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Lucky Strike Entertainment vs Warner Music: revenue, profit, margins and growth compared

Lucky Strike Entertainment brought in $1.2B of revenue in fiscal 2026, Warner Music $6.7B in fiscal 2025. Revenue changed by +3.7% at Lucky Strike Entertainment and +4.4% at Warner Music on the year before, so Warner Music grew faster. Lucky Strike Entertainment kept -2.9% of its revenue as net profit, Warner Music 5.4%. Free cash flow was -$9.8M at Lucky Strike Entertainment and $539M at Warner Music.

Side by side, latest fiscal year

LUCKWMG
Fiscal year endedFY2026 (June 28, 2026)FY2025 (September 30, 2025)
Revenue$1.2B$6.7B
Revenue growth+3.7%+4.4%
Net income-$35.8M$365M
Net margin-2.9%5.4%
Free cash flow-$9.8M$539M
Free cash flow margin-0.8%8.0%
Earnings per share (diluted)-$0.33n/a
Cash$39.4M$532M
Debt$1.8B$4.4B
Price to earningsn/an/a
Market value$711.8M$14.2B
Dividend yieldn/a2.69%
Rank by revenue in sector#428 of 778 · Consumer discretionary#161 of 778 · Consumer discretionary

Over the years

Revenue
LUCK FY2022: $395.2MLUCK FY2022: $911.7MLUCK FY2022: $1.1BLUCK FY2024: $1.2BLUCK FY2025: $1.2BLUCK FY2026: $1.2BWMG FY2018: $4BWMG FY2019: $4.5BWMG FY2020: $4.5BWMG FY2021: $5.3BWMG FY2022: $5.9BWMG FY2023: $6BWMG FY2024: $6.4BWMG FY2025: $6.7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
LUCK $1.2BWMG $6.7B
Net income
LUCK FY2022: -$126.5MLUCK FY2022: -$29.9MLUCK FY2022: $82MLUCK FY2024: -$83.6MLUCK FY2025: -$10MLUCK FY2026: -$35.8MWMG FY2018: $307MWMG FY2019: $256MWMG FY2020: -$475MWMG FY2021: $304MWMG FY2022: $551MWMG FY2023: $430MWMG FY2024: $435MWMG FY2025: $365MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LUCK -$35.8MWMG $365M
Net margin
LUCK FY2022: -32.0%LUCK FY2022: -3.3%LUCK FY2022: 7.7%LUCK FY2024: -7.2%LUCK FY2025: -0.8%LUCK FY2026: -2.9%WMG FY2018: 7.7%WMG FY2019: 5.7%WMG FY2020: -10.6%WMG FY2021: 5.7%WMG FY2022: 9.3%WMG FY2023: 7.1%WMG FY2024: 6.8%WMG FY2025: 5.4%FY18FY19FY20FY21FY22FY23FY24FY25FY26
LUCK -2.9%WMG 5.4%
Revenue growth
LUCK FY2022: +130.7%LUCK FY2022: +16.1%LUCK FY2024: +9.1%LUCK FY2025: +4.0%LUCK FY2026: +3.7%WMG FY2019: +11.7%WMG FY2020: -0.3%WMG FY2021: +18.8%WMG FY2022: +11.7%WMG FY2023: +2.0%WMG FY2024: +6.4%WMG FY2025: +4.4%FY19FY20FY21FY22FY23FY24FY25FY26
LUCK +3.7%WMG +4.4%
Free cash flow
LUCK FY2022: $15.1MLUCK FY2022: $15.3MLUCK FY2022: $68.5MLUCK FY2024: -$39.5MLUCK FY2025: $36.2MLUCK FY2026: -$9.8MWMG FY2018: $351MWMG FY2019: $296MWMG FY2020: $378MWMG FY2021: $545MWMG FY2022: $607MWMG FY2023: $560MWMG FY2024: $638MWMG FY2025: $539MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LUCK -$9.8MWMG $539M

Fiscal years as each company reports them; the two may end in different months.

Questions about Lucky Strike Entertainment and Warner Music

Which is bigger by revenue, Lucky Strike Entertainment or Warner Music?

Warner Music is bigger by revenue: $6.7B in fiscal 2025, against $1.2B for Lucky Strike Entertainment in fiscal 2026.

Which keeps more of its revenue as profit, Lucky Strike Entertainment or Warner Music?

Lucky Strike Entertainment had a net margin of -2.9% in fiscal 2026; Warner Music had 5.4% in fiscal 2025.

Which grew revenue faster, Lucky Strike Entertainment or Warner Music?

In their latest fiscal years revenue changed by +3.7% at Lucky Strike Entertainment and +4.4% at Warner Music.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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