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Warner Music Group (WMG) Competitors

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$28.72 -0.19 (-0.66%)
Closing price 10/9/2026 04:00 PM Eastern
Extended Trading
$28.62 -0.10 (-0.35%)
As of 10/9/2026 07:50 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?

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

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
Live Nation Entertainment0.34% 54.61% 1.78%
Warner Music Group 9.20%85.50%7.00%

Warner Music Group has lower revenue, but higher earnings 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
Live Nation Entertainment$25.20B1.59-$54.83M-$1.13N/A
Warner Music Group$6.71B2.24$365M$1.2622.79

74.5% of Live Nation Entertainment shares are held by institutional investors. Comparatively, 96.9% of Warner Music Group shares are held by institutional investors. 2.9% of Live Nation Entertainment 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 endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

In the previous week, Live Nation Entertainment had 5 more articles in the media than Warner Music Group. MarketBeat recorded 8 mentions for Live Nation Entertainment and 3 mentions for Warner Music Group. Live Nation Entertainment's average media sentiment score of 0.65 beat Warner Music Group's score of 0.18 indicating that Live Nation Entertainment is being referred to more favorably in the media.

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

Live Nation Entertainment currently has a consensus price target of $197.19, indicating a potential upside of 15.80%. Warner Music Group has a consensus price target of $38.33, indicating a potential upside of 33.47%. Given Warner Music Group's higher possible upside, 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
Live Nation Entertainment
1 Sell rating(s)
3 Hold rating(s)
20 Buy rating(s)
0 Strong Buy rating(s)
2.79
Warner Music Group
1 Sell rating(s)
3 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.69

Live Nation Entertainment has a beta of 1.17, indicating that its stock price is 17% more volatile than the broader market. Comparatively, Warner Music Group has a beta of 1.4, indicating that its stock price is 40% more volatile than the broader market.

Summary

Warner Music Group beats Live Nation Entertainment on 10 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 better investment? We will contrast the two companies based on the strength of their media sentiment, profitability, valuation, institutional ownership, analyst recommendations, earnings, risk and dividends.

In the previous week, TKO Group had 2 more articles in the media than Warner Music Group. MarketBeat recorded 5 mentions for TKO Group and 3 mentions for Warner Music Group. Warner Music Group's average media sentiment score of 0.18 beat TKO Group's score of -0.09 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
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
TKO Group
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral

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

Warner Music Group pays an annual dividend of $0.80 per share and has a dividend yield of 2.8%. TKO Group pays an annual dividend of $3.16 per share and has a dividend yield of 1.8%. 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 increased 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 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%

Warner Music Group has a beta of 1.4, suggesting that its stock price is 40% more volatile than the broader market. Comparatively, TKO Group has a beta of 0.67, suggesting that its stock price is 33% less volatile than the broader market.

Warner Music Group currently has a consensus price target of $38.33, suggesting a potential upside of 33.47%. TKO Group has a consensus price target of $237.50, suggesting a potential upside of 33.66%. Given TKO Group's higher possible upside, analysts clearly believe TKO Group is more favorable than Warner Music Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Warner Music Group
1 Sell rating(s)
3 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.69
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$6.71B2.24$365M$1.2622.79
TKO Group$4.74B7.10$195.40M$2.8562.35

Summary

Warner Music Group beats TKO Group on 13 of the 19 factors compared between the two stocks.

How does Warner Music Group compare to Roku?

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

Roku currently has a consensus price target of $156.17, suggesting a potential upside of 2.17%. Warner Music Group has a consensus price target of $38.33, suggesting a potential upside of 33.47%. Given Warner Music Group's stronger consensus rating and higher probable upside, analysts plainly believe Warner Music Group is more favorable than Roku.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Roku
0 Sell rating(s)
19 Hold rating(s)
7 Buy rating(s)
1 Strong Buy rating(s)
2.33
Warner Music Group
1 Sell rating(s)
3 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.69

In the previous week, Roku had 15 more articles in the media than Warner Music Group. MarketBeat recorded 18 mentions for Roku and 3 mentions for Warner Music Group. Roku's average media sentiment score of 0.56 beat Warner Music Group's score of 0.18 indicating that Roku is being referred to more favorably in the media.

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

86.3% of Roku shares are held by institutional investors. Comparatively, 96.9% of Warner Music Group shares are held by institutional investors. 13.5% of Roku 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 endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Roku has a beta of 2.05, indicating that its share price is 105% more volatile than the broader market. Comparatively, Warner Music Group has a beta of 1.4, indicating that its share price is 40% more volatile than the broader market.

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
Roku$4.74B4.79$88.36M$2.3465.32
Warner Music Group$6.71B2.24$365M$1.2622.79

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
Roku6.82% 13.73% 8.34%
Warner Music Group 9.20%85.50%7.00%

Summary

Roku beats Warner Music Group 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 superior business? We will compare the two businesses based on the strength of their media sentiment, risk, institutional ownership, analyst recommendations, dividends, valuation, earnings and profitability.

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%

Liberty Media Corporation - Liberty Formula One Series A has a beta of 0.53, indicating that its stock price is 47% less volatile than the broader market. Comparatively, Warner Music Group has a beta of 1.4, indicating that its stock price is 40% more volatile than the broader market.

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 endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

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$4.48B4.84$170.33M$0.68127.46
Warner Music Group$6.71B2.24$365M$1.2622.79

Liberty Media Corporation - Liberty Formula One Series A currently has a consensus price target of $114.67, suggesting a potential upside of 32.30%. Warner Music Group has a consensus price target of $38.33, suggesting a potential upside of 33.47%. 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
1 Sell rating(s)
3 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.69

In the previous week, Liberty Media Corporation - Liberty Formula One Series A and Liberty Media Corporation - Liberty Formula One Series A both had 3 articles in the media. Liberty Media Corporation - Liberty Formula One Series A's average media sentiment score of 1.62 beat Warner Music Group's score of 0.18 indicating that Liberty Media Corporation - Liberty Formula One Series A is being referred to more favorably in the media.

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

Summary

Warner Music Group beats Liberty Media Corporation - Liberty Formula One Series A on 10 of the 16 factors compared between the two stocks.

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

Warner Music Group (NASDAQ:WMG) and Tencent Music Entertainment Group (NYSE:TME) 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 media sentiment, institutional ownership, analyst recommendations, dividends, earnings, profitability, risk and valuation.

In the previous week, Warner Music Group had 1 more articles in the media than Tencent Music Entertainment Group. MarketBeat recorded 3 mentions for Warner Music Group and 2 mentions for Tencent Music Entertainment Group. Tencent Music Entertainment Group's average media sentiment score of 0.75 beat Warner Music Group's score of 0.18 indicating that Tencent Music Entertainment Group is being referred to more favorably in the news media.

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

Warner Music Group has a beta of 1.4, indicating that its share price is 40% more volatile than the broader market. Comparatively, Tencent Music Entertainment Group has a beta of 0.78, indicating that its share price is 22% less volatile than the broader market.

96.9% of Warner Music Group shares are held by institutional investors. Comparatively, 24.3% of Tencent Music Entertainment 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 endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Warner Music Group currently has a consensus price target of $38.33, suggesting a potential upside of 33.47%. Tencent Music Entertainment Group has a consensus price target of $17.21, suggesting a potential upside of 105.48%. Given Tencent Music Entertainment Group's higher probable 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
Warner Music Group
1 Sell rating(s)
3 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.69
Tencent Music Entertainment Group
0 Sell rating(s)
10 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.23

Tencent Music Entertainment Group has lower revenue, but higher earnings 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
Warner Music Group$6.71B2.24$365M$1.2622.79
Tencent Music Entertainment Group$4.71B2.80$1.54B$0.8110.34

Warner Music Group pays an annual dividend of $0.80 per share and has a dividend yield of 2.8%. Tencent Music Entertainment Group pays an annual dividend of $0.23 per share and has a dividend yield of 2.7%. Warner Music Group pays out 63.5% of its earnings in the form of a dividend. Tencent Music Entertainment Group pays out 28.4% 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. Warner Music Group is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

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
Warner Music Group9.20% 85.50% 7.00%
Tencent Music Entertainment Group 26.27%11.53%8.87%

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$15.02B$9.74B$34.36B$13.30B
Dividend Yield2.79%3.84%5.54%22.58%
P/E Ratio22.7927.59232.3826.14
Price / Sales2.24114.8466.6187.88
Price / Cash20.2435.4320.5253.71
Price / Book19.817.0112.416.33
Net Income$365M$65.60M$1.12B$382.15M
7 Day Performance7.08%0.25%-0.51%-1.40%
1 Month Performance1.38%-2.46%-4.02%-3.35%
1 Year Performance-10.47%-10.33%-7.36%1.49%

Warner Music Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
WMG
Warner Music Group
4.8226 of 5 stars
$28.72
-0.7%
$38.33
+33.5%
-10.5%$15.02B$6.71B22.795,500
LYV
Live Nation Entertainment
2.8046 of 5 stars
$171.83
+0.6%
$197.19
+14.8%
+11.2%$40.26B$25.20BN/A34,700
TKO
TKO Group
4.6967 of 5 stars
$181.35
-0.7%
$237.50
+31.0%
-4.8%$34.57B$4.74B63.634,000
ROKU
Roku
2.2169 of 5 stars
$152.67
0.0%
$156.17
+2.3%
+66.1%$22.66B$4.74B65.243,600
FWONA
Liberty Media Corporation - Liberty Formula One Series A
3.2711 of 5 stars
$86.62
+0.2%
$114.67
+32.4%
-7.5%$21.66B$4.48B127.381,674

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This page (NASDAQ:WMG) was last updated on 10/11/2026 by MarketBeat.com Staff.
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