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Earnings per Share | 6 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per ShareThe Company utilizes the two-class method to report earnings per share. Basic earnings per share is computed by dividing net income available to each class of stock by the weighted average number of outstanding common shares for each class of stock. Diluted earnings per share is computed by dividing net income available to each class of stock by the weighted average number of outstanding common shares, plus dilutive potential common shares, which is calculated using the treasury-stock method. The potentially dilutive common shares did not have a dilutive effect on the Company’s EPS calculation for the three and six months ended March 31, 2023 and 2022, respectively. 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 six months ended March 31, 2023 and 2022 (in millions, except share amounts, which are reflected in thousands, and per share data):
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
| Class A |  | Class B |  | Class A |  | Class B |  |  |  |  |  |  |  |
Basic and Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Warner Music Group Corp. | $ | 10 |  |  | $ | 24 |  |  | $ | 25 |  |  | $ | 67 |  |  |  |  |  |  |  |  |
Less: Net income attributable to participating securities | (1) |  |  | — |  |  | (1) |  |  | — |  |  |  |  |  |  |  |  |
Net income attributable to common stockholders | $ | 9 |  |  | $ | 24 |  |  | $ | 24 |  |  | $ | 67 |  |  |  |  |  |  |  |  |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding | 138,257 |  |  | 377,650 |  |  | 136,349 |  |  | 378,432 |  |  |  |  |  |  |  |  |
Basic and Diluted EPS | $ | 0.06 |  |  | $ | 0.06 |  |  | $ | 0.18 |  |  | $ | 0.18 |  |  |  |  |  |  |  |  |
| Six Months Ended March 31, |  |  |  |  |  |  |  |
| 2023 |  | 2022 |  |  |  |  |  |  |  |
| Class A |  | Class B |  | Class A |  | Class B |  |  |  |  |  |  |  |
Basic and Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Warner Music Group Corp. | $ | 43 |  |  | $ | 113 |  |  | $ | 73 |  |  | $ | 206 |  |  |  |  |  |  |  |  |
Less: Net income attributable to participating securities | (2) |  |  | — |  |  | (4) |  |  | — |  |  |  |  |  |  |  |  |
Net income attributable to common stockholders | $ | 41 |  |  | $ | 113 |  |  | $ | 69 |  |  | $ | 206 |  |  |  |  |  |  |  |  |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding | 137,841 |  |  | 377,650 |  |  | 130,159 |  |  | 384,442 |  |  |  |  |  |  |  |  |
Basic and Diluted EPS | $ | 0.30 |  |  | $ | 0.30 |  |  | $ | 0.53 |  |  | $ | 0.53 |  |  |  |  |  |  |  |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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