WMG

In the past six months (March to September 2026), WMG's stock fluctuated despite positive financial reporting. The company reported robust revenue growth and strong operating performance for its fiscal second quarter (ended March 31, 2026) and third quarter (ended June 30, 2026). For the fiscal second quarter, total revenue increased by 18.1% (13.4% in constant currency), with recorded music revenue up 17.4% (12.7% in constant currency) and music publishing revenue up 13.9% (9.6% in constant currency), and operating income increased by 57.1% (45.1% in constant currency). For the fiscal third quarter, total revenue increased by 10% (9% in constant currency), net income was $200 million, and operating income surged by 80%, with Recorded Music subscription streaming revenue showing double-digit growth due to improved terms with DSP partners and positive industry trends. A notable corporate event was Carianne Marshall stepping down as Warner Chappell Co-Chair and Chief Operating Officer, effective September 30, 2026. Despite strong financial results, the stock price on September 18, 2026, was $28.02, lower than its price of $33.54 on September 19, 2025. Daily stock price movements in August and September 2026 ranged from $26.47 to $29.67.