Earnings per Share (Tables)

3 Months Ended

Dec. 31, 2024

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, 2024 and 2023 (in millions, except share amounts, which are reflected in thousands, and per share data):


	Three Months Ended December 31,
	2024				2023
	Class A		Class B		Class A		Class B
Basic and Diluted EPS:
Numerator
Net income attributable to Warner Music Group Corp.	$	67	$	169	$	44	$	115
Less: Net income attributable to participating securities (a)	(3)		—		(2)		—
Net income attributable to common stockholders	$	64	$	169	$	42	$	115
Denominator
Weighted average shares outstanding	143,053		375,380		138,972		377,490
Basic and Diluted EPS	$	0.45	$	0.45	$	0.30	$	0.30

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