Handelsavisen
prelaunch
Companies Materials WMG.AX
WM
WMG.AX ASX Gold

Wmg.Ax

A$0,17
Open in Charts → Attach watcher ⌖
AUD
Set alert
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
19,9M AUD
P/E
EV / Rev
Div yield
Op margin
-8 802,6 %
ROE
-14,5 %
Net margin
-8 802,6 %
Debt / equity
0,00
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
2026-07-28
Ex-dividend
TR 1Y
About

Western Mining Group (WMG.AX) is engaged in the mining activity within the gold industry, operating under the basic materials economic sector.

Business. Western Mining Group (WMG.AX) is engaged in the mining activity within the gold industry, operating under the basic materials economic sector.

Classification92 %
SectorBasic Materials
Business sectorMineral Resources
IndustryGold
ActivityMining
Generated · model-assisted
Sell-side consensus
BUY19 analysts
15 buy4 hold0 sell
Avg 12m price target38,34

Analyst recommendations

19 analysts · consensus Buy
Buy15
Hold4
Sell0
12-month price target
38,34
Consensus of sell-side coverage.
Upcoming events
  • EarningsQ3 2026 earnings (expected)2026-07-28 · estimated
See all catalysts →

At a glance

Score
39
composite score
Valuation
valuation pending
Analysts
Buy
19 analysts · indicative
Ownership
AQR Capital Management, LLC
largest disclosed fund holder
Profitability
-14,5 %
return on equity
Quality
55
quality score (0-100)

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning WMG.
  • Sector rotation

    Sector1D1Mvs mkt
    Communication Services+2,2 %−5,5 %+1,5 %
    Materials · THIS SECTOR+2,2 %+3,2 %+1,4 %
    Energy+0,9 %+5,2 %+0,1 %
    Health Care+0,7 %−1,3 %+0,0 %
    Consumer Discretionary+0,3 %+9,2 %−0,4 %
    Information Technology+0,2 %+8,1 %−0,6 %
    Financials−0,5 %−3,0 %−1,2 %
    Consumer Staples−0,6 %+3,3 %−1,4 %
    Real Estate−0,7 %+10,9 %−1,4 %
    Industrials−1,1 %−0,3 %−1,8 %
    Utilities−1,9 %+28,2 %−2,6 %

    Developing storylines

    No tracked sagas currently linked to WMG.AX. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-07-24 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Company
    • EarningsQ3 2026 earnings (expected)2026-07-28 · estimated
    • Macro
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    Briefing · model-assisted

    Warner Music Group Corp (WMG.O) has entered the analysis scope for the first time, establishing a baseline for future monitoring. As this is the initial assessment for the ticker, there is no prior data available to compute material changes or deltas in financial performance or operational metrics. The most significant activity detected involves substantial modifications to the holdings of investor ID 587. On June 21, 2026, this investor’s position was recorded as increasing to 10,430 shares, valued at $0.266 million, representing a weight of approximately 0.00015% of the company. Subsequently, on June 25, 2026, the same investor’s position was adjusted downward to 1,797 shares, with a corresponding value of $0.046 million and a weight of roughly 0.000027%. These rapid, major-severity changes in share count for a single holder occurred within a four-day window, indicating significant volatility or correction in the reported ownership data for this specific entity. Warner Music Group currently reports 28 top holders, though the company has zero listed officers, analysts, or index memberships in the current dataset. The absence of analyst coverage and index membership suggests limited institutional scrutiny or integration into major market benchmarks at this stage, while the fluctuating holder data highlights the need for careful verification of ownership records.

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score39 / 100
    Composite score 0-100 · Data quality 0,55
    Data quality0,55 / 1.00

    Synthesis

    Business

    Western Mining Group (WMG.AX) is engaged in the mining activity within the gold industry, operating under the basic materials economic sector.

    Classification92 %
    SectorBasic Materials
    Business sectorMineral Resources
    IndustryGold
    ActivityMining
    AI synthesis
    GENERATED

    The company's capital structure is characterized by a high level of equity with a market price of 0.19 and a market cap of 21622185.25, indicating a relatively low debt-to-equity ratio of 0.0. The liquidity position is strong, as evidenced by a current ratio of 6.81 and a cash and equivalents balance of 900000.0.

    Profitability metrics show a negative return on equity of -0.1451 and a negative return on assets of -0.1421, suggesting that the company is not generating returns for its shareholders or assets. These figures are below the industry norms for the gold mining sector, indicating a need for operational improvements or cost reductions.

    The company's revenue is concentrated in a single business segment, as disclosed in the financial snapshot, with no specific geographic breakdown provided. This lack of diversification could pose a risk if the gold market experiences volatility or if there are operational issues in the primary mining region.

    The growth trajectory of the company is currently negative, with a significant decline in operating income and net income. The outlook for the current fiscal year is not promising, with a substantial decrease in revenue and profitability. The company's capital expenditure of -2220330.0 indicates ongoing investment in the mining operations, but the negative free cash flow of -3902220.0 suggests that these investments are not yet generating positive returns.

    Risk factors include the company's negative operating and free cash flows, which could impact its ability to fund operations and investments. The risk assessment indicates a low probability of dilution, with no immediate filing-based liquidity or dilution flags detected. However, the company's negative profitability metrics and high capital expenditures could lead to future dilution if not managed effectively.

    Recent events, as reflected in the financial data, include a significant drop in revenue and profitability, which may be attributed to market conditions or operational challenges. The company's financial statements do not indicate any recent significant events that would have a material impact on its operations or financial position.

    Warner Music Group Corp (WMG.O) has entered the analysis scope for the first time, establishing a baseline for future monitoring. As this is the initial assessment for the ticker, there is no prior data available to compute material changes or deltas in financial performance or operational metrics. The most significant activity detected involves substantial modifications to the holdings of investor ID 587. On June 21, 2026, this investor’s position was recorded as increasing to 10,430 shares, valued at $0.266 million, representing a weight of approximately 0.00015% of the company. Subsequently, on June 25, 2026, the same investor’s position was adjusted downward to 1,797 shares, with a corresponding value of $0.046 million and a weight of roughly 0.000027%. These rapid, major-severity changes in share count for a single holder occurred within a four-day window, indicating significant volatility or correction in the reported ownership data for this specific entity. Warner Music Group currently reports 28 top holders, though the company has zero listed officers, analysts, or index memberships in the current dataset. The absence of analyst coverage and index membership suggests limited institutional scrutiny or integration into major market benchmarks at this stage, while the fluctuating holder data highlights the need for careful verification of ownership records.

    Key takeaways
    • The company has a strong liquidity position with a high current ratio and significant cash reserves.
    • The company is not generating positive returns on equity or assets, indicating poor profitability.
    • The company's revenue is concentrated in a single business segment, which could pose a risk.
    • The company is investing in capital expenditures but is not generating positive free cash flow.
    • The risk of dilution is currently low, but the company's negative profitability could lead to future dilution.
    • The company's recent financial performance shows a decline in revenue and profitability.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 3

    Warner Music Group generated $6.7 billion in revenue for fiscal year 2025, demonstrating consistent top-line growth.

    Revenue grew at a 6.1% compound annual growth rate over the four-year period ending in fiscal 2025.

    Cash conversion ratio of 1.86 is above the cohort median of 1.46, suggesting effective cash generation from earnings.

    BEAR CASE · 2

    The debt-to-equity ratio stands at 6.28, placing the company in the bottom quartile of its peer cohort.

    Warner Music Group faces high credit risk and medium liquidity risk according to current financial risk assessments.

    In focus — financials by report

    Valuation

    Market price
    A$0,17
    Market cap
    A$21.6M
    Enterprise value
    A$20.7M
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    1.8x
    P / Tangible book
    1.8x
    Tangible book
    A$11.9M
    Net cash
    A$900.0k
    Current ratio
    6.8
    Debt / equity
    0.0
    ROA
    -14.2%
    ROE
    -14.5%
    Cash conversion
    66.0%
    CapEx / revenue
    -112.8%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    Business relationships413 disclosed relationships · 1 type · extracted from filings & disclosures
    Subsidiaries413
    EX21:00bbdae9354eEX21:00bbdae9354eSubsidiarie97%
    EX21:00cf4279ea4fEX21:00cf4279ea4fSubsidiarie97%
    EX21:00e4f29cbe7cEX21:00e4f29cbe7cSubsidiarie97%
    EX21:01944ab698e0EX21:01944ab698e0Subsidiarie97%
    EX21:01df1384b542EX21:01df1384b542Subsidiarie97%
    EX21:02431cdc4c4dEX21:02431cdc4c4dSubsidiarie97%
    EX21:03ea42dc61eeEX21:03ea42dc61eeSubsidiarie97%
    EX21:05f068549c17EX21:05f068549c17Subsidiarie97%
    EX21:067142684378EX21:067142684378Subsidiarie97%
    EX21:06ac73ba4afdEX21:06ac73ba4afdSubsidiarie97%
    EX21:06f85cd1599eEX21:06f85cd1599eSubsidiarie97%
    EX21:07b3bb97722aEX21:07b3bb97722aSubsidiarie97%
    EX21:09e6cfcd0a8eEX21:09e6cfcd0a8eSubsidiarie97%
    EX21:0a0155e90e73EX21:0a0155e90e73Subsidiarie97%
    EX21:0a5ba6862307EX21:0a5ba6862307Subsidiarie97%
    EX21:0ad4ed88ba3fEX21:0ad4ed88ba3fSubsidiarie97%
    EX21:0ae07e1cf054EX21:0ae07e1cf054Subsidiarie97%
    EX21:0d56c6bf6efbEX21:0d56c6bf6efbSubsidiarie97%
    EX21:0e54738504afEX21:0e54738504afSubsidiarie97%
    EX21:0f1085035af5EX21:0f1085035af5Subsidiarie97%
    EX21:0fab3a294926EX21:0fab3a294926Subsidiarie97%
    EX21:0fe5976aee2aEX21:0fe5976aee2aSubsidiarie97%
    EX21:100e005d20c9EX21:100e005d20c9Subsidiarie97%
    EX21:10495b837493EX21:10495b837493Subsidiarie97%
    EX21:10b7d1c86c86EX21:10b7d1c86c86Subsidiarie97%
    EX21:1167ab73ba22EX21:1167ab73ba22Subsidiarie97%
    EX21:11cfa7727eceEX21:11cfa7727eceSubsidiarie97%
    EX21:120b5086ac7bEX21:120b5086ac7bSubsidiarie97%
    EX21:1237ca4d1410EX21:1237ca4d1410Subsidiarie97%
    EX21:1401b44373afEX21:1401b44373afSubsidiarie97%
    EX21:1401f5fe479eEX21:1401f5fe479eSubsidiarie97%
    EX21:147a6e8acc7aEX21:147a6e8acc7aSubsidiarie97%
    EX21:148eee821045EX21:148eee821045Subsidiarie97%
    EX21:1581d2577552EX21:1581d2577552Subsidiarie97%
    EX21:169348d78a05EX21:169348d78a05Subsidiarie97%
    EX21:18432780f90cEX21:18432780f90cSubsidiarie97%
    EX21:1869baff2124EX21:1869baff2124Subsidiarie97%
    EX21:19eb1738d238EX21:19eb1738d238Subsidiarie97%
    EX21:1a3321217d8fEX21:1a3321217d8fSubsidiarie97%
    EX21:1a5bda42c74dEX21:1a5bda42c74dSubsidiarie97%
    EX21:1a6921dbf698EX21:1a6921dbf698Subsidiarie97%
    EX21:1ad5562415afEX21:1ad5562415afSubsidiarie97%
    EX21:1af6c8fdcbecEX21:1af6c8fdcbecSubsidiarie97%
    EX21:1c106ca974f8EX21:1c106ca974f8Subsidiarie97%
    EX21:1c191df9b33aEX21:1c191df9b33aSubsidiarie97%
    EX21:1d6c47201abbEX21:1d6c47201abbSubsidiarie97%
    EX21:1db66eeabdc0EX21:1db66eeabdc0Subsidiarie97%
    EX21:1e00a368c3f9EX21:1e00a368c3f9Subsidiarie97%
    EX21:1e388763ff40EX21:1e388763ff40Subsidiarie97%
    EX21:1e8d1422fbacEX21:1e8d1422fbacSubsidiarie97%
    EX21:1e9c7f7e38c2EX21:1e9c7f7e38c2Subsidiarie97%
    EX21:1ec8771a7ec4EX21:1ec8771a7ec4Subsidiarie97%
    EX21:209b6db8708dEX21:209b6db8708dSubsidiarie97%
    EX21:21037e963156EX21:21037e963156Subsidiarie97%
    EX21:2165f49d5680EX21:2165f49d5680Subsidiarie97%
    EX21:217d8accdf08EX21:217d8accdf08Subsidiarie97%
    EX21:218fc6ff6aa7EX21:218fc6ff6aa7Subsidiarie97%
    EX21:228726d08405EX21:228726d08405Subsidiarie97%
    EX21:22e0024b853fEX21:22e0024b853fSubsidiarie97%
    EX21:22eac9e7c398EX21:22eac9e7c398Subsidiarie97%
    EX21:234cff2592bdEX21:234cff2592bdSubsidiarie97%
    EX21:2480f9d4e659EX21:2480f9d4e659Subsidiarie97%
    EX21:25f5dd636eb1EX21:25f5dd636eb1Subsidiarie97%
    EX21:260c1ab0a7ddEX21:260c1ab0a7ddSubsidiarie97%
    EX21:2845523a96d9EX21:2845523a96d9Subsidiarie97%
    EX21:28c8af709627EX21:28c8af709627Subsidiarie97%
    EX21:298a63616c22EX21:298a63616c22Subsidiarie97%
    EX21:29db1a2df225EX21:29db1a2df225Subsidiarie97%
    EX21:29f2394eb92dEX21:29f2394eb92dSubsidiarie97%
    EX21:2a62dca06353EX21:2a62dca06353Subsidiarie97%
    EX21:2ae87edb36b5EX21:2ae87edb36b5Subsidiarie97%
    EX21:2c3f5c4464acEX21:2c3f5c4464acSubsidiarie97%
    EX21:2c54cd62df19EX21:2c54cd62df19Subsidiarie97%
    EX21:2c8f9eb5f9b5EX21:2c8f9eb5f9b5Subsidiarie97%
    EX21:2d95e901006cEX21:2d95e901006cSubsidiarie97%
    EX21:2e25b9b60632EX21:2e25b9b60632Subsidiarie97%
    EX21:2e624ba01d63EX21:2e624ba01d63Subsidiarie97%
    EX21:2f358e8de132EX21:2f358e8de132Subsidiarie97%
    EX21:2f35df9f090bEX21:2f35df9f090bSubsidiarie97%
    EX21:2f9eccad8aa9EX21:2f9eccad8aa9Subsidiarie97%
    EX21:30e202de1c47EX21:30e202de1c47Subsidiarie97%
    EX21:32712975b5fdEX21:32712975b5fdSubsidiarie97%
    EX21:3274e5c6a40cEX21:3274e5c6a40cSubsidiarie97%
    EX21:3330b600d765EX21:3330b600d765Subsidiarie97%
    EX21:33910866d88bEX21:33910866d88bSubsidiarie97%
    EX21:342a7bf08410EX21:342a7bf08410Subsidiarie97%
    EX21:34dd33b6b0f3EX21:34dd33b6b0f3Subsidiarie97%
    EX21:34fafdf15985EX21:34fafdf15985Subsidiarie97%
    EX21:364d2d2ab4a8EX21:364d2d2ab4a8Subsidiarie97%
    EX21:378a392d14b8EX21:378a392d14b8Subsidiarie97%
    EX21:3815eec04ed7EX21:3815eec04ed7Subsidiarie97%
    EX21:389045dab91fEX21:389045dab91fSubsidiarie97%
    EX21:38b58a54ea97EX21:38b58a54ea97Subsidiarie97%
    EX21:38e8cec5e0ddEX21:38e8cec5e0ddSubsidiarie97%
    EX21:38f9850f0c22EX21:38f9850f0c22Subsidiarie97%
    EX21:39495e702921EX21:39495e702921Subsidiarie97%
    EX21:3a014a4e6934EX21:3a014a4e6934Subsidiarie97%
    EX21:3b4cc56637a4EX21:3b4cc56637a4Subsidiarie97%
    EX21:3b6d43615fd0EX21:3b6d43615fd0Subsidiarie97%
    EX21:3de19583763fEX21:3de19583763fSubsidiarie97%
    EX21:3e3c64714e98EX21:3e3c64714e98Subsidiarie97%
    EX21:3e66a7864140EX21:3e66a7864140Subsidiarie97%
    EX21:3f96cad48d47EX21:3f96cad48d47Subsidiarie97%
    EX21:3fecea19faacEX21:3fecea19faacSubsidiarie97%
    EX21:4029c19989c6EX21:4029c19989c6Subsidiarie97%
    EX21:4354f1a93df1EX21:4354f1a93df1Subsidiarie97%
    EX21:444a4ce159a4EX21:444a4ce159a4Subsidiarie97%
    EX21:45bc32adaa73EX21:45bc32adaa73Subsidiarie97%
    EX21:471187183d88EX21:471187183d88Subsidiarie97%
    EX21:47872ab70c1bEX21:47872ab70c1bSubsidiarie97%
    EX21:47a70de83d80EX21:47a70de83d80Subsidiarie97%
    EX21:48328d9fc28bEX21:48328d9fc28bSubsidiarie97%
    EX21:48d337eb78d7EX21:48d337eb78d7Subsidiarie97%
    EX21:48f923e0d625EX21:48f923e0d625Subsidiarie97%
    EX21:496127f434d4EX21:496127f434d4Subsidiarie97%
    EX21:49d2360d9abbEX21:49d2360d9abbSubsidiarie97%
    EX21:49e12fb90606EX21:49e12fb90606Subsidiarie97%
    EX21:4a0099b30ee7EX21:4a0099b30ee7Subsidiarie97%
    EX21:4acbc7b42d6bEX21:4acbc7b42d6bSubsidiarie97%
    EX21:4d25e93ecc6fEX21:4d25e93ecc6fSubsidiarie97%
    EX21:4e78e1444828EX21:4e78e1444828Subsidiarie97%
    EX21:4f1a49f13bc4EX21:4f1a49f13bc4Subsidiarie97%
    EX21:4f7ed89d6c86EX21:4f7ed89d6c86Subsidiarie97%
    EX21:5054b4674a49EX21:5054b4674a49Subsidiarie97%
    EX21:507ba6e3f387EX21:507ba6e3f387Subsidiarie97%
    EX21:50828327cbf4EX21:50828327cbf4Subsidiarie97%
    EX21:527d20863c53EX21:527d20863c53Subsidiarie97%
    EX21:52b37abc5babEX21:52b37abc5babSubsidiarie97%
    EX21:5312ab3ce3a4EX21:5312ab3ce3a4Subsidiarie97%
    EX21:5366c44a7d32EX21:5366c44a7d32Subsidiarie97%
    EX21:53cdf598576eEX21:53cdf598576eSubsidiarie97%
    EX21:54926ac04393EX21:54926ac04393Subsidiarie97%
    EX21:550d0f1e4308EX21:550d0f1e4308Subsidiarie97%
    EX21:55694de2240aEX21:55694de2240aSubsidiarie97%
    EX21:55b38baf9666EX21:55b38baf9666Subsidiarie97%
    EX21:55c6c6925fd9EX21:55c6c6925fd9Subsidiarie97%
    EX21:55f16eb64f0bEX21:55f16eb64f0bSubsidiarie97%
    EX21:5616deff0e89EX21:5616deff0e89Subsidiarie97%
    EX21:56ded4fbc879EX21:56ded4fbc879Subsidiarie97%
    EX21:57161efa37efEX21:57161efa37efSubsidiarie97%
    EX21:57852310f36bEX21:57852310f36bSubsidiarie97%
    EX21:582085da8b26EX21:582085da8b26Subsidiarie97%
    EX21:5823619ac77bEX21:5823619ac77bSubsidiarie97%
    EX21:59d6465528a3EX21:59d6465528a3Subsidiarie97%
    EX21:59db1b5f3128EX21:59db1b5f3128Subsidiarie97%
    EX21:5a12d8831357EX21:5a12d8831357Subsidiarie97%
    EX21:5a39bbd894c5EX21:5a39bbd894c5Subsidiarie97%
    EX21:5b4cbb0d63cfEX21:5b4cbb0d63cfSubsidiarie97%
    EX21:5b670a776345EX21:5b670a776345Subsidiarie97%
    EX21:5c30630c2a1bEX21:5c30630c2a1bSubsidiarie97%
    EX21:5c5d06de5250EX21:5c5d06de5250Subsidiarie97%
    EX21:5ce0f6a63b85EX21:5ce0f6a63b85Subsidiarie97%
    EX21:5d479483f411EX21:5d479483f411Subsidiarie97%
    EX21:5dd0dec3f69cEX21:5dd0dec3f69cSubsidiarie97%
    EX21:5df011726c6eEX21:5df011726c6eSubsidiarie97%
    EX21:5e7a6df37dfcEX21:5e7a6df37dfcSubsidiarie97%
    EX21:5ea88553fb95EX21:5ea88553fb95Subsidiarie97%
    EX21:5f754570774dEX21:5f754570774dSubsidiarie97%
    EX21:5f9e26d72ffcEX21:5f9e26d72ffcSubsidiarie97%
    EX21:5fb0b5d58647EX21:5fb0b5d58647Subsidiarie97%
    EX21:60248540799eEX21:60248540799eSubsidiarie97%
    EX21:60c7b733af10EX21:60c7b733af10Subsidiarie97%
    EX21:60d5c39ce7e9EX21:60d5c39ce7e9Subsidiarie97%
    EX21:61b0b86aeab6EX21:61b0b86aeab6Subsidiarie97%
    EX21:61ff8b0ff791EX21:61ff8b0ff791Subsidiarie97%
    EX21:62360c1ad313EX21:62360c1ad313Subsidiarie97%
    EX21:6284e5c8e76dEX21:6284e5c8e76dSubsidiarie97%
    EX21:62db7138e262EX21:62db7138e262Subsidiarie97%
    EX21:64b2e7e34b3aEX21:64b2e7e34b3aSubsidiarie97%
    EX21:64f6a560e5c6EX21:64f6a560e5c6Subsidiarie97%
    EX21:6550fa16829aEX21:6550fa16829aSubsidiarie97%
    EX21:662173bc3b67EX21:662173bc3b67Subsidiarie97%
    EX21:667561d2502fEX21:667561d2502fSubsidiarie97%
    EX21:67074d28fc13EX21:67074d28fc13Subsidiarie97%
    EX21:68186949bf88EX21:68186949bf88Subsidiarie97%
    EX21:69ce69282fd3EX21:69ce69282fd3Subsidiarie97%
    EX21:6a64e3c8ff7aEX21:6a64e3c8ff7aSubsidiarie97%
    EX21:6b3d9756a03dEX21:6b3d9756a03dSubsidiarie97%
    EX21:6b9304802994EX21:6b9304802994Subsidiarie97%
    EX21:6bba2e3302ccEX21:6bba2e3302ccSubsidiarie97%
    EX21:6e3b65b2c341EX21:6e3b65b2c341Subsidiarie97%
    EX21:6ec4029dfae7EX21:6ec4029dfae7Subsidiarie97%
    EX21:7082bb7ce4a5EX21:7082bb7ce4a5Subsidiarie97%
    EX21:70b9e7ddb3d1EX21:70b9e7ddb3d1Subsidiarie97%
    EX21:7127d4deeba8EX21:7127d4deeba8Subsidiarie97%
    EX21:71fb1ed2c3d4EX21:71fb1ed2c3d4Subsidiarie97%
    EX21:73059da8efd9EX21:73059da8efd9Subsidiarie97%
    EX21:731fa4519aedEX21:731fa4519aedSubsidiarie97%
    EX21:73358cf4207bEX21:73358cf4207bSubsidiarie97%
    EX21:73c228d65e98EX21:73c228d65e98Subsidiarie97%
    EX21:7455c94e5dfeEX21:7455c94e5dfeSubsidiarie97%
    EX21:74aecc097f36EX21:74aecc097f36Subsidiarie97%
    EX21:75486749c422EX21:75486749c422Subsidiarie97%
    EX21:75a6d9e41b9cEX21:75a6d9e41b9cSubsidiarie97%
    EX21:762d89c09a62EX21:762d89c09a62Subsidiarie97%
    EX21:7750bc07ab47EX21:7750bc07ab47Subsidiarie97%
    EX21:779164bcd68bEX21:779164bcd68bSubsidiarie97%
    EX21:77c0d1e77af1EX21:77c0d1e77af1Subsidiarie97%
    EX21:77d3e2e02445EX21:77d3e2e02445Subsidiarie97%
    EX21:78966c658c0fEX21:78966c658c0fSubsidiarie97%
    EX21:78ec9c9158a1EX21:78ec9c9158a1Subsidiarie97%
    EX21:79afafac7353EX21:79afafac7353Subsidiarie97%
    EX21:79d2c3d590dbEX21:79d2c3d590dbSubsidiarie97%
    EX21:7a2f82436933EX21:7a2f82436933Subsidiarie97%
    EX21:7a42a434f250EX21:7a42a434f250Subsidiarie97%
    EX21:7ac2ed07199dEX21:7ac2ed07199dSubsidiarie97%
    EX21:7ad91feffbefEX21:7ad91feffbefSubsidiarie97%
    EX21:7d7e98150547EX21:7d7e98150547Subsidiarie97%
    EX21:7db8fb6c853dEX21:7db8fb6c853dSubsidiarie97%
    EX21:7e60fbd60c40EX21:7e60fbd60c40Subsidiarie97%
    EX21:7f7aac6b71c0EX21:7f7aac6b71c0Subsidiarie97%
    EX21:7f7c4c4df0c5EX21:7f7c4c4df0c5Subsidiarie97%
    EX21:7fc7430a5823EX21:7fc7430a5823Subsidiarie97%
    EX21:804459d4057bEX21:804459d4057bSubsidiarie97%
    EX21:80693ae61bd2EX21:80693ae61bd2Subsidiarie97%
    EX21:810cc6914d7cEX21:810cc6914d7cSubsidiarie97%
    EX21:810fe00f137aEX21:810fe00f137aSubsidiarie97%
    EX21:824684f6d437EX21:824684f6d437Subsidiarie97%
    EX21:8293e2fc471fEX21:8293e2fc471fSubsidiarie97%
    EX21:83b11c3406ecEX21:83b11c3406ecSubsidiarie97%
    EX21:84329fbec131EX21:84329fbec131Subsidiarie97%
    EX21:844758c141b1EX21:844758c141b1Subsidiarie97%
    EX21:8574ba1b1918EX21:8574ba1b1918Subsidiarie97%
    EX21:85c9bfaf5685EX21:85c9bfaf5685Subsidiarie97%
    EX21:866e7aaf4a63EX21:866e7aaf4a63Subsidiarie97%
    EX21:86b8b57828e9EX21:86b8b57828e9Subsidiarie97%
    EX21:876bcb202571EX21:876bcb202571Subsidiarie97%
    EX21:883c633cc27fEX21:883c633cc27fSubsidiarie97%
    EX21:886e1126a51fEX21:886e1126a51fSubsidiarie97%
    EX21:889f8433f3b2EX21:889f8433f3b2Subsidiarie97%
    EX21:88f60bae43fdEX21:88f60bae43fdSubsidiarie97%
    EX21:8956da527e3cEX21:8956da527e3cSubsidiarie97%
    EX21:89573a16af6bEX21:89573a16af6bSubsidiarie97%
    EX21:89db4ab5f43eEX21:89db4ab5f43eSubsidiarie97%
    EX21:8a15ae36fea0EX21:8a15ae36fea0Subsidiarie97%
    EX21:8c56321de2dbEX21:8c56321de2dbSubsidiarie97%
    EX21:8c83e31819faEX21:8c83e31819faSubsidiarie97%
    EX21:8cd22ae86ebeEX21:8cd22ae86ebeSubsidiarie97%
    EX21:8d62faaffe91EX21:8d62faaffe91Subsidiarie97%
    EX21:8d7667d41df1EX21:8d7667d41df1Subsidiarie97%
    EX21:8f2674bfdd36EX21:8f2674bfdd36Subsidiarie97%
    EX21:8f56f462c0acEX21:8f56f462c0acSubsidiarie97%
    EX21:8fa94b64bcedEX21:8fa94b64bcedSubsidiarie97%
    EX21:901219c217a9EX21:901219c217a9Subsidiarie97%
    EX21:91e9faa768d9EX21:91e9faa768d9Subsidiarie97%
    EX21:92074dcc8afcEX21:92074dcc8afcSubsidiarie97%
    EX21:922cb61ec7faEX21:922cb61ec7faSubsidiarie97%
    EX21:9231ec080140EX21:9231ec080140Subsidiarie97%
    EX21:92423a563bc0EX21:92423a563bc0Subsidiarie97%
    EX21:931313f65a75EX21:931313f65a75Subsidiarie97%
    EX21:94f3b30ab82aEX21:94f3b30ab82aSubsidiarie97%
    EX21:951705406034EX21:951705406034Subsidiarie97%
    EX21:95ba6c8d9a16EX21:95ba6c8d9a16Subsidiarie97%
    EX21:96aa425237fdEX21:96aa425237fdSubsidiarie97%
    EX21:97497fe22eeaEX21:97497fe22eeaSubsidiarie97%
    EX21:98202e111a51EX21:98202e111a51Subsidiarie97%
    EX21:98c20fc75b06EX21:98c20fc75b06Subsidiarie97%
    EX21:99f317865b76EX21:99f317865b76Subsidiarie97%
    EX21:9a0f487f48c2EX21:9a0f487f48c2Subsidiarie97%
    EX21:9a14c645947bEX21:9a14c645947bSubsidiarie97%
    EX21:9a9288a0d531EX21:9a9288a0d531Subsidiarie97%
    EX21:9b68bd91213fEX21:9b68bd91213fSubsidiarie97%
    EX21:9bd8df01fdddEX21:9bd8df01fdddSubsidiarie97%
    EX21:9bdd85331e75EX21:9bdd85331e75Subsidiarie97%
    EX21:9bfb09deace7EX21:9bfb09deace7Subsidiarie97%
    EX21:9ca028c67302EX21:9ca028c67302Subsidiarie97%
    EX21:9eb7e2f50c4dEX21:9eb7e2f50c4dSubsidiarie97%
    EX21:9ef15e9bd53aEX21:9ef15e9bd53aSubsidiarie97%
    EX21:9efb42e3b24bEX21:9efb42e3b24bSubsidiarie97%
    EX21:9f26e7b856a4EX21:9f26e7b856a4Subsidiarie97%
    EX21:a059ad5a5011EX21:a059ad5a5011Subsidiarie97%
    EX21:a10da207936dEX21:a10da207936dSubsidiarie97%
    EX21:a22026df9574EX21:a22026df9574Subsidiarie97%
    EX21:a3462b104056EX21:a3462b104056Subsidiarie97%
    EX21:a3cdee581ed5EX21:a3cdee581ed5Subsidiarie97%
    EX21:a3ff29a46704EX21:a3ff29a46704Subsidiarie97%
    EX21:a47a656f7371EX21:a47a656f7371Subsidiarie97%
    EX21:a5379c33f2c3EX21:a5379c33f2c3Subsidiarie97%
    EX21:a6b5644f34faEX21:a6b5644f34faSubsidiarie97%
    EX21:a70b250f3c8bEX21:a70b250f3c8bSubsidiarie97%
    EX21:a7472d1d9566EX21:a7472d1d9566Subsidiarie97%
    EX21:a7758163158eEX21:a7758163158eSubsidiarie97%
    EX21:a7abde8dbf06EX21:a7abde8dbf06Subsidiarie97%
    EX21:a99cf75f81d8EX21:a99cf75f81d8Subsidiarie97%
    EX21:a9eba0272cf2EX21:a9eba0272cf2Subsidiarie97%
    EX21:aa61cfe27e66EX21:aa61cfe27e66Subsidiarie97%
    EX21:aa6f8843f355EX21:aa6f8843f355Subsidiarie97%
    EX21:aab42bc716a6EX21:aab42bc716a6Subsidiarie97%
    EX21:ac13a90163ceEX21:ac13a90163ceSubsidiarie97%
    EX21:ac5e679d77cbEX21:ac5e679d77cbSubsidiarie97%
    EX21:acfcaad7b806EX21:acfcaad7b806Subsidiarie97%
    EX21:adc1525aa699EX21:adc1525aa699Subsidiarie97%
    EX21:ae74a851895aEX21:ae74a851895aSubsidiarie97%
    EX21:af3b2eed4f42EX21:af3b2eed4f42Subsidiarie97%
    EX21:afd16c8a909cEX21:afd16c8a909cSubsidiarie97%
    EX21:afec50daa483EX21:afec50daa483Subsidiarie97%
    EX21:b0690b4da92fEX21:b0690b4da92fSubsidiarie97%
    EX21:b06f9cc3fd83EX21:b06f9cc3fd83Subsidiarie97%
    EX21:b1539faecc23EX21:b1539faecc23Subsidiarie97%
    EX21:b15c5fa51b50EX21:b15c5fa51b50Subsidiarie97%
    EX21:b18c2629cccdEX21:b18c2629cccdSubsidiarie97%
    EX21:b20d8e46764dEX21:b20d8e46764dSubsidiarie97%
    EX21:b22f7352ee60EX21:b22f7352ee60Subsidiarie97%
    EX21:b36521598cf6EX21:b36521598cf6Subsidiarie97%
    EX21:b39af5261935EX21:b39af5261935Subsidiarie97%
    EX21:b3a41aba37c0EX21:b3a41aba37c0Subsidiarie97%
    EX21:b4d10dd307a8EX21:b4d10dd307a8Subsidiarie97%
    EX21:b4ea1d21fc7bEX21:b4ea1d21fc7bSubsidiarie97%
    EX21:b5f61624054aEX21:b5f61624054aSubsidiarie97%
    EX21:b645ec38c7bbEX21:b645ec38c7bbSubsidiarie97%
    EX21:b669d5b2f282EX21:b669d5b2f282Subsidiarie97%
    EX21:b71ae343cc96EX21:b71ae343cc96Subsidiarie97%
    EX21:b7206c5bcae8EX21:b7206c5bcae8Subsidiarie97%
    EX21:b7907d8d44baEX21:b7907d8d44baSubsidiarie97%
    EX21:b9b769462871EX21:b9b769462871Subsidiarie97%
    EX21:b9ecbacf855dEX21:b9ecbacf855dSubsidiarie97%
    EX21:bac00babc9d5EX21:bac00babc9d5Subsidiarie97%
    EX21:bc76af0c46ddEX21:bc76af0c46ddSubsidiarie97%
    EX21:bec6e8dcc9fcEX21:bec6e8dcc9fcSubsidiarie97%
    EX21:bed0d66a2332EX21:bed0d66a2332Subsidiarie97%
    EX21:c029c1c4fbdbEX21:c029c1c4fbdbSubsidiarie97%
    EX21:c08232fb34a2EX21:c08232fb34a2Subsidiarie97%
    EX21:c16d89d509eaEX21:c16d89d509eaSubsidiarie97%
    EX21:c17227271977EX21:c17227271977Subsidiarie97%
    EX21:c18641b6814aEX21:c18641b6814aSubsidiarie97%
    EX21:c1bbe6fb10f7EX21:c1bbe6fb10f7Subsidiarie97%
    EX21:c1f026582fe6EX21:c1f026582fe6Subsidiarie97%
    EX21:c2d56c2efdb3EX21:c2d56c2efdb3Subsidiarie97%
    EX21:c3560dc4232dEX21:c3560dc4232dSubsidiarie97%
    EX21:c390de5b0b4bEX21:c390de5b0b4bSubsidiarie97%
    EX21:c5cad23e777dEX21:c5cad23e777dSubsidiarie97%
    EX21:c82ff0974c84EX21:c82ff0974c84Subsidiarie97%
    EX21:c8d0d0228f3eEX21:c8d0d0228f3eSubsidiarie97%
    EX21:c94019762eebEX21:c94019762eebSubsidiarie97%
    EX21:ca0ebce52636EX21:ca0ebce52636Subsidiarie97%
    EX21:ca8aeca19e94EX21:ca8aeca19e94Subsidiarie97%
    EX21:cac7956c57b8EX21:cac7956c57b8Subsidiarie97%
    EX21:cbc5d56634caEX21:cbc5d56634caSubsidiarie97%
    EX21:ccca0a7b89eeEX21:ccca0a7b89eeSubsidiarie97%
    EX21:cd8ead3f49a3EX21:cd8ead3f49a3Subsidiarie97%
    EX21:d131d1d0ac4aEX21:d131d1d0ac4aSubsidiarie97%
    EX21:d1ce7047e60bEX21:d1ce7047e60bSubsidiarie97%
    EX21:d2206f2e3298EX21:d2206f2e3298Subsidiarie97%
    EX21:d280dbb7f547EX21:d280dbb7f547Subsidiarie97%
    EX21:d3723f4bb5b1EX21:d3723f4bb5b1Subsidiarie97%
    EX21:d3e9ce180613EX21:d3e9ce180613Subsidiarie97%
    EX21:d5fe680a2addEX21:d5fe680a2addSubsidiarie97%
    EX21:d606e6db7146EX21:d606e6db7146Subsidiarie97%
    EX21:d6b44254d794EX21:d6b44254d794Subsidiarie97%
    EX21:d70fec378746EX21:d70fec378746Subsidiarie97%
    EX21:d7bb66a649d2EX21:d7bb66a649d2Subsidiarie97%
    EX21:d85eaa713f33EX21:d85eaa713f33Subsidiarie97%
    EX21:d93abb1b5585EX21:d93abb1b5585Subsidiarie97%
    EX21:d956b8214d75EX21:d956b8214d75Subsidiarie97%
    EX21:dada92874808EX21:dada92874808Subsidiarie97%
    EX21:db6a08387d55EX21:db6a08387d55Subsidiarie97%
    EX21:db7a5ac5700eEX21:db7a5ac5700eSubsidiarie97%
    EX21:dbb42950ee2cEX21:dbb42950ee2cSubsidiarie97%
    EX21:dc2df2870f71EX21:dc2df2870f71Subsidiarie97%
    EX21:dc6e3f138af8EX21:dc6e3f138af8Subsidiarie97%
    EX21:dd2a92c1f024EX21:dd2a92c1f024Subsidiarie97%
    EX21:df501ad4d458EX21:df501ad4d458Subsidiarie97%
    EX21:df69a02ca0f6EX21:df69a02ca0f6Subsidiarie97%
    EX21:dffbde196665EX21:dffbde196665Subsidiarie97%
    EX21:e0082d2a563dEX21:e0082d2a563dSubsidiarie97%
    EX21:e047694f8d14EX21:e047694f8d14Subsidiarie97%
    EX21:e070cf31bd2dEX21:e070cf31bd2dSubsidiarie97%
    EX21:e13977b37892EX21:e13977b37892Subsidiarie97%
    EX21:e29980dbc093EX21:e29980dbc093Subsidiarie97%
    EX21:e369f91f0119EX21:e369f91f0119Subsidiarie97%
    EX21:e48129dc7a4fEX21:e48129dc7a4fSubsidiarie97%
    EX21:e491524d3f27EX21:e491524d3f27Subsidiarie97%
    EX21:e4c74ee416f3EX21:e4c74ee416f3Subsidiarie97%
    EX21:e50fa652fbfcEX21:e50fa652fbfcSubsidiarie97%
    EX21:e53a73042333EX21:e53a73042333Subsidiarie97%
    EX21:e63f55d4ee63EX21:e63f55d4ee63Subsidiarie97%
    EX21:e6aa31644b8cEX21:e6aa31644b8cSubsidiarie97%
    EX21:e7a975618a0dEX21:e7a975618a0dSubsidiarie97%
    EX21:ea505db0534dEX21:ea505db0534dSubsidiarie97%
    EX21:eb313f47a908EX21:eb313f47a908Subsidiarie97%
    EX21:eb567c33e2feEX21:eb567c33e2feSubsidiarie97%
    EX21:eb6e8c684c5eEX21:eb6e8c684c5eSubsidiarie97%
    EX21:ec16a686d91cEX21:ec16a686d91cSubsidiarie97%
    EX21:ece156200e48EX21:ece156200e48Subsidiarie97%
    EX21:ed14b4c7f68fEX21:ed14b4c7f68fSubsidiarie97%
    EX21:ed613559e3b6EX21:ed613559e3b6Subsidiarie97%
    EX21:ee32250842afEX21:ee32250842afSubsidiarie97%
    EX21:ef3ce6c5b80cEX21:ef3ce6c5b80cSubsidiarie97%
    EX21:ef7c39d6e49bEX21:ef7c39d6e49bSubsidiarie97%
    EX21:efcfec8b6f57EX21:efcfec8b6f57Subsidiarie97%
    EX21:f08ac8af9db9EX21:f08ac8af9db9Subsidiarie97%
    EX21:f2cd8000fdb0EX21:f2cd8000fdb0Subsidiarie97%
    EX21:f500abcf7120EX21:f500abcf7120Subsidiarie97%
    EX21:f597f639add4EX21:f597f639add4Subsidiarie97%
    EX21:f716cd21a0d0EX21:f716cd21a0d0Subsidiarie97%
    EX21:f850feaff557EX21:f850feaff557Subsidiarie97%
    EX21:f8f59ec53d8fEX21:f8f59ec53d8fSubsidiarie97%
    EX21:f997a55ff6ebEX21:f997a55ff6ebSubsidiarie97%
    EX21:f9bd050a2ba6EX21:f9bd050a2ba6Subsidiarie97%
    EX21:f9c7ec2ff773EX21:f9c7ec2ff773Subsidiarie97%
    EX21:fa1e3a5b627aEX21:fa1e3a5b627aSubsidiarie97%
    EX21:fb0be01c70e2EX21:fb0be01c70e2Subsidiarie97%
    EX21:fb9c6bc1a1eeEX21:fb9c6bc1a1eeSubsidiarie97%
    EX21:fca1e328e0b5EX21:fca1e328e0b5Subsidiarie97%
    EX21:fce193d6989bEX21:fce193d6989bSubsidiarie97%
    EX21:fd1fea819547EX21:fd1fea819547Subsidiarie97%
    EX21:fddf85c835fdEX21:fddf85c835fdSubsidiarie97%
    EX21:fde68f7e0e59EX21:fde68f7e0e59Subsidiarie97%
    EX21:fe824c8a78b7EX21:fe824c8a78b7Subsidiarie97%
    EX21:febac2777a4aEX21:febac2777a4aSubsidiarie97%
    EX21:ff55d830cd3fEX21:ff55d830cd3fSubsidiarie97%
    EX21:ff78ce0b8031EX21:ff78ce0b8031Subsidiarie97%
    EX21:fffb27e2a383EX21:fffb27e2a383Subsidiarie97%

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    1,39
    Predicted surprise
    -0,00
    Beat probability
    45 %
    Analysts
    19
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-06-25 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Corporate eventM&A horizon
    M&A probabilityconf 3 %
    Probability
    3 %
    Base rate
    3 %
    Band
    180-day horizon · target 2027-01-19 · 1,0× base rate
    No acquirer candidates identified by the signal model.
    Probabilistic model output — not investment advice. · generated 2026-07-23

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowA$23,00
    MeanA$38,34
    MedianA$39,00
    HighA$46,00
    SpotA$0,17
    +21811.4 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin-8 802,6 %Bottom quartile
    Net Margin-8 802,6 %Bottom quartile
    ROE-14,5 %Below median
    Capex / Rev-11 276,4 %Bottom quartile
    D/E0,00Above median
    Cash Conv0,66Below median

    Corporate actions / M&A

    M&A probabilityconf —
    Probability
    3 %
    Base rate
    3 %
    Band
    Low
    180-day horizon · target 2027-01-19 · 1,0× base rate
    No acquirer candidates identified by the signal model.
    Corporate actionsNo corporate-action source connected yet — splits, dividends and buyback events are not tracked for this company. Honest-dim (no data fabricated).

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    Derivative transactions

    Net flat2 transactions2 insiders
    • AI Entertainment Holdings LLC10% owner · Class B Common Stock → Class A Common StockDisposed 280 000other · 2026-04-16
    • Blavatnik ValentinDirector · Class B Common Stock → Class A Common StockAcquired 280 000other · 2026-04-16

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Return On Equity
      net_income / total_equity
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    • Ev To Revenue
      enterprise_value / revenue
    Source documents
    • WMG.AX Market data — financials · 2026-05-30

    Ownership & reference

    Top holders

    • AQR Capital Management, LLCInvestment Managers · as of 2026-03-310,03 %$63M
    • Principal Global Investors (Equity)Investment Managers · as of 2026-03-310,01 %$24M
    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,01 %$51M
    • Victory Capital Management Inc.Investment Managers · as of 2026-03-310,01 %$14M
    • BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,01 %$337M
    • Bank of New York Mellon CorpInstitutional Investor · as of 2026-03-310,01 %$33M
    • Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,01 %$394M
    • Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,01 %$18M
    • Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,01 %$43M
    • Dimensional Fund Advisors, L.P.Investment Managers · as of 2026-03-310,01 %$25M
    • Charles Schwab Investment Management, Inc.Investment Managers · as of 2026-03-310,00 %$29M
    • Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$57M
    • Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$58M
    • Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,00 %$18M
    • State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$68M
    • Invesco QQQ TrustFunds · as of 2026-03-310,00 %$15M
    • EATON VANCE MANAGEMENTInstitutional Investor · as of 2022-09-300,00 %$0M
    • AllianceBernstein L.P.Investment Managers · as of 2026-03-310,00 %$4M
    • AMERIPRISE FINANCIAL INCInstitutional Investor · as of 2026-03-310,00 %$3M
    • FMR LLCInstitutional Investor · as of 2026-03-310,00 %$10M
    • Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,00 %$3M
    • LPL Financial LLCInvestment Managers · as of 2026-03-310,00 %$1M
    • T. Rowe Price Associates, Inc.Investment Managers · as of 2026-03-310,00 %$0M
    • First Trust Advisors L.P.Investment Managers · as of 2026-03-310,00 %$0M
    • PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$0M
    • JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,00 %$0M
    • MASSACHUSETTS FINANCIAL SERVICES CO /MA/Institutional Investor · as of 2026-03-310,00 %$0M
    • PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$0M

    Insider activity

    Mixed / flat0 buys · 0 sellsnet $014 insiders · last 365d
    • Kurzman CeceliaDirector · Class A Common StockOther 38 · 2026-06-02
    • Hertz NoreenaDirector · Class A Common StockOther 38 · 2026-06-02
    • Kreiz YnonDirector · Class A Common StockOther 38 · 2026-06-02
    • Dubuc NancyDirector · Class A Common StockOther 38 · 2026-06-02
    • Dopfner MathiasDirector · Class A Common StockOther 38 · 2026-06-02
    • Lynton MichaelDirector · Class A Common StockOther 56 · 2026-06-02
    • ZERZA ARMINCOO & CFO · Class A Common StockOther 27 521 · 2026-05-21
    • ZERZA ARMINCOO & CFO · Class A Common StockOther 209 132 · 2026-05-12
    • ZERZA ARMINCOO & CFO · Class A Common StockOther 27 064 @ $33,60$909K · 2026-05-12
    • Kreiz YnonDirector · Class A Common StockOther 6 186 · 2026-03-04
    • Kurzman CeceliaDirector · Class A Common StockOther 6 186 · 2026-03-04
    • Dubuc NancyDirector · Class A Common StockOther 6 186 · 2026-03-04
    • Lynton MichaelDirector · Class A Common StockOther 9 014 · 2026-03-04
    • Dopfner MathiasDirector · Class A Common StockOther 1 629 @ $28,29$46K · 2026-03-04
    • Dopfner MathiasDirector · Class A Common StockOther 6 186 · 2026-03-04
    • Hertz NoreenaDirector · Class A Common StockOther 1 629 @ $28,29$46K · 2026-03-04
    • Hertz NoreenaDirector · Class A Common StockOther 6 186 · 2026-03-04
    • Karp Hannah JasmineEVP, Chief Comm. Officer · Class A Common StockOther 19 225 · 2026-02-12
    • Kyncl RobertCEO · Class A Common StockOther 43 014 @ $30,74$1,3M · 2026-01-05
    • Marshall CarianneCo-Chair & COO Warner Chappell · Class A Common StockOther 13 122 @ $30,74$403K · 2026-01-05
    • Robinson Paul MEVP & General Counsel · Class A Common StockOther 5 740 @ $30,74$176K · 2026-01-05
    • Higginson CarlettaEVP, Chief Digital Officer · Class A Common StockOther 10 388 @ $30,74$319K · 2026-01-05
    • Moot GuyCo-Chair & CEO Warner Chappell · Class A Common StockOther 13 122 @ $30,74$403K · 2026-01-05
    • Osherova MariaEVP, Chief Human Res. Officer · Class A Common StockOther 7 148 @ $30,74$220K · 2026-01-05
    • Osherova MariaEVP, Chief Human Res. Officer · Class A Common StockOther 59 276 · 2026-01-04

    Short positioning

    10.7Mshares short+6.4% vs prior
    5.15days to cover
    49.8%short of daily vol
    70.2Kfails-to-deliver
    as of 2026-06-30 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    WMG.AXCanonical
    ASX · AUD

    Intel & risk

    PredictorBeat prob45 %Surprise-0,00M&A prob3 %Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.
    Relationship graph
    WMGEX21:00bEX21:00cEX21:00eEX21:019EX21:01dEX21:024EX21:03eEX21:05fEX21:067EX21:06aGold
    This companySectorSubsidiaries

    Evidence & claims

    From filings & derived data
    • Debt-to-equity (FY 2025-12-31): 12.75xDerived (calculated)
    • Current ratio (FY 2025-12-31): 0.70xDerived (calculated)
    • Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -6.4%Derived (calculated)
    • Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 8.7%Derived (calculated)
    • Total assets (YoY) (2025-12-31 vs 2024-12-31): 9.5%Derived (calculated)
    • Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 10.5%Derived (calculated)
    • Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 32.1%Derived (calculated)
    • Current liabilities (annual): USD 4.31BSEC XBRL filing
    • Cash & equivalents (annual): USD 751MSEC XBRL filing
    • Total liabilities (annual): USD 9.18BSEC XBRL filing
    • Shareholders' equity (annual): USD 720MSEC XBRL filing
    • Long-term debt (annual): USD 4.37BSEC XBRL filing
    • Total assets (annual): USD 10.01BSEC XBRL filing
    • Current assets (annual): USD 3.02BSEC XBRL filing
    • Operating income (YoY) (2025-09-30 vs 2024-09-30): -15.7%Derived (calculated)
    • Operating cash flow (YoY) (2025-09-30 vs 2024-09-30): -10.1%Derived (calculated)
    • Capex (YoY) (2025-09-30 vs 2024-09-30): 19.8%Derived (calculated)
    • Net margin (FY 2025-09-30): 5.4%Derived (calculated)
    • Cost of revenue (YoY) (2025-09-30 vs 2024-09-30): 8.3%Derived (calculated)
    • Net income (YoY) (2025-09-30 vs 2024-09-30): -16.1%Derived (calculated)
    • Revenue (YoY) (2025-09-30 vs 2024-09-30): 4.4%Derived (calculated)
    • Cost of revenue (annual): USD 3.63BSEC XBRL filing
    • Capex (annual): USD 139MSEC XBRL filing
    • Net income (annual): USD 365MSEC XBRL filing
    Showing 24 of 60 surfaced claims.
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-07-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: ma_probability (180d)
    2026-06-25 03:10 UTCHOLDERInstitutional holding changed
    2026-06-25 03:10 UTCHOLDER1 institutional position change flagged (1 major)
    2026-06-21 02:57 UTCHOLDERInstitutional holding changed
    2026-06-21 02:57 UTCHOLDER1 institutional position change flagged (1 major)
    2026-06-02 00:00 UTCINSIDER6 insider transactions — 2026-06
    2026-06-02INSIDERKurzman Cecelia transacted 38 sh Class A Common Stock — Director
    2026-06-02INSIDERHertz Noreena transacted 38 sh Class A Common Stock — Director
    2026-06-02INSIDERKreiz Ynon transacted 38 sh Class A Common Stock — Director
    2026-06-02INSIDERDubuc Nancy transacted 38 sh Class A Common Stock — Director
    2026-06-02INSIDERDopfner Mathias transacted 38 sh Class A Common Stock — Director
    2026-06-02INSIDERLynton Michael transacted 56 sh Class A Common Stock — Director
    2026-05-21 00:00 UTCINSIDER3 insider transactions — 2026-05 · net sell $909k
    2026-05-21INSIDERZERZA ARMIN transacted 27.5k sh Class A Common Stock — COO & CFO
    2026-05-12INSIDERZERZA ARMIN transacted 209.1k sh Class A Common Stock — COO & CFO
    2026-05-12INSIDERZERZA ARMIN transacted 27.1k sh Class A Common Stock — COO & CFO ~$909k
    2026-05-07FILING10-Q filing →
    2026-05-07FILING8-K filing →
    2026-04-16 00:00 UTCINSIDER2 insider transactions — 2026-04 2 derivative
    2026-04-16INSIDERAI Entertainment Holdings LLC disposed of 280.0k sh Class B Common Stock — 10% owner
    2026-04-16INSIDERBlavatnik Valentin acquired 280.0k sh Class B Common Stock — Director
    2026-03-11FILING8-K filing →
    2026-03-06FILING8-K filing →
    2026-03-04 00:00 UTCINSIDER8 insider transactions — 2026-03
    2026-03-04INSIDERKreiz Ynon transacted 6.2k sh Class A Common Stock — Director
    2026-03-04INSIDERKurzman Cecelia transacted 6.2k sh Class A Common Stock — Director
    2026-03-04INSIDERDubuc Nancy transacted 6.2k sh Class A Common Stock — Director
    2026-03-04INSIDERLynton Michael transacted 9.0k sh Class A Common Stock — Director
    2026-03-04INSIDERDopfner Mathias transacted 1.6k sh Class A Common Stock — Director ~$46k
    2026-03-04INSIDERDopfner Mathias transacted 6.2k sh Class A Common Stock — Director
    2026-03-04INSIDERHertz Noreena transacted 1.6k sh Class A Common Stock — Director ~$46k
    2026-03-04INSIDERHertz Noreena transacted 6.2k sh Class A Common Stock — Director
    2026-03-03FILING8-K filing →
    2026-02-12 00:00 UTCINSIDER1 insider transaction — 2026-02
    2026-02-12INSIDERKarp Hannah Jasmine transacted 19.2k sh Class A Common Stock — EVP, Chief Comm. Officer
    2026-02-09FILING10-Q filing →
    2026-02-05FILING8-K filing →
    2026-02-05FILING8-K filing →
    Showing the 40 most recent of 53 entries.
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-24 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage