ADDED
wmg-20250930 false 0001319161 2025 FY http://fasb.org/us-gaap/2025#AccountingStandardsUpdate201602Member P5Y 1 1 1 http://fasb.org/us-gaap/2025#RestructuringSettlementAndImpairmentProvisions http://fasb.org/us-gaap/2025#RestructuringSettlementAndImpairmentProvisions http://fasb.org/us-gaap/2025#OtherAssetsNoncurrent Includes depreciation expense of $(118), $(103), and $(87) for the fiscal years ended September 30, 2025, 2024, and 2023 respectively.
As of November 14, 2025, there were 147,022,746 shares of Class A Common Stock and 375,380,313 shares of Class B Common Stock of the registrant outstanding.
Our Music Publishing business, which includes esteemed songwriters such as Twenty One Pilots, Lizzo and Katy Perry, generated $1.306 billion of revenue in fiscal 2025, representing 19% of total revenues.
These strategies include investing more heavily in recording artists and songwriters, growing the Company s global reach, augmenting its streaming expertise, and overhauling its systems and technological infrastructure.
Despite global streaming revenue growth slowing down in 2024, there are positive signs of continued growth.
According to Media Insights and Decisions in Action ( MIDiA ), 19% of consumers who have never subscribed to any streaming service would consider doing so in the future.
The largest increase in free streaming subscribers in recent years has been among those aged 45-54 and those over 55.
According to MIDiA, that demographic is most likely to have disposable income, allowing for the strongest conversion rate among the age groups.
In addition, while most audio formats saw fluctuations in growth year after year, streaming music continued to grow and surpassed radio at the beginning of 2025.
Lastly, according to the International Federation of the Phonographic Industry ( IFPI ), vinyl saw its eighteenth consecutive year of growth in 2024, generating over $1.8 billion in global revenue.
REMOVED
wmg-20240930 false 0001319161 2024 FY P5Y 1 1 1 http://fasb.org/us-gaap/2024#RestructuringSettlementAndImpairmentProvisions http://fasb.org/us-gaap/2024#RestructuringSettlementAndImpairmentProvisions http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent Includes depreciation expense of $(87), $(76), and $(77) for the fiscal years ended September 30, 2023, 2022, and 2021 respectively.
As of November 15, 2024, there were 142,614,118 shares of Class A Common Stock and 375,380,313 shares of Class B Common Stock of the registrant outstanding.
Our Music Publishing business, which includes esteemed songwriters such as Twenty One Pilots, Lizzo and Katy Perry, generated $1,210 million of revenue in fiscal 2024, representing 19% of total revenues.
These strategies include investing more heavily in recording artists and songwriters, growing the Company s global reach, augmenting its streaming expertise, overhauling its systems and technological infrastructure, and diversifying into other music-based revenue streams.
Other milestones include the Company s acquisitions of direct-to-audience businesses such as entertainment specialty e-tailer EMP Merchandising and live music application Songkick.
According to the International Federation of the Phonographic Industry ( IFPI ) Engaging with Music 2023 report, global consumers spent 20.7 hours listening to music each week in 2023.
Demographic trends and digital music penetration have been key factors in driving growth in music consumption.
Younger consumers typically are early adopters of new technologies, including music-enabled devices.
According to IFPI s Engaging with Music 2023 report, in 2023, the rapid emergence of short-form video, livestreaming and in-game experiences drove new opportunities in music.
Of the time people spent using short-form video apps, 82% involved music-dependent videos.