• Warner Music Group average ebitda margin for 2023 was 18.41%, a 3.84% increase from 2022.
• Warner Music Group average ebitda margin for 2022 was 17.73%, a 21.94% increase from 2021.
• Warner Music Group average ebitda margin for 2021 was 14.54%, a 391.22% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.