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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Revenue $ 1,250 $ 1,071 $ 2,585 $ 2,327
Costs and expenses:        
Cost of revenue (623) (535) (1,309) (1,200)
Selling, general and administrative expenses [1] (418) (538) (819) (917)
Amortization expense (58) (47) (110) (94)
Total costs and expenses (1,099) (1,120) (2,238) (2,211)
Operating income (loss) 151 (49) 347 116
Interest expense, net (32) (33) (63) (66)
Other income (expense) 49 (4) 18 (9)
Income (loss) before income taxes 168 (86) 302 41
Income tax (expense) benefit (51) 12 (86) 7
Net income (loss) 117 (74) 216 48
Less: Income attributable to noncontrolling interest 0 0 (1) (2)
Net income (loss) attributable to Warner Music Group Corp. 117 (74) 215 46
Class A Common Stock        
Costs and expenses:        
Net income (loss) attributable to Warner Music Group Corp. $ 27 $ 0 $ 46 $ 0
Net income (loss) per share attributable to common stockholders:        
Basic and Diluted (in dollars per share) $ 0.23 $ 0 $ 0.41 $ 0
Weighted average common shares:        
Basic and Diluted (in shares) 113,623,893 0 103,922,919 0
Class B Common Stock        
Costs and expenses:        
Net income (loss) attributable to Warner Music Group Corp. $ 90 $ (74) $ 169 $ 46
Net income (loss) per share attributable to common stockholders:        
Basic and Diluted (in dollars per share) $ 0.22 $ (0.15) $ 0.41 $ 0.09
Weighted average common shares:        
Basic and Diluted (in shares) 400,705,856 501,991,944 408,669,332 501,991,944
[1] Includes depreciation expense of $(19) and $(14) for the three months ended March 31, 2021 and March 31, 2020, respectively, and $(38) and $(38) for the six months ended March 31, 2021 and March 31, 2020, respectively.