Warner Music Group — May 7, 2026 release

REPORTS RESULTS FOR FISCAL SECOND QUARTER ENDED MARCH 31, 2026 Financial Highlights • Double-Digit Revenue Growth Underpinned by Strong Operating Performance across Recorded Music and Music Publishing • Acceleration in Recorded Music Streaming Growth Driven by Per Subscriber Minimum Increases and Continued Market Share Gains • Robust Margin Expansion Supported by Operating Performance and Cost-Savings Delivery; High End of 150-200 Basis Points Full-Year Margin Expansion Guidance Expected • Joint Venture with Bain Acquired $650 million in Recorded Music and Music Publishing Catalogs For the three months ended March 31, 2026 • Total revenue increased 17%, or 12% in constant currency • Net income was $181 million compared to $36 million in the prior-ye ar quar ter • Operating income increased 57% to $264 million versus $168 million in the prior-year quarter • Adjusted OIBDA increased 31% to $397 million versus $303 million in the prior-year quarter, or 24% in constant currency • Earnings per share was $0.35 compared to $0.07 in the prior-year quarter • Adjusted earnings per share was $0.44 compared to $0.32 in the prior-year quarter • Cash provided by operating activities increased to $126 million versus $69 million in the prior-year quarter NEW YORK, New York, May 7, 2026—Warner Music Group Corp. today announced its second-quarter financial results for the period ended March 31, 2026. “Our Q2 results demonstrate the powerful combination of creative and operational success, as well as financial discipline, providing clear evidence that our strategic transformation is working,” said Robert Kyncl, CEO, Warner Music Group. “A