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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Revenue $ 1,399 $ 1,376 $ 2,887 $ 2,990
Costs and expenses:        
Cost of revenue (721) (697) (1,482) (1,515)
Selling, general and administrative expenses [1] (452) (444) (892) (941)
Restructuring (41) 0 (41) 0
Amortization expense (61) (69) (124) (129)
Total costs and expenses (1,275) (1,210) (2,539) (2,585)
Net gain on divestiture 0 0 41 0
Operating income 124 166 389 405
Interest expense, net (35) (32) (67) (62)
Other (expense) income (31) (8) (92) 46
Income before income taxes 58 126 230 389
Income tax expense (21) (34) (69) (109)
Net income 37 92 161 280
Less: Income attributable to noncontrolling interest (3) 0 (5) (1)
Net income attributable to Warner Music Group Corp. 34 92 156 279
Class A Common Stock        
Costs and expenses:        
Net income attributable to Warner Music Group Corp. $ 10 $ 25 $ 43 $ 73
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.06 $ 0.18 $ 0.30 $ 0.53
Diluted (in dollars per share) $ 0.06 $ 0.18 $ 0.30 $ 0.53
Weighted average common shares:        
Basic (in shares) 138,257,000 136,349,000 137,841,000 130,159,000
Diluted (in shares) 138,257,000 136,349,000 137,841,000 130,159,000
Class B Common Stock        
Costs and expenses:        
Net income attributable to Warner Music Group Corp. $ 24 $ 67 $ 113 $ 206
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.06 $ 0.18 $ 0.30 $ 0.53
Diluted (in dollars per share) $ 0.06 $ 0.18 $ 0.30 $ 0.53
Weighted average common shares:        
Basic (in shares) 377,650,000 378,432,000 377,650,000 384,442,000
Diluted (in shares) 377,650,000 378,432,000 377,650,000 384,442,000
[1] Includes depreciation expense of $(22) and $(20) for the three months ended March 31, 2023 and March 31, 2022, respectively, and $(43) and $(41) for the six months ended March 31, 2023 and March 31, 2022, respectively.