Sphere Entertainment vs Warner Music: revenue, profit, margins and growth compared
Sphere Entertainment brought in $1.2B of revenue in fiscal 2025, Warner Music $6.7B in fiscal 2025. Sphere Entertainment kept 2.7% of its revenue as net profit, Warner Music 5.4%.
Fiscal years as each company reports them; the two may end in different months.
Questions about Sphere Entertainment and Warner Music
Which is bigger by revenue, Sphere Entertainment or Warner Music?
Warner Music is bigger by revenue: $6.7B in fiscal 2025, against $1.2B for Sphere Entertainment in fiscal 2025.
Which keeps more of its revenue as profit, Sphere Entertainment or Warner Music?
Sphere Entertainment had a net margin of 2.7% in fiscal 2025; Warner Music had 5.4% in fiscal 2025.
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.