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Warner Music Group (WMG) Competitors

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$28.02 +0.07 (+0.25%)
Closing price 09/18/2026 04:00 PM Eastern
Extended Trading
$27.92 -0.11 (-0.37%)
As of 09/18/2026 07:49 PM Eastern
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WMG vs. LYV, TKO, ROKU, FWONA, and TME

Should you buy Warner Music Group stock or one of its competitors? Warner Music Group's main competitors and comparable companies include Live Nation Entertainment (LYV), TKO Group (TKO), Roku (ROKU), Liberty Media Corporation - Liberty Formula One Series A (FWONA), and Tencent Music Entertainment Group (TME). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "movies & entertainment" industry.

How does Warner Music Group compare to Live Nation Entertainment?

Warner Music Group (NASDAQ:WMG) and Live Nation Entertainment (NYSE:LYV) are both large-cap communication services companies, but which is the better business? We will contrast the two businesses based on the strength of their profitability, media sentiment, valuation, risk, earnings, dividends, analyst recommendations and institutional ownership.

Warner Music Group has a net margin of 9.20% compared to Live Nation Entertainment's net margin of 0.34%. Warner Music Group's return on equity of 85.50% beat Live Nation Entertainment's return on equity.

Company Net Margins Return on Equity Return on Assets
Warner Music Group9.20% 85.50% 7.00%
Live Nation Entertainment 0.34%54.61%1.78%

Warner Music Group has a beta of 1.31, suggesting that its share price is 31% more volatile than the broader market. Comparatively, Live Nation Entertainment has a beta of 1.11, suggesting that its share price is 11% more volatile than the broader market.

96.9% of Warner Music Group shares are held by institutional investors. Comparatively, 74.5% of Live Nation Entertainment shares are held by institutional investors. 0.1% of Warner Music Group shares are held by company insiders. Comparatively, 2.9% of Live Nation Entertainment shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Warner Music Group has higher earnings, but lower revenue than Live Nation Entertainment. Live Nation Entertainment is trading at a lower price-to-earnings ratio than Warner Music Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Warner Music Group$6.71B2.19$365M$1.2622.24
Live Nation Entertainment$25.20B1.56-$54.83M-$1.13N/A

In the previous week, Live Nation Entertainment had 3 more articles in the media than Warner Music Group. MarketBeat recorded 10 mentions for Live Nation Entertainment and 7 mentions for Warner Music Group. Warner Music Group's average media sentiment score of 1.61 beat Live Nation Entertainment's score of 1.21 indicating that Warner Music Group is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Warner Music Group
6 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Live Nation Entertainment
4 Very Positive mention(s)
4 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Warner Music Group presently has a consensus price target of $38.25, suggesting a potential upside of 36.51%. Live Nation Entertainment has a consensus price target of $197.19, suggesting a potential upside of 17.94%. Given Warner Music Group's higher possible upside, research analysts plainly believe Warner Music Group is more favorable than Live Nation Entertainment.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Warner Music Group
0 Sell rating(s)
4 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.75
Live Nation Entertainment
1 Sell rating(s)
3 Hold rating(s)
20 Buy rating(s)
0 Strong Buy rating(s)
2.79

Summary

Warner Music Group beats Live Nation Entertainment on 11 of the 16 factors compared between the two stocks.

How does Warner Music Group compare to TKO Group?

Warner Music Group (NASDAQ:WMG) and TKO Group (NYSE:TKO) are both large-cap communication services companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, valuation, analyst recommendations, media sentiment, earnings, profitability, risk and dividends.

Warner Music Group has a net margin of 9.20% compared to TKO Group's net margin of 4.33%. Warner Music Group's return on equity of 85.50% beat TKO Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Warner Music Group9.20% 85.50% 7.00%
TKO Group 4.33%2.67%1.49%

96.9% of Warner Music Group shares are owned by institutional investors. Comparatively, 89.8% of TKO Group shares are owned by institutional investors. 0.1% of Warner Music Group shares are owned by insiders. Comparatively, 64.3% of TKO Group shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

In the previous week, TKO Group had 1 more articles in the media than Warner Music Group. MarketBeat recorded 8 mentions for TKO Group and 7 mentions for Warner Music Group. Warner Music Group's average media sentiment score of 1.61 beat TKO Group's score of 0.37 indicating that Warner Music Group is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Warner Music Group
6 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
TKO Group
3 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Warner Music Group pays an annual dividend of $0.80 per share and has a dividend yield of 2.9%. TKO Group pays an annual dividend of $3.16 per share and has a dividend yield of 1.7%. Warner Music Group pays out 63.5% of its earnings in the form of a dividend. TKO Group pays out 110.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Warner Music Group has raised its dividend for 4 consecutive years. Warner Music Group is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Warner Music Group currently has a consensus price target of $38.25, indicating a potential upside of 36.51%. TKO Group has a consensus price target of $237.50, indicating a potential upside of 25.66%. Given Warner Music Group's stronger consensus rating and higher probable upside, research analysts plainly believe Warner Music Group is more favorable than TKO Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Warner Music Group
0 Sell rating(s)
4 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.75
TKO Group
0 Sell rating(s)
6 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
2.63

Warner Music Group has higher revenue and earnings than TKO Group. Warner Music Group is trading at a lower price-to-earnings ratio than TKO Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Warner Music Group$6.71B2.19$365M$1.2622.24
TKO Group$4.74B7.55$195.40M$2.8566.32

Warner Music Group has a beta of 1.31, suggesting that its stock price is 31% more volatile than the broader market. Comparatively, TKO Group has a beta of 0.62, suggesting that its stock price is 38% less volatile than the broader market.

Summary

Warner Music Group beats TKO Group on 14 of the 19 factors compared between the two stocks.

How does Warner Music Group compare to Roku?

Warner Music Group (NASDAQ:WMG) and Roku (NASDAQ:ROKU) are both large-cap communication services companies, but which is the superior investment? We will contrast the two companies based on the strength of their risk, earnings, media sentiment, analyst recommendations, dividends, valuation, profitability and institutional ownership.

Warner Music Group has a net margin of 9.20% compared to Roku's net margin of 6.82%. Warner Music Group's return on equity of 85.50% beat Roku's return on equity.

Company Net Margins Return on Equity Return on Assets
Warner Music Group9.20% 85.50% 7.00%
Roku 6.82%13.73%8.34%

In the previous week, Roku had 18 more articles in the media than Warner Music Group. MarketBeat recorded 25 mentions for Roku and 7 mentions for Warner Music Group. Warner Music Group's average media sentiment score of 1.61 beat Roku's score of 0.53 indicating that Warner Music Group is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Warner Music Group
6 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Roku
11 Very Positive mention(s)
3 Positive mention(s)
9 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Warner Music Group has a beta of 1.31, indicating that its share price is 31% more volatile than the broader market. Comparatively, Roku has a beta of 2.05, indicating that its share price is 105% more volatile than the broader market.

Warner Music Group currently has a consensus price target of $38.25, suggesting a potential upside of 36.51%. Roku has a consensus price target of $156.17, suggesting a potential upside of 1.64%. Given Warner Music Group's stronger consensus rating and higher probable upside, research analysts plainly believe Warner Music Group is more favorable than Roku.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Warner Music Group
0 Sell rating(s)
4 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.75
Roku
0 Sell rating(s)
19 Hold rating(s)
7 Buy rating(s)
1 Strong Buy rating(s)
2.33

96.9% of Warner Music Group shares are held by institutional investors. Comparatively, 86.3% of Roku shares are held by institutional investors. 0.1% of Warner Music Group shares are held by company insiders. Comparatively, 13.5% of Roku shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Warner Music Group has higher revenue and earnings than Roku. Warner Music Group is trading at a lower price-to-earnings ratio than Roku, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Warner Music Group$6.71B2.19$365M$1.2622.24
Roku$4.74B4.81$88.36M$2.3465.66

Summary

Warner Music Group beats Roku on 9 of the 17 factors compared between the two stocks.

How does Warner Music Group compare to Liberty Media Corporation - Liberty Formula One Series A?

Liberty Media Corporation - Liberty Formula One Series A (NASDAQ:FWONA) and Warner Music Group (NASDAQ:WMG) are both large-cap communication services companies, but which is the better investment? We will compare the two companies based on the strength of their risk, dividends, analyst recommendations, institutional ownership, media sentiment, valuation, earnings and profitability.

Liberty Media Corporation - Liberty Formula One Series A currently has a consensus price target of $114.67, indicating a potential upside of 33.74%. Warner Music Group has a consensus price target of $38.25, indicating a potential upside of 36.51%. Given Warner Music Group's higher possible upside, analysts plainly believe Warner Music Group is more favorable than Liberty Media Corporation - Liberty Formula One Series A.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Liberty Media Corporation - Liberty Formula One Series A
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
2 Strong Buy rating(s)
3.14
Warner Music Group
0 Sell rating(s)
4 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.75

8.4% of Liberty Media Corporation - Liberty Formula One Series A shares are held by institutional investors. Comparatively, 96.9% of Warner Music Group shares are held by institutional investors. 0.6% of Liberty Media Corporation - Liberty Formula One Series A shares are held by company insiders. Comparatively, 0.1% of Warner Music Group shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Liberty Media Corporation - Liberty Formula One Series A has a beta of 0.49, indicating that its stock price is 51% less volatile than the broader market. Comparatively, Warner Music Group has a beta of 1.31, indicating that its stock price is 31% more volatile than the broader market.

Warner Music Group has a net margin of 9.20% compared to Liberty Media Corporation - Liberty Formula One Series A's net margin of 0.00%. Warner Music Group's return on equity of 85.50% beat Liberty Media Corporation - Liberty Formula One Series A's return on equity.

Company Net Margins Return on Equity Return on Assets
Liberty Media Corporation - Liberty Formula One Series AN/A N/A N/A
Warner Music Group 9.20%85.50%7.00%

In the previous week, Warner Music Group had 6 more articles in the media than Liberty Media Corporation - Liberty Formula One Series A. MarketBeat recorded 7 mentions for Warner Music Group and 1 mentions for Liberty Media Corporation - Liberty Formula One Series A. Warner Music Group's average media sentiment score of 1.61 beat Liberty Media Corporation - Liberty Formula One Series A's score of 1.11 indicating that Warner Music Group is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Liberty Media Corporation - Liberty Formula One Series A
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Warner Music Group
6 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Warner Music Group has higher revenue and earnings than Liberty Media Corporation - Liberty Formula One Series A. Warner Music Group is trading at a lower price-to-earnings ratio than Liberty Media Corporation - Liberty Formula One Series A, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Liberty Media Corporation - Liberty Formula One Series A$4.48B4.79$170.33M$0.68126.09
Warner Music Group$6.71B2.19$365M$1.2622.24

Summary

Warner Music Group beats Liberty Media Corporation - Liberty Formula One Series A on 12 of the 17 factors compared between the two stocks.

How does Warner Music Group compare to Tencent Music Entertainment Group?

Tencent Music Entertainment Group (NYSE:TME) and Warner Music Group (NASDAQ:WMG) are both large-cap communication services companies, but which is the better investment? We will compare the two companies based on the strength of their media sentiment, analyst recommendations, valuation, dividends, profitability, earnings, institutional ownership and risk.

Tencent Music Entertainment Group currently has a consensus price target of $17.21, suggesting a potential upside of 122.17%. Warner Music Group has a consensus price target of $38.25, suggesting a potential upside of 36.51%. Given Tencent Music Entertainment Group's higher possible upside, analysts plainly believe Tencent Music Entertainment Group is more favorable than Warner Music Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Tencent Music Entertainment Group
0 Sell rating(s)
10 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.23
Warner Music Group
0 Sell rating(s)
4 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.75

In the previous week, Warner Music Group had 1 more articles in the media than Tencent Music Entertainment Group. MarketBeat recorded 7 mentions for Warner Music Group and 6 mentions for Tencent Music Entertainment Group. Warner Music Group's average media sentiment score of 1.61 beat Tencent Music Entertainment Group's score of 0.91 indicating that Warner Music Group is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Tencent Music Entertainment Group
2 Very Positive mention(s)
3 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Warner Music Group
6 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Tencent Music Entertainment Group has higher earnings, but lower revenue than Warner Music Group. Tencent Music Entertainment Group is trading at a lower price-to-earnings ratio than Warner Music Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Tencent Music Entertainment Group$4.71B2.59$1.54B$0.819.56
Warner Music Group$6.71B2.19$365M$1.2622.24

Tencent Music Entertainment Group has a net margin of 26.27% compared to Warner Music Group's net margin of 9.20%. Warner Music Group's return on equity of 85.50% beat Tencent Music Entertainment Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Tencent Music Entertainment Group26.27% 11.53% 8.87%
Warner Music Group 9.20%85.50%7.00%

Tencent Music Entertainment Group has a beta of 0.85, suggesting that its stock price is 15% less volatile than the broader market. Comparatively, Warner Music Group has a beta of 1.31, suggesting that its stock price is 31% more volatile than the broader market.

24.3% of Tencent Music Entertainment Group shares are held by institutional investors. Comparatively, 96.9% of Warner Music Group shares are held by institutional investors. 0.1% of Warner Music Group shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Tencent Music Entertainment Group pays an annual dividend of $0.23 per share and has a dividend yield of 3.0%. Warner Music Group pays an annual dividend of $0.80 per share and has a dividend yield of 2.9%. Tencent Music Entertainment Group pays out 28.4% of its earnings in the form of a dividend. Warner Music Group pays out 63.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Warner Music Group has raised its dividend for 4 consecutive years. Tencent Music Entertainment Group is clearly the better dividend stock, given its higher yield and lower payout ratio.

Summary

Warner Music Group beats Tencent Music Entertainment Group on 12 of the 19 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding WMG and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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WMG vs. The Competition

MetricWarner Music GroupEntertainment IndustryCommunication Services SectorNASDAQ Exchange
Market Cap$14.66B$10.22B$33.92B$12.95B
Dividend Yield2.86%3.85%5.42%12.80%
P/E Ratio22.2426.10232.6625.38
Price / Sales2.19113.8862.5796.78
Price / Cash19.7535.7121.0134.74
Price / Book19.326.6211.936.32
Net Income$365M$74.90M$1.10B$358.20M
7 Day Performance-1.09%-0.66%-1.21%1.12%
1 Month Performance3.39%-1.49%-1.58%-2.39%
1 Year Performance-16.46%-12.67%-8.58%5.35%

Warner Music Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
WMG
Warner Music Group
4.9173 of 5 stars
$28.02
+0.3%
$38.25
+36.5%
-16.5%$14.66B$6.71B22.245,500
LYV
Live Nation Entertainment
3.4472 of 5 stars
$173.51
+0.0%
$197.19
+13.6%
+2.1%$40.88B$25.20BN/A34,700
TKO
TKO Group
4.3231 of 5 stars
$186.46
+0.2%
$238.08
+27.7%
-6.1%$35.21B$4.74B65.424,000
ROKU
Roku
3.3422 of 5 stars
$155.59
flat
$156.17
+0.4%
+51.0%$23.09B$4.74B66.493,600
FWONA
Liberty Media Corporation - Liberty Formula One Series A
3.0792 of 5 stars
$88.38
flat
$114.67
+29.7%
-8.3%$22.14B$4.48B129.976,800

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This page (NASDAQ:WMG) was last updated on 9/20/2026 by MarketBeat.com Staff.
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