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Segment Information (Tables)
12 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information While intercompany transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses recognized by the segment that is counterparty to the transaction) are eliminated in consolidation, and therefore, do not themselves impact consolidated results.
Recorded
Music
Music
Publishing
Corporate
expenses and
eliminations
Total
(in millions)
2025
Revenues$5,408 $1,306 $(7)$6,707 
Cost of revenue
2,818 821 (7)3,632 
Selling and marketing expense
615 24 642 
Distribution expense
112 — — 112 
General and administrative expense679 131 325 1,135 
Restructuring & Impairment198 31 234 
Amortization expense136 122 — 258 
Operating income (loss)
850 224 (380)694 
Total assets5,328 3,463 1,038 9,829 
Capital expenditures22 114 139 
Depreciation expense (a)
53 60 118 
2024
Revenues$5,223 $1,210 $(7)$6,426 
Cost of revenue
2,599 763 (7)3,355 
Selling and marketing expense
663 20 685 
Distribution expense
105 — — 105 
General and administrative expense664 123 302 1,089 
Restructuring & Impairment166 — 11 177 
Amortization expense127 98 (1)224 
Net gain on divestitures(17)(14)(1)(32)
Operating income (loss)
916 238 (331)823 
Total assets4,945 3,017 1,193 9,155 
Capital expenditures28 87 116 
Depreciation expense (a)
52 47 103 
2023
Revenues$4,955 $1,088 $(6)$6,037 
Cost of revenue
2,502 681 (6)3,177 
Selling and marketing expense
695 12 710 
Distribution expense
125 — — 125 
General and administrative expense604 114 273 991 
Restructuring & Impairment40 — — 40 
Amortization expense155 90 — 245 
Net gain on divestitures(41)— — (41)
Operating income (loss)
875 200 (285)790 
Capital expenditures39 87 127 
Depreciation expense (a)
50 34 87 
(a) Depreciation expense is a component of general and administrative expense
Schedule of Long-Lived Assets and Revenue by Geographical Areas Total long-lived assets relating to operations in different geographical areas, which consist of property, plant and equipment, net and operating lease right-of-use assets, net, are set forth below as of September 30, 2025 and September 30, 2024.
202520242023
RevenuesLong-lived AssetsRevenuesLong-lived AssetsRevenues
(in millions)
United States$2,874 $450 $2,870 $460 $2,766 
United Kingdom857 34 774 39 726 
Germany515 46 513 99 535 
All other territories2,461 121 2,269 108 2,010 
Total$6,707 $651 $6,426 $706 $6,037