Earnings per Share (Tables)

3 Months Ended

Dec. 31, 2023

The following table sets forth the calculation of basic and diluted net income per common share under the two-class method for the three months ended December 31, 2023 and 2022 (in millions, except share amounts, which are reflected in thousands, and per share data):


	Three Months Ended December 31,
	2023				2022
	Class A		Class B		Class A		Class B
Basic and Diluted EPS:
Numerator
Net income attributable to Warner Music Group Corp.	$	44	$	115	$	34	$	88
Less: Net income attributable to participating securities	(2)		—		(2)		—
Net income attributable to common stockholders	$	42	$	115	$	32	$	88
Denominator
Weighted average shares outstanding	138,972		377,490		137,424		377,650
Basic and Diluted EPS	$	0.30	$	0.30	$	0.23	$	0.23