Warner Music Group (BSP:W1MG34) COGS-to-Revenue : 0.53 (As of Mar. 2025)

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What is Warner Music Group COGS-to-Revenue?

Warner Music Group's Cost of Goods Sold for the three months ended in Mar. 2025 was R$4,555 Mil. Its Revenue for the three months ended in Mar. 2025 was R$8,545 Mil.

Warner Music Group's COGS to Revenue for the three months ended in Mar. 2025 was 0.53.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Warner Music Group's Gross Margin % for the three months ended in Mar. 2025 was 46.70%.

Warner Music Group COGS-to-Revenue Historical Data

The historical data trend for Warner Music Group's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Warner Music Group COGS-to-Revenue Chart

Warner Music Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

COGS-to-Revenue

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0.52

0.53

0.52

Warner Music Group Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.53	0.53	0.52	0.54	0.53

Warner Music Group COGS-to-Revenue Calculation

Warner Music Group's COGS to Revenue for the fiscal year that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	18579.319	/	35585.903
	=	0.52

Warner Music Group's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4554.657	/	8545.02
	=	0.53

Warner Music Group (BSP:W1MG34) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Warner Music Group's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	4554.657 / 8545.02
	=	46.70 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Warner Music Group COGS-to-Revenue Related Terms

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Warner Music Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Warner Music Group Corp (BSP:W1MG34) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

WMG:USA WA4:Germany WMG:Austria

Address

1633 Broadway, New York, NY, USA, 10019

Website

https://www.wmg.com

Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.

Warner Music Group Headlines

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