XML 23 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Revenue $ 1,484 $ 1,494 $ 3,150 $ 3,242
Costs and expenses:        
Cost of revenue (791) (791) (1,685) (1,671)
Selling, general and administrative expenses [1] (450) (446) (924) (922)
Restructuring and impairments (13) (95) (40) (95)
Amortization expense (62) (57) (119) (112)
Total costs and expenses (1,316) (1,389) (2,768) (2,800)
Net gain on divestitures 0 14 0 31
Operating income 168 119 382 473
Interest expense, net (39) (42) (76) (81)
Other (expense) income (64) 37 89 (13)
Income before income taxes 65 114 395 379
Income tax expense (29) (18) (118) (90)
Net income 36 96 277 289
Less: Income attributable to noncontrolling interest 0 0 (5) (34)
Net income attributable to Warner Music Group Corp. 36 96 272 255
Class A Common Stock        
Costs and expenses:        
Net income attributable to Warner Music Group Corp. $ 10 $ 27 $ 78 $ 71
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.07 $ 0.18 $ 0.52 $ 0.49
Diluted (in dollars per share) $ 0.07 $ 0.18 $ 0.52 $ 0.49
Weighted average common shares:        
Basic (in shares) 144,938,000 141,044,000 143,995,000 140,013,000
Diluted (in shares) 144,938,000 141,044,000 143,995,000 140,013,000
Class B Common Stock        
Costs and expenses:        
Net income attributable to Warner Music Group Corp. $ 26 $ 69 $ 194 $ 184
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.07 $ 0.18 $ 0.52 $ 0.49
Diluted (in dollars per share) $ 0.07 $ 0.18 $ 0.52 $ 0.49
Weighted average common shares:        
Basic (in shares) 375,380,000 376,800,000 375,380,000 377,145,000
Diluted (in shares) 375,380,000 376,800,000 375,380,000 377,145,000
[1]
Includes depreciation expense of $(29) and $(26) for the three months ended December 31, 2024 and December 31, 2023, respectively.