REPORTS RESULTS FOR FISCAL FIRST QUARTER ENDED DECEMBER 31, 2024 Financial Highlights • Warner Music Group and Spotify Today Announced New, Multi-Year Agreement, Covering Both Recorded Music and Music Publishing • Music Publishing Delivers Continued Growth Led by Strength in Performance and Digital • Operating Cash Flow Growth of 13% with Conversion of 91% • Reaffirming Full-Year Recorded Music Subscription Streaming Revenue and Operating Cash Flow Conversion Guidance • Tempo Music Investment Demonstrates Disciplined M&A Strategy Focused on Accretive Opportunities For the three months ended December 31, 2024 • Total revenue decreased 5%, or 4% in constant currency • Net incom e increased 25% to $241 million versus $193 million in the prior-ye ar quar ter • Operating income decreased 40% to $214 million versus $354 million in the prior-year quarter • Adjusted OIBDA decreased 20% to $363 million, versus $451 million in the prior-year quarter, or 18% in constant currency • Cash provided by operating activities increased to $332 million, versus $293 million in the prior-year quarter NEW YORK, New York, February 6, 2025—Warner Music Group Corp. today announced its first-quarter financial results for the period ended December 31, 2024. Robert Kyncl, CEO of Warner Music Group said: “This quarter, we saw success with new stars, global superstars, longtime legends, and irreplaceable catalog. In our ongoing effort to both grow the pie and grow our share of the pie, we are increasing our A&R spend, acquiring valuable catalogs, and striking important agreeme

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Text is the filed exhibit, verbatim.