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, 2026 and 2025 (in millions, except share amounts, which are reflected in thousands, and per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | 2026 | | 2025 | | | | | | Class A | | Class B | | Class A | | Class B | | | | | | | | | | Numerator | | | | | | | | | | | | | | | | | Net income (loss) attributable to Warner Music Group Corp. | $ | 58 | | | $ | 146 | | | $ | (4) | | | $ | (12) | | | | | | | | | | Less: Net loss (income) attributable to participating securities (a) | (2) | | | — | | | — | | | — | | | | | | | | | | Net income (loss) attributable to common stockholders - Basic | $ | 56 | | | $ | 146 | | | $ | (4) | | | $ | (12) | | | | | | | | | | Less: Net loss (income) attributable to shares to be issued on redemption of noncontrolling interests | — | | | (1) | | | — | | | — | | | | | | | | | | Net income (loss) attributable to common stockholders - Diluted | $ | 56 | | | $ | 145 | | | $ | (4) | | | $ | (12) | | | | | | | | | | | Denominator | | | | | | | | | | | | | | | | Weighted average shares outstanding - Basic | 146,297 | | | 375,380 | | | 145,878 | | | 375,380 | | | | | | | | | | | | | | | | | | | | | | | | | | Shares to be issued on redemption of noncontrolling interests | 2,739 | | | — | | | — | | | — | | | | | | | | | | Weighted average shares outstanding - Diluted | 149,036 | | | 375,380 | | | 145,878 | | | 375,380 | | | | | | | | | | | | | | | | | | | | | | | | | | Earnings Per Share - Basic | $ | 0.39 | | | $ | 0.39 | | | $ | (0.03) | | | $ | (0.03) | | | | | | | | | | Earnings Per Share - Diluted | $ | 0.38 | | | $ | 0.39 | | | $ | (0.03) | | | $ | (0.03) | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended June 30, | | | | | | | | | | 2026 | | 2025 | | | | | | | | | | Class A | | Class B | | Class A | | Class B | | | | | | | | | | Numerator | | | | | | | | | | | | | | | | | Net income (loss) attributable to Warner Music Group Corp. | $ | 162 | | | $ | 401 | | | $ | 73 | | | $ | 183 | | | | | | | | | | Less: Net loss (income) attributable to participating securities (a) | (6) | | | — | | | (3) | | | — | | | | | | | | | | Net income (loss) attributable to common stockholders - Basic | $ | 156 | | | $ | 401 | | | $ | 70 | | | $ | 183 | | | | | | | | | | Less: Net loss (income) attributable to shares to be issued on redemption of noncontrolling interests | (1) | | | (3) | | | — | | | — | | | | | | | | | | Net income (loss) attributable to common stockholders - Diluted | $ | 155 | | | $ | 398 | | | $ | 70 | | | $ | 183 | | | | | | | | | | | Denominator | | | | | | | | | | | | | | | | Weighted average shares outstanding - Basic | 146,542 | | | 375,380 | | | 144,623 | | | 375,380 | | | | | | | | | | | | | | | | | | | | | | | | | | Shares to be issued on redemption of noncontrolling interests | 2,746 | | | — | | | — | | | — | | | | | | | | | | Weighted average shares outstanding - Diluted | 149,288 | | | 375,380 | | | 144,623 | | | 375,380 | | | | | | | | | | | | | | | | | | | | | | | | | | Earnings Per Share - Basic | $ | 1.07 | | | $ | 1.07 | | | $ | 0.49 | | | $ | 0.49 | | | | | | | | | | Earnings Per Share - Diluted | $ | 1.05 | | | $ | 1.06 | | | $ | 0.49 | | | $ | 0.49 | | | | | | | | | |
______________________________________ (a)Participating securities include unvested restricted stock units, which include the right to receive non-forfeitable dividend equivalents. Participating securities are not contractually obligated to share in losses.
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