WMG

Warner Music Group Corp.
NasdaqGSUSDEQUITY Communication Services DELAYED
Last price
27.13
▲ 0.03 (0.11%)
MARKET ·

Price

Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
27.10
Prev close
27.10
Day high
27.34
Day low
26.94
Volume
1.66M
Market cap
$14.19B
P/E (TTM)
21.70
52W range
23.34 – 35.42

Day trading desk

Current session · delayed
Gap from prior close
-0.00%
Prior close 27.10
VWAP
27.18
-0.17% from price
Relative volume
0.73×
Normal
Session range
7.67%
26.93 – 29.00
Position in range
9%
Near session low
ATR (14D)
0.87
3.21% of price
Prior day high
27.79
PDH
Prior day low
26.89
PDL
Bid / ask spread
Quote not published
Session volume
1.66M
Avg 2.27M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+5.77% +7.1%
1M
+1.99% -1.7%
3M
-21.54% -24.6%
6M
-9.23% -20.3%
YTD
-11.54% -23.8%
1Y
-16.37% -36.4%
3Y
-19.28% -93.4%
5Y

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Flagged1
Total notional$510.82K
Call notional$510.82K
Put notional$0
Tiltcall-weighted
Likely opening1 of 1
SideStrikeExpiryVolumeOpen int. Vol / OINotionalIV PrintScore
CALL 34.00 Nov 20, 26
88d
4.87K 4.86K 1.0× $510.82K 60% mid
50
How this is calculated, and what it cannot see

A contract is flagged when today's volume approaches or exceeds its open interest, the position is worth at least $40,000, and at least 150 contracts changed hands. Open interest is what was outstanding at yesterday's close, so volume above it means the flow cannot all be closing — something is being opened.

The score weights four things: volume against open interest, dollar notional, volume against the rest of that chain, and where the last print sat inside the bid/ask spread.

What it cannot see. Volume here is a daily total, so ten small orders and one large one are indistinguishable — this is not block or sweep detection, which needs exchange-level time and sales. The print column compares the last trade to the current quote, which is a proxy for who was the aggressor, not a tagged flag. Quotes are delayed. A single large trade can be a hedge, a roll, or one leg of a spread, and none of those mean what a naked directional bet would mean.

Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on WMG open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
Net transactions
0
Buys less sells
Sell : buy shares
Not enough filings
Insider-held shares
5.49M
Total on file

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Jun 2, 26
LYNTON MICHAEL M
Director
STOCK 56 $0 Direct
Jun 2, 26
DOPFNER MATHIAS
Director
STOCK 38 $0 Direct
Jun 2, 26
KURZMAN CECELIA
Director
STOCK 38 $0 Direct
Jun 2, 26
KREIZ YNON
Director
STOCK 38 $0 Indirect
Jun 2, 26
HERTZ NOREENA
Director
STOCK 38 $0 Direct
Jun 2, 26
DUBUC-KIZILBASH NANCY
Director
STOCK 38 $0 Direct
May 21, 26
ZERZA ARMIN
Chief Operating Officer
STOCK 27.52K $0 Direct
May 12, 26
ZERZA ARMIN
Chief Operating Officer
STOCK 209.13K $0 Direct
Mar 4, 26
LYNTON MICHAEL M
Director
STOCK 9.01K $0 Direct
Mar 4, 26
DOPFNER MATHIAS
Director
STOCK 6.19K $0 Direct
Mar 4, 26
KURZMAN CECELIA
Director
STOCK 6.19K $0 Direct
Mar 4, 26
KREIZ YNON
Director
STOCK 6.19K $0 Indirect
Mar 4, 26
HERTZ NOREENA
Director
STOCK 6.19K $0 Direct
Mar 4, 26
DUBUC-KIZILBASH NANCY
Director
STOCK 6.19K $0 Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BENET LINCOLN E
Director 242.36K Sale
BLAVATNIK VALENTIN
Director 104.07K Purchase
CASTELLANI BRYAN
Chief Financial Officer 136.51K Stock Award(Grant)
HIGGINSON CARLETTA
Officer 200.60K Stock Award(Grant)
KYNCL ROBERT
Chief Executive Officer 731.37K Stock Award(Grant)
LOUSADA MAX GEORGE
Officer 2.04M Sale
MARSHALL CARIANNE
Officer 229.08K Stock Award(Grant)
MOOT GUY
Officer 229.08K Stock Award(Grant)
ROBINSON PAUL M. J.D.
General Counsel 98.34K Stock Award(Grant)
ZERZA ARMIN
Chief Operating Officer 436.19K Stock Gift

Fundamentals

TTM · reported
Market cap$14.19B
Enterprise value$18.72B
Revenue (TTM)$7.30B
Gross profit$3.34B
EBITDA$1.67B
Net income$665.00M
EPS (TTM)$1.25
Free cash flow$382.25M
Total cash$618.00M
Total debt$4.92B
Book value / share$1.24
Shares outstanding147.73M
Float145.81M
Short % of float8.38%
Dividend yield2.95%
Beta (5Y)1.29

Valuation & profitability ratios

Account required
Trailing P/E21.70
Forward P/E13.77
PEG ratio0.49
Price / sales
Price / book21.90
EV / revenue2.56
EV / EBITDA11.20
Gross margin45.77%
Operating margin16.74%
Profit margin9.20%
Return on equity70.07%
Return on assets7.65%
Debt / equity452.95
Current ratio0.73
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $6.71B$6.43B$6.04B$5.92B +4.4%
Operating revenue $6.71B$6.43B$6.04B$5.92B +4.4%
Cost of revenue $3.63B$3.35B$3.18B$3.08B +8.3%
Gross profit $3.08B$3.07B$2.86B$2.84B +0.1%
Selling, general & admin $1.77B$1.78B$1.74B$1.79B -0.3%
Total operating expense $2.15B$2.10B$2.07B$2.13B +2.1%
Operating income $928.00M$968.00M$789.00M$714.00M -4.1%
Net interest income -$162.00M-$161.00M-$141.00M-$125.00M -0.6%
Pre-tax income $490.00M$601.00M$609.00M$740.00M -18.5%
Tax provision $120.00M$123.00M$170.00M$185.00M -2.4%
Net income $365.00M$435.00M$430.00M$551.00M -16.1%
Net income to common $365.00M$435.00M$430.00M$551.00M -16.1%
Basic EPS 0.690.830.821.06 -16.9%
Diluted EPS 0.690.830.821.06 -16.9%
EBIT $652.00M$762.00M$750.00M$865.00M -14.4%
EBITDA $1.03B$1.09B$1.08B$1.20B -5.6%
Basic shares 528.99M517.52M524.39M519.81M +2.2%
Diluted shares 528.99M517.52M524.39M519.81M +2.2%

Options analytics

Account required
Put / call volume
0.39
Call-heavy session
Put / call open interest
0.14
Positioning, not flow
Max pain
26.00
-4.2% from spot
ATM implied vol
66.0%
Nearest strike to spot
Skew (10% OTM)
+47.7%
Puts bid over calls
Call volume
118
Contracts, this expiry
Put volume
46
Contracts, this expiry
Heaviest call OI
27.00
174 contracts
Heaviest put OI
26.00
25 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.390.51 +31.2%
Mar 2026 0.290.43 +46.6%
Dec 2025 0.400.43 +6.9%
Sep 2025 0.330.51 +54.5%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.42 4 $1.90B +1.7%
Next quarter 0.48 2 $1.95B +6.1%
Current year 1.78 6 $7.33B +9.3%
Next year 1.97 6 $7.76B +5.9%

Analyst targets & ownership

Account required
Mean target$36.88
High target$46.00
Low target$23.00
Implied upside35.95%
Analyst count17
ConsensusNONE
Strong buy / Buy2 / 11
Hold4
Sell / Strong sell0 / 0
Held by insiders1.05%
Held by institutions111.32%
Institutions holding462
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
26.14
+3.80% from price
SMA 20
26.51
+2.34% from price
SMA 50
27.34
-0.76% from price
SMA 100
28.77
-5.69% from price
SMA 200
28.76
-5.66% from price
EMA 12
26.51
+2.35% from price
EMA 26
26.78
+1.30% from price
EMA 50
27.42
-1.06% from price
RSI (14)
52.4
Neutral
MACD (12,26,9)
-0.28
Hist 0.23
ATR (14)
0.87
3.21% of price
Realised vol 30D
42.8%
Annualised
Bollinger upper
28.79
20, 2σ
Bollinger lower
24.23
20, 2σ
50 / 200 cross
Death
27.34 vs 28.76
Trend bias
Below 200
-5.66%

Options chain

Account required
ExpirySpot 27.13
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.48
Less volatile than market
Correlation to SPY
0.18
Largely independent
Realised vol 30D
42.8%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-30.9%
Peak to trough
Max drawdown 5Y
-54.9%
Peak to trough
ATR 14
0.87
3.21% of price
Beta (reported)
1.29
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
9.59M
Prior 10.75M
Change vs prior
-10.7%
Shorts covering
% of float
8.38%
Normal
% of shares out
1.83%
Against total outstanding
Days to cover
4.5
Liquid
Float
145.81M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

146 on file
DateFirm ActionFromTo
May 8, 26 UBS MAINTAINED Buy Buy
May 8, 26 JP Morgan MAINTAINED Overweight Overweight
May 8, 26 Evercore ISI Group MAINTAINED Outperform Outperform
May 8, 26 Guggenheim MAINTAINED Buy Buy
Apr 21, 26 Morgan Stanley MAINTAINED Overweight Overweight
Mar 31, 26 Guggenheim MAINTAINED Buy Buy
Feb 13, 26 Scotiabank UPGRADE Sector Perform Sector Outperform
Jan 21, 26 Citigroup MAINTAINED Buy Buy
Dec 18, 25 Morgan Stanley UPGRADE Equal-Weight Overweight
Dec 11, 25 Jefferies MAINTAINED Buy Buy
Nov 21, 25 B of A Securities MAINTAINED Neutral Neutral
Oct 30, 25 Bernstein MAINTAINED Outperform Outperform

Dividends & splits

Declared · from the issuer
Forward rate$0.80 / yr
Forward yield2.95%
5-year avg yield2.12%
Payout ratio60.80%
Ex-dividend dateAug 20, 2026
Next pay dateSep 1, 2026
Last split
Split date

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.