WM
WMG
WMG What Warner Music Group promised, and what happened
Guidance
What management said, and what became of it
2 of 2 judged targets kept · 10 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Restructuring program pretax cost savings (FY23-24 program) | $260 million pretax cost savings, significant majority achieved by end of fiscal 2025 | Sep 2024 | we've done 2 restructurings between fiscal '23 and '24 which totaled $300 million. We took it out of the business and promptly reinvested it into technology but mostly into A&R in order to drive growth. | Achieved |
| Adjusted EPS growth (sustainable growth model) | double-digit adjusted EPS growth | Mar 2026 | Adjusted net income and adjusted EPS increased 21%. | On Track |
The full ledger
Open Warner Music Group’s full ledger
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The rest of the ledger
Pro opens all 12 tracked commitments for Warner Music Group
Above is what the last two calls moved. Pro adds every quarter's revision, the source quote behind each one, and the topics management has stopped answering.