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Earnings per Share
6 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
The 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, less earnings available to participating securities, divided 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, less earnings available to participating securities, divided 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, 2025 and 2024.
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, 2025 and 2024 (in millions, except share amounts, which are reflected in thousands, and per share data):
Three Months Ended March 31,
20252024
Class AClass BClass AClass B
Basic and Diluted EPS:
Numerator
Net income attributable to Warner Music Group Corp.$10 $26 $27 $69 
Less: Net income attributable to participating securities (a)
— — (1)— 
Net income attributable to common stockholders$10 $26 $26 $69 
Denominator
Weighted average shares outstanding144,938 375,380 141,044 376,800 
Basic and Diluted EPS$0.07 $0.07 $0.18 $0.18 
Six Months Ended March 31,
20252024
Class AClass BClass AClass B
Basic and Diluted EPS:
Numerator
Net income attributable to Warner Music Group Corp.$78 $194 $71 $184 
Less: Net income attributable to participating securities (a)
(3)— (3)— 
Net income attributable to common stockholders$75 $194 $68 $184 
Denominator
Weighted average shares outstanding143,995 375,380 140,013 377,145 
Basic and Diluted EPS$0.52 $0.52 $0.49 $0.49 
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(a)Participating securities include unvested restricted stock units, which include the right to receive non-forfeitable dividend equivalents.