The following table sets forth the calculation of basic and diluted net income per common share under the two-class method for the three and nine months ended June 30, 2025 and 2024 (in millions, except share amounts, which are reflected in thousands, and per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | 2025 | | 2024 | | | | | | Class A | | Class B | | Class A | | Class B | | | | | | | | | | Basic and Diluted EPS: | | | | | | | | | | | | | | | | | Numerator | | | | | | | | | | | | | | | | Net income (loss) attributable to Warner Music Group Corp. | $ | (4) | | | $ | (12) | | | $ | 39 | | | $ | 100 | | | | | | | | | | Less: Net loss attributable to participating securities (a) | — | | | — | | | (2) | | | — | | | | | | | | | | Net income (loss) attributable to common stockholders | $ | (4) | | | $ | (12) | | | $ | 37 | | | $ | 100 | | | | | | | | | | | Denominator | | | | | | | | | | | | | | | | | Weighted average shares outstanding | 145,878 | | | 375,380 | | | 141,568 | | | 376,315 | | | | | | | | | | Basic and Diluted Earnings (Loss) Per Share | $ | (0.03) | | | $ | (0.03) | | | $ | 0.27 | | | $ | 0.27 | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended June 30, | | | | | | | | | | 2025 | | 2024 | | | | | | | | | | Class A | | Class B | | Class A | | Class B | | | | | | | | | | Basic and Diluted EPS: | | | | | | | | | | | | | | | | | Numerator | | | | | | | | | | | | | | | | | Net income attributable to Warner Music Group Corp. | $ | 73 | | | $ | 183 | | | $ | 111 | | | $ | 283 | | | | | | | | | | Less: Net income attributable to participating securities (a) | (3) | | | — | | | (5) | | | — | | | | | | | | | | | Net income attributable to common stockholders | $ | 70 | | | $ | 183 | | | $ | 106 | | | $ | 283 | | | | | | | | | | | Denominator | | | | | | | | | | | | | | | | | Weighted average shares outstanding | 144,623 | | | 375,380 | | | 140,531 | | | 376,868 | | | | | | | | | | | Basic and Diluted EPS | $ | 0.49 | | | $ | 0.49 | | | $ | 0.75 | | | $ | 0.75 | | | | | | | | | |
______________________________________ (a)Participating securities include unvested restricted stock units, which include the right to receive non-forfeitable dividend equivalents. Participating securities are not contractually obligated to share in losses.
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