Warner Music Group — Aug 5, 2026 release

REPORTS RESULTS FOR FISCAL THIRD QUARTER ENDED JUNE 30, 2026 Financial Highlights • Robust Revenue Growth Underpinned by Strong Operating Performance across Recorded Music and Music Publishing • Double-Digit Recorded Music Subscription Streaming Growth Driven by Improved Terms with DSP Partners, Positive Industry Trends, and Resilient Global Market Share • Margin Expansion Supported by Revenue Mix and Cost-Savings Delivery; Continue to Expect High End of 150-200 Basis Points Full-Year Margin Expansion Guidance • $100 million Cash Balance Increase over Prior-Year Quarter Driven by Strong Operating Cash Flow Growth; Reiterate 50-60% Operating Cash Flow Conversion Target for FY2026 For the three months ended June 30, 2026 • Total revenue increased 10%, or 9% in constant currency • Net income was $200 million compared to a loss of $16 million in the prior-year quarter • Operating income increased 80% to $305 million versus $169 million in the prior-year quarter • Adjusted OIBDA increased 16% to $433 million versus $373 million in the prior-year quarter, or 15% in constant currency • Earnings per share was $0.39 compared to $(0.03) in the prior-year quarter • Adjusted earnings per share was $0.51 compared to $0.42 in the prior-year quarter • Cash provided by operating activities increased to $142 million versus $46 million in the prior-year quarter NEW YORK, New York, August 5, 2026—Warner Music Group Corp. today announced its third-quarter financial results for the period ended June 30, 2026. “For the fifth consecutive quarter, WMG has delivered or over-delivered on our targets, proving the strength of our strategy and the momentum of our business," said Robert Kyncl, CEO, Warner Music Group. "Our performance - driven by robust subscription streaming growth, market share gains, and disciplined operating leverag