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 | $63.95 | P/E 18.5RSI 42Cap 269.4 B |
| DIS | Peer | $119.12 | P/E 24.6RSI 70Cap 206.9 B |
| WBD | Peer | $30.95 | RSI 75Cap 77.6 B |
| LYV | Peer | $176.64 | RSI 53Cap 41.6 B |
| FOXA | Peer | $67.69 | P/E 14.4RSI 57Cap 38.3 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 ↗