDGAR
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-08-05 0001319161-26-000032 EDGAR
2026-05-07 0001319161-26-000022 EDGAR
2026-02-09 0001319161-26-000010 EDGAR
2025-08-07 0001319161-25-000023 EDGAR
2025-05-08 0001319161-25-000016 EDGAR
2025-02-06 0001319161-25-000007 EDGAR
2024-08-07 0001319161-24-000027 EDGAR
2024-05-09 0001319161-24-000020 EDGAR
2024-02-08 0001319161-24-000010 EDGAR
2023-08-08 0001319161-23-000027 EDGAR
ETF Holders
105 ETFs hold WMG
25 shown · $695.06M total exposure · 0.08% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 IJH iShares Core S&P Mid-Cap ETF iShares (BlackRock) 0.14% $170.2M $124.0B 2026-11-11
2 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.01% $122.2M — 2026-09-30
3 VB Vanguard Morningstar Small-Cap ETF Vanguard 0.05% $87.2M — 2026-09-30
4 VBK Vanguard Morningstar Small-Cap Growth ETF Vanguard 0.11% $48.6M — 2026-09-30
5 VXF Vanguard Extended Market ETF Vanguard 0.05% $45.9M — 2026-09-30
6 MDY State Street® SPDR® S&P MIDCAP 400® ETF Trust SPDR (State Street) 0.13% $35.2M $26.1B 2026-11-11
7 SPMD State Street® SPDR® Portfolio S&P 400™ Mid Cap ETF SPDR (State Street) 0.14% $25.9M $19.1B 2026-11-11
8 SCHA Schwab U.S. Small-Cap ETF Nport 0.09% $19.7M — 2026-08-31
9 IJK iShares S&P Mid-Cap 400 Growth ETF iShares (BlackRock) 0.14% $15.4M $10.4B 2026-11-11
10 RSMC Rockefeller U.S. Small-Mid Cap ETF Nport 1.89% $14.4M — 2026-07-31
11 VOX Vanguard Communication Services ETF Vanguard 0.20% $12.8M — 2026-09-30
12 DGRO iShares Core Dividend Growth ETF iShares (BlackRock) 0.03% $12.0M $45.9B 2026-11-11
13 IJJ iShares S&P Mid-Cap 400 Value ETF iShares (BlackRock) 0.13% $11.1M $8.7B 2026-11-11
14 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.01% $10.5M — 2026-11-11
15 AQEC AQE Core ETF Nport 1.44% $8.3M — 2026-06-30
16 DON WisdomTree U.S. Midcap Dividend Fund Nport 0.20% $7.9M — 2026-06-30
17 IVOO Vanguard S&P Mid-Cap 400 ETF Vanguard 0.12% $6.8M — 2026-09-30
18 ITOT iShares Core S&P Total U.S. Stock Market ETF iShares (BlackRock) 0.01% $6.0M $96.0B 2026-11-11
19 FYC First Trust Small Cap Growth AlphaDEX® Fund First Trust 0.43% $5.9M $1.4B 2026-11-11
20 CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF Nport 0.81% $5.8M — 2026-06-30
21 FNDA Schwab Fundamental U.S. Small Company ETF Nport 0.06% $5.6M — 2026-08-31
22 DGRW WisdomTree U.S. Quality Dividend Growth Fund Nport 0.03% $5.3M — 2026-06-30
23 RWK Invesco S&P MidCap 400 Revenue ETF Invesco 0.32% $4.4M — 2026-11-11
24 MDYG State Street® SPDR® S&P 400™ Mid Cap Growth ETF SPDR (State Street) 0.15% $4.2M $2.9B 2026-11-11
25 HELO JPMorgan Hedged Equity Laddered Overlay ETF JPMorgan 0.08% $3.7M $4.9B 2026-11-12
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
25.96
TTM Diluted EPS
$1.25
TTM Revenue
$7.30B
TTM Net Income
$395.00M
TTM Op. Cash Flow
$939.00M
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q3 '262026-06-30$1.86B$58.00M$0.38$142.00M
Q2 '262026-03-31$1.73B$130.00M$0.34$126.00M
Q1 '262025-12-31$1.84B$176.00M$0.33$440.00M
Q4 '252025-09-30$1.87B$31.00M$0.20$231.00M
Q3 '252025-06-30$1.69B$-4.00M$-0.03$46.00M
Q2 '252025-03-31$1.48B$26.00M$0.07$69.00M
Q1 '252024-12-31$1.67B$236.00M$0.45$332.00M
Q4 '242024-09-30$1.63B$10.00M$0.08$304.00M
Q3 '242024-06-30$1.55B$37.00M$0.27$188.00M
Q2 '242024-03-31$1.49B$96.00M$0.18$-31.00M
Q1 '242023-12-31$1.75B$159.00M$0.30$293.00M
Q4 '232023-09-30$1.59B$-165.00M$0.29$338.00M
Q3 2026 • period ending 2026-06-30 • filed 2026-08-05
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
25.96
P/B
10.14
P/S
1.32
EV/EBITDA
8.63
EV/Sales
1.88
ROE
41.4%
ROA
3.7%
Div Yield
2.40%
FCF Yield
9.71%
Debt/Equity
4.94
Current Ratio
—
Market Cap
$9.67B
as of 2026-11-13

WMG vs Peers

Related companies, largest first
Company Market cap P/E Revenue growth YTD IV rank
NVDA Nvidia Corp $4.01T 20.6 +83.4% −13.8% 95
GOOGL Alphabet Inc. Class A Common Stock $3.67T 15.4 +22.2% −6.3% 49
META Meta Platforms, Inc. Class A Common Stoc $1.59T 21.9 +27.5% −1.3% 31
DELL Dell Technologies Inc. $236.0B 27.4 +38.6% +169.0% 80
SPOT Spotify Technology S.A. $123.0B — — +6.6% 7
LYV Live Nation Entertainment Inc. $42.5B — +10.8% +23.3% 17
WMG Warner Music Group Corp. Class A Common $16.6B 26.0 +12.9% +6.6% 21
MSGE Madison Square Garden Entertainment Corp $3.7B 39.0 +16.4% +45.6% 29
SONO Sonos, Inc. Common Stock $2.1B 41.0 +5.6% +3.1% 16
Peer median $179.5B 24.6 +22.2% +4.9% 30

P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.

Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
10.13M
SI % of Float
6.91%
Days to Cover
4.27
Short Vol Ratio
63.3%
Free Float
146.61M
Float %
99.2%
Short interest 2026-10-15 • Short volume 2026-11-12 • Float 2026-08-14