Warner Music Group Corp. (WMG) Revenue by Segment
Warner Music Group revenue by segment at a glance
In Q3 fiscal 2026 (the quarter ended June 30, 2026), Warner Music Group's largest business segment was Recorded Music, with $1.49 billion or 80% of revenue, up 9.9% from a year earlier. Next: Music Publishing (20%).
By product or service, Digital and Physical brought in 62%, Digital brought in 13% and Artist Services and Expanded Rights brought in 12% of revenue in Q3 fiscal 2026.
By region, Non-US brought in 58% and United States brought in 42% of revenue in Q3 fiscal 2026.
The fastest-growing business segment from a year earlier was Music Publishing (+12.2%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q1 fiscal 2018.
Warner Music Group Corp.
Revenue breakdown
Fiscal quarters, from company filings
Warner Music Group revenue by business segment, last 4 quarters
| Business segment | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q3 FY25 | Share |
|---|---|---|---|---|---|
| Recorded Music | $1.5B | $1.4B | $1.5B | $1.4B | 80% |
| Music Publishing | $377.0M | $353.0M | $362.0M | $336.0M | 20% |
In USD, fiscal quarters as reported; share = part of Q3 FY26 revenue.
Warner Music Group revenue by product or service, last 4 quarters
| Product or service | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q3 FY25 | Share |
|---|---|---|---|---|---|
| Digital and Physical | $1.2B | $1.1B | $1.1B | $1.0B | 62% |
| Digital | $235.0M | $224.0M | $215.0M | $204.0M | 13% |
| Artist Services and Expanded Rights | $224.0M | $164.0M | $231.0M | $195.0M | 12% |
| Licensing | $111.0M | $104.0M | $121.0M | $111.0M | 6% |
| Synchronization | $60.0M | $50.0M | $60.0M | $54.0M | 3% |
| Performance | $59.0M | $58.0M | $64.0M | $58.0M | 3% |
| Mechanical | $19.0M | $17.0M | $18.0M | $16.0M | 1% |
| Other | $4.0M | $4.0M | $5.0M | $4.0M | under 1% |
In USD, fiscal quarters as reported; share = part of Q3 FY26 revenue.
Warner Music Group revenue by region, last 4 quarters
| Region | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q3 FY25 | Share |
|---|---|---|---|---|---|
| Non-US | $1.1B | $990.0M | $1.1B | $968.0M | 58% |
| United States | $781.0M | $743.0M | $767.0M | $722.0M | 42% |
In USD, fiscal quarters as reported; share = part of Q3 FY26 revenue.
Questions and answers
What are Warner Music Group's business segments?
Recorded Music and Music Publishing (as reported for Q3 fiscal 2026).
Which business segment makes the most money for Warner Music Group?
Recorded Music: $1.49 billion, or 80% of revenue, in Q3 fiscal 2026.
What are Warner Music Group's main products and services?
By revenue in Q3 fiscal 2026: Digital and Physical (62%), Digital (13%), Artist Services and Expanded Rights (12%) and Licensing (6%).
Where does Warner Music Group make its money?
By region in Q3 fiscal 2026: Non-US (58%) and United States (42%).
