Warner Music Group Corp. (WMG) Competitors & Peers
The 5 largest companies in the same industry as Warner Music Group Corp., by market value — each comparable links to its own dossier. Numbers are code-computed, never estimated.
| Ticker | Relationship | Price | Comparables |
|---|---|---|---|
| NFLX | Peer | $71.14 | P/E 22.4RSI 37Cap 296.3 B |
| DIS | Peer | $106.15 | P/E 21.9RSI 53Cap 183.3 B |
| WBD | Peer | $30.86 | RSI 75Cap 77.2 B |
| LYV | Peer | $170.87 | RSI 43Cap 39.8 B |
| FWONK | Peer | $94.61 | P/E 116.6RSI 42Cap 23.7 B |
How these relationships were derived
Every relationship below carries its provenance. A confirmed edge is sourced from a public filing or disclosure and links to it; an AI-inferred edge is surfaced by the relationship model and is unverified — shown for color, not as evidence.
Confirmed relationships (cited)
Sourced from a public filing or disclosure — each links to its origin.
- SPOTSupplier
Spotify is named in WMG FY2025 10-K as a customer-concentration counterparty (accounts receivable); together with YouTube and Apple represents the top three digital music accounts at ~45% of Recorded Music revenue.
Confirmed — SEC filing / public disclosuresec.gov ↗ - GOOGLSupplier
YouTube is one of WMG's top three digital music accounts representing ~45% of Recorded Music revenue together with Spotify and Apple (WMG FY2025 10-K).
Confirmed — SEC filing / public disclosuresec.gov ↗ - AAPLSupplier
Apple Music is one of WMG's top three digital music accounts representing ~45% of Recorded Music revenue together with Spotify and YouTube (WMG FY2025 10-K).
Confirmed — SEC filing / public disclosuresec.gov ↗ - AMZNSupplier
Amazon Music is a named digital partner streaming WMG's recorded music catalog (WMG FY2025 10-K).
Confirmed — SEC filing / public disclosuresec.gov ↗ - TMESupplier
Tencent Music Entertainment is a named digital partner streaming WMG's recorded music catalog; WMG signed a landmark deal with Tencent Music (WMG FY2025 10-K).
Confirmed — SEC filing / public disclosuresec.gov ↗