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


	Fiscal Year Ended September 30,
	2024				2023				2022
	Class A		Class B		Class A		Class B		Class A		Class B
Basic and Diluted EPS:
Numerator
Net income attributable to Warner Music Group Corp.	$	122	$	313	$	119	$	311	$	149	$	402
Less: Net income attributable to participating securities (a)	(6)		—		(6)		—		(7)		—
Net income attributable to common stockholders	$	116	$	313	$	113	$	311	$	142	$	402
Denominator
Weighted average shares outstanding	140,882		376,641		138,070		377,650		133,662		381,046
Basic and Diluted EPS	$	0.83	$	0.83	$	0.82	$	0.82	$	1.06	$	1.06

(a)Participating securities include unvested restricted stock units, which include the right to receive non-forfeitable dividend equivalents.