Invesaro

Stocks Comparison

TKO vs Warner Music: revenue, profit, margins and growth compared

TKO brought in $4.7B of revenue in fiscal 2025, Warner Music $6.7B in fiscal 2025. Revenue changed by -3.1% at TKO and +4.4% at Warner Music on the year before, so Warner Music grew faster. TKO kept 4.1% of its revenue as net profit, Warner Music 5.4%.

Side by side, latest fiscal year

TKOWMG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$4.7B$6.7B
Revenue growth-3.1%+4.4%
Net income$195.4M$365M
Net margin4.1%5.4%
Free cash flown/a$539M
Free cash flow marginn/a8.0%
Earnings per share (diluted)$2.26n/a
Cash$831.1M$532M
Debt$3.8B$4.4B
Price to earnings80.8n/a
Market value$34.6B$14.2B
Dividend yieldn/a2.69%
Rank by revenue in sector#209 of 778 · Consumer discretionary#161 of 778 · Consumer discretionary

Over the years

Revenue
TKO FY2021: $1BTKO FY2023: $1.1BTKO FY2023: $3.2BTKO FY2024: $4.9BTKO FY2025: $4.7BWMG FY2018: $4BWMG FY2019: $4.5BWMG FY2020: $4.5BWMG FY2021: $5.3BWMG FY2022: $5.9BWMG FY2023: $6BWMG FY2024: $6.4BWMG FY2025: $6.7BFY18FY19FY20FY21FY22FY23FY24FY25
TKO $4.7BWMG $6.7B
Net income
TKO FY2021: $273.6MTKO FY2023: $389MTKO FY2023: -$35.2MTKO FY2024: $9.4MTKO FY2025: $195.4MWMG FY2018: $307MWMG FY2019: $256MWMG FY2020: -$475MWMG FY2021: $304MWMG FY2022: $551MWMG FY2023: $430MWMG FY2024: $435MWMG FY2025: $365MFY18FY19FY20FY21FY22FY23FY24FY25
TKO $195.4MWMG $365M
Net margin
TKO FY2021: 26.5%TKO FY2023: 34.1%TKO FY2023: -1.1%TKO FY2024: 0.2%TKO FY2025: 4.1%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%FY18FY19FY20FY21FY22FY23FY24FY25
TKO 4.1%WMG 5.4%
Revenue growth
TKO FY2023: +10.5%TKO FY2023: +182.8%TKO FY2024: +51.5%TKO FY2025: -3.1%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%FY19FY20FY21FY22FY23FY24FY25
TKO -3.1%WMG +4.4%
Free cash flow
WMG FY2018: $351MWMG FY2019: $296MWMG FY2020: $378MWMG FY2021: $545MWMG FY2022: $607MWMG FY2023: $560MWMG FY2024: $638MWMG FY2025: $539MFY18FY19FY20FY21FY22FY23FY24FY25
TKOWMG $539M

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

Questions about TKO and Warner Music

Which is bigger by revenue, TKO or Warner Music?

Warner Music is bigger by revenue: $6.7B in fiscal 2025, against $4.7B for TKO in fiscal 2025.

Which keeps more of its revenue as profit, TKO or Warner Music?

TKO had a net margin of 4.1% in fiscal 2025; Warner Music had 5.4% in fiscal 2025.

Which grew revenue faster, TKO or Warner Music?

In their latest fiscal years revenue changed by -3.1% at TKO 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.

More comparisons

Compare more companies