Earnings per Share (Tables)

9 Months Ended

Jun. 30, 2023

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, 2023 and 2022 (in millions, except share amounts, which are reflected in thousands, and per share data):


	Three Months Ended June 30,
	2023				2022
	Class A		Class B		Class A		Class B
Basic and Diluted EPS:
Numerator
Net income attributable to Warner Music Group Corp.	$	34	$	88	$	34	$	90
Less: Net income attributable to participating securities	(2)		—		(2)		—
Net income attributable to common stockholders	$	32	$	88	$	32	$	90
Denominator
Weighted average shares outstanding	138,290		377,650		137,165		377,650
Basic and Diluted EPS	$	0.23	$	0.23	$	0.24	$	0.24

	Nine Months Ended June 30,
	2023				2022
	Class A		Class B		Class A		Class B
Basic and Diluted EPS:
Numerator
Net income attributable to Warner Music Group Corp.	$	77	$	201	$	108	$	295
Less: Net income attributable to participating securities	(4)		—		(5)		—
Net income attributable to common stockholders	$	73	$	201	$	103	$	295
Denominator
Weighted average shares outstanding	137,990		377,650		132,494		382,178
Basic and Diluted EPS	$	0.53	$	0.53	$	0.77	$	0.77