XML 39 R28.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings per Share (Tables)
 9 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
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, 2024 and 2023 (in millions, except share amounts, which are reflected in thousands, and per share data):
Three Months Ended June 30,
20242023
Class AClass BClass AClass B
Basic and Diluted EPS:
Numerator
Net income attributable to Warner Music Group Corp.$39 $100 $34 $88 
Less: Net income attributable to participating securities (a)
(2)— (2)— 
Net income attributable to common stockholders$37 $100 $32 $88 
Denominator
Weighted average shares outstanding141,568 376,315 138,290 377,650 
Basic and Diluted EPS$0.27 $0.27 $0.23 $0.23 
Nine Months Ended June 30,
20242023
Class AClass BClass AClass B
Basic and Diluted EPS:
Numerator
Net income attributable to Warner Music Group Corp.$111 $283 $77 $201 
Less: Net income attributable to participating securities (a)
(5)— (4)— 
Net income attributable to common stockholders$106 $283 $73 $201 
Denominator
Weighted average shares outstanding140,531 376,868 137,990 377,650 
Basic and Diluted EPS$0.75 $0.75 $0.53 $0.53 
______________________________________
(a)Participating securities include unvested restricted stock units, which include the right to receive non-forfeitable dividend equivalents.