7Baggers

Warner Music Group Corp
(NASDAQ:WMG) 

WMG stock logo

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, and internationally. The company operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, a...

Founded: 2011
Full Time Employees: 5,500
CEO: Stephen F. Cooper  
Sector: Communication Services
Industry: Entertainment
MusicEntertainment
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2015-09-30 2012-09-30 2010-09-30 2009-12-31 2009-03-31 2005-09-30 
                                   
      revenue
    		1,732,000,000 1,840,000,000 1,868,000,000 1,689,000,000 1,484,000,000 1,666,000,000 1,630,000,000 1,554,000,000 1,494,000,000 1,748,000,000 1,586,000,000 1,564,000,000 1,399,000,000 1,488,000,000 1,497,000,000 1,432,000,000 1,376,000,000 1,614,000,000 1,376,000,000 1,340,000,000 1,250,000,000 1,335,000,000 834,250,000 1,010,000,000 1,071,000,000       
      yoy
    		16.71% 10.44% 14.60% 8.69% -0.67% -4.69% 2.77% -0.64% 6.79% 17.47% 5.95% 9.22% 1.67% -7.81% 8.79% 6.87% 10.08% 20.90% 64.94% 32.67% 16.71%           
      qoq
    		-5.87% -1.50% 10.60% 13.81% -10.92% 2.21% 4.89% 4.02% -14.53% 10.21% 1.41% 11.79% -5.98% -0.60% 4.54% 4.07% -14.75% 17.30% 2.69% 7.20% -6.37% 60.02% -17.40% -5.70%        
      costs and expenses:
    		                               
      cost of revenue
    		-930,000,000 -987,000,000 -1,034,000,000 -913,000,000 -791,000,000 -894,000,000 -854,000,000 -830,000,000 -791,000,000 -880,000,000 -845,000,000 -850,000,000 -721,000,000 -761,000,000 -799,000,000 -766,000,000 -697,000,000 -818,000,000 -752,000,000 -681,000,000 -623,000,000 -686,000,000 -606,000,000 -527,000,000 -535,000,000       
      selling, general and administrative expenses
    		-460,000,000 -458,000,000 -494,000,000 -471,000,000 -450,000,000 -474,000,000 -495,000,000 -462,000,000 -446,000,000 -476,000,000 -473,000,000 -461,000,000 -452,000,000 -440,000,000 -470,000,000 -451,000,000 -444,000,000 -497,000,000 -465,000,000 -437,000,000 -418,000,000 -401,000,000 -383,000,000 -869,000,000 -538,000,000    -304,000,000 -258,000,000  
      restructuring and impairments
    		-6,000,000 -34,000,000 -125,000,000 -69,000,000 -13,000,000 -27,000,000 -81,000,000 -1,000,000 -95,000,000                       
      amortization expense
    		-72,000,000 -68,000,000 -72,000,000 -67,000,000 -62,000,000 -57,000,000 -57,000,000 -55,000,000 -57,000,000 -55,000,000 -57,000,000 -64,000,000 -61,000,000 -63,000,000 -65,000,000 -69,000,000 -69,000,000 -60,000,000 -59,000,000 -60,000,000 -58,000,000 -52,000,000 -49,000,000 -47,000,000 -47,000,000       
      total costs and expenses
    		-1,468,000,000 -1,547,000,000 -1,725,000,000 -1,520,000,000 -1,316,000,000 -1,452,000,000 -1,487,000,000 -1,348,000,000 -1,389,000,000 -1,411,000,000 -1,374,000,000 -1,375,000,000 -1,275,000,000 -1,264,000,000 -1,334,000,000 -1,286,000,000 -1,210,000,000 -1,375,000,000 -1,276,000,000 -1,178,000,000 -1,099,000,000 -1,139,000,000 -1,038,000,000 -1,443,000,000 -1,120,000,000    -871,000,000 -653,000,000  
      net loss on divestitures
    		 -5,000,000                              
      operating income
    		264,000,000 288,000,000 143,000,000 169,000,000 168,000,000 214,000,000 143,000,000 207,000,000 119,000,000 354,000,000 212,000,000 189,000,000 124,000,000 265,000,000 163,000,000 146,000,000 166,000,000 239,000,000 100,000,000 162,000,000 151,000,000 196,000,000 88,000,000 -433,000,000 -49,000,000    47,000,000   
      yoy
    		57.14% 34.58% 0.00% -18.36% 41.18% -39.55% -32.55% 9.52% -4.03% 33.58% 30.06% 29.45% -25.30% 10.88% 63.00% -9.88% 9.93% 21.94% 13.64% -137.41% -408.16%    -204.26%       
      qoq
    		-8.33% 101.40% -15.38% 0.60% -21.50% 49.65% -30.92% 73.95% -66.38% 66.98% 12.17% 52.42% -53.21% 62.58% 11.64% -12.05% -30.54% 139.00% -38.27% 7.28% -22.96% 122.73% -120.32% 783.67%        
      operating margin %
    		15.24% 15.65% 7.66% 10.01% 11.32% 12.85% 8.77% 13.32% 7.97% 20.25% 13.37% 12.08% 8.86% 17.81% 10.89% 10.20% 12.06% 14.81% 7.27% 12.09% 12.08% 14.68% 10.55% -42.87% -4.58%   NaN% Infinity% NaN%  
      loss on extinguishment of debt
    		-7,000,000           -4,000,000       -10,000,000 -12,000,000            
      interest expense
    		-41,000,000 -45,000,000 -43,000,000 -43,000,000 -39,000,000 -37,000,000 -40,000,000 -40,000,000 -42,000,000 -39,000,000 -36,000,000 -38,000,000 -35,000,000 -32,000,000 -31,000,000 -32,000,000 -32,000,000 -30,000,000 -29,000,000 -30,000,000 -32,000,000 -31,000,000 -29,000,000 -32,000,000 -33,000,000    -51,000,000 -41,000,000  
      other income
    		38,000,000 3,000,000 -12,000,000 -137,000,000 -64,000,000 153,000,000 -52,000,000 4,000,000 37,000,000  36,000,000 20,000,000 -31,000,000 -61,000,000 55,000,000 50,000,000 -8,000,000 54,000,000  -18,000,000 49,000,000  -45,000,000 -3,000,000 -4,000,000       
      income before income taxes
    		254,000,000 246,000,000 106,000,000 -11,000,000 65,000,000 330,000,000 51,000,000 171,000,000 114,000,000 265,000,000 212,000,000 167,000,000 58,000,000 172,000,000 187,000,000 164,000,000 126,000,000 263,000,000 52,000,000 102,000,000 168,000,000 134,000,000 -20,000,000 -468,000,000 -86,000,000    -3,000,000   
      income tax expense
    		-73,000,000 -71,000,000 3,000,000 -5,000,000 -29,000,000 -89,000,000 -3,000,000 -30,000,000 -18,000,000 -72,000,000 -58,000,000 -43,000,000 -21,000,000 -48,000,000 -37,000,000 -39,000,000 -34,000,000 -75,000,000 -22,000,000 -41,000,000  -35,000,000       -13,000,000 -10,000,000  
      net income
    		181,000,000 175,000,000 109,000,000 -16,000,000 36,000,000 241,000,000 48,000,000 141,000,000 96,000,000 193,000,000 154,000,000 124,000,000 37,000,000 124,000,000 150,000,000 125,000,000 92,000,000 188,000,000 30,000,000 61,000,000 117,000,000 99,000,000 1,000,000 -519,000,000 -74,000,000    -16,000,000 -68,000,000  
      yoy
    		402.78% -27.39% 127.08% -111.35% -62.50% 24.87% -68.83% 13.71% 159.46% 55.65% 2.67% -0.80% -59.78% -34.04% 400.00% 104.92% -21.37% 89.90% 2900.00% -111.75% -258.11%    362.50%       
      qoq
    		3.43% 60.55% -781.25% -144.44% -85.06% 402.08% -65.96% 46.88% -50.26% 25.32% 24.19% 235.14% -70.16% -17.33% 20.00% 35.87% -51.06% 526.67% -50.82% -47.86% 18.18% 9800.00% -100.19% 601.35%     -76.47%   
      net income margin %
    		10.45% 9.51% 5.84% -0.95% 2.43% 14.47% 2.94% 9.07% 6.43% 11.04% 9.71% 7.93% 2.64% 8.33% 10.02% 8.73% 6.69% 11.65% 2.18% 4.55% 9.36% 7.42% 0.12% -51.39% -6.91%   NaN% -Infinity% -Infinity%  
      less: loss attributable to noncontrolling interest
    		2,000,000 1,000,000                              
      net income attributable to warner music group corp.
    		183,000,000 176,000,000 109,000,000 -16,000,000 36,000,000 236,000,000 41,000,000 139,000,000 96,000,000 159,000,000 152,000,000 122,000,000 34,000,000 122,000,000 148,000,000 124,000,000 92,000,000 187,000,000 28,000,000 61,000,000 117,000,000 98,000,000 -1,000,000 -520,000,000 -74,000,000    -17,000,000   
      net income per share
    		                               
      class a – basic
    		0.35                               
      class a – diluted
    		0.34                               
      class b – basic
    		0.35                               
      class b – diluted
    		0.34                               
      weighted-average common shares:
    		                               
      class b – basic and diluted
    		375,380 0.33 0.2 -0.03 0.07 0.45 0.08 0.27 0.18 0.3 0.29 0.23 0.06 0.23 0.29 0.24 0.18 0.36 0.05 0.12 0.22 0.19 -0.01 -1.03        
      (a) includes depreciation expense:
    		-31 -31 -32 -29 -28 -29 -26 -25 -26 -26 -22 -22 -22 -21 -17 -18 -20 -21 -20 -19 -19,000,000 -19,000,000 -13,250,000 -15,000,000 -14,000,000       
      class a – basic and diluted
    		 0.33 0.2 -0.03 0.07 0.45 0.08 0.27 0.18 0.3 0.29 0.23 0.06 0.23 0.29 0.24 0.18 0.36 0.05 0.12 0.23 0.18 0.27 -1.03        
      net gain on divestitures
    		       1,000,000 14,000,000 17,000,000                      
      less: income attributable to noncontrolling interest
    		     -5,000,000 -7,000,000 -2,000,000  -34,000,000 -2,000,000 -2,000,000 -3,000,000 -2,000,000 -2,000,000 -1,000,000  -1,000,000 -2,000,000   -1,000,000 -2,000,000 -1,000,000        
      other expense
    		         -50,000,000            -31,000,000       1,000,000 -3,000,000  
      restructuring
    		          1,000,000  -41,000,000                   
      net gain on divestiture
    		             41,000,000                  
      income tax benefit
    		                    -51,000,000  -11,000,000 -51,000,000 12,000,000       
      net income per share
    		                               
      basic and diluted
    		                        -0.15       
      weighted-average common shares:
    		                               
      basic and diluted
    		                        501,991,944       
      revenues
    		                            918,000,000 668,000,000  
      cost of revenues
    		                            -511,000,000 -339,000,000  
      amortization of intangible assets
    		                            -56,000,000 -56,000,000  
      gain on sale of equity-method investment
    		                               
      gain on foreign exchange transaction
    		                               
      impairment of equity-method investment
    		                               
      less: noncontrolling interest loss
    		                            -1,000,000   
      net income per common share attributable to warner music group corp.:
    		                               
      basic
    		                            -110,000   
      diluted
    		                            -110,000   
      weighted-average common shares:
    		                               
      basic
    		                           149.7 149,500,000 149.5  
      diluted
    		                           149.7 149,500,000 149.5  
      (a) includes depreciation expense of:
    		                            -9,000,000 -9  
      operating income from continuing operations
    		                             15,000,000  
      minority interest income
    		                               
      gain on sale of equity investment
    		                               
      impairment of cost-method investments
    		                             -29,000,000  
      impairment of equity investment
    		                               
      loss from continuing operations before income taxes
    		                             -58,000,000  
      loss from continuing operations
    		                             -68,000,000  
      loss from discontinued operations, net of taxes
    		                               
      net loss per common share:
    		                               
      basic earnings per share:
    		                               
      loss from discontinued operations
    		                               
      diluted earnings per share:
    		                               
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2019-12-31 2019-09-30 2019-06-30 2009-12-31 2009-03-31 2005-09-30 
                                  
        assets
      		                            
        current assets:
      		                            
        cash and equivalents
      		741,000,000 751,000,000 532,000,000 527,000,000 637,000,000 802,000,000 694,000,000 607,000,000 587,000,000 754,000,000 641,000,000 600,000,000 601,000,000 720,000,000 584,000,000 345,000,000 385,000,000 450,000,000 499,000,000 442,000,000 588,000,000 566,000,000 462,000,000 619,000,000 541,000,000 339,000,000 658,000,000 288,000,000 
        accounts receivable
      		1,505,000,000 1,374,000,000 1,340,000,000 1,305,000,000 1,218,000,000 1,201,000,000 1,255,000,000 1,222,000,000 1,197,000,000 1,195,000,000 1,120,000,000 1,113,000,000 1,017,000,000 1,004,000,000 984,000,000 970,000,000 914,000,000 941,000,000 839,000,000 834,000,000 783,000,000 884,000,000 882,000,000 775,000,000 744,000,000    
        inventories
      		65,000,000 60,000,000 62,000,000 101,000,000 88,000,000 84,000,000 99,000,000 92,000,000 97,000,000 106,000,000 126,000,000 116,000,000 114,000,000 102,000,000 108,000,000 93,000,000 94,000,000 84,000,000 99,000,000 79,000,000 79,000,000 71,000,000 65,000,000 74,000,000 67,000,000 42,000,000 51,000,000 52,000,000 
        royalty advances expected to be recouped within one year
      		649,000,000 584,000,000 581,000,000 579,000,000 509,000,000 473,000,000 470,000,000 450,000,000 456,000,000 453,000,000 413,000,000 390,000,000 371,000,000 405,000,000 372,000,000 409,000,000 437,000,000 468,000,000 373,000,000 315,000,000 246,000,000 246,000,000 189,000,000 170,000,000 171,000,000 174,000,000 169,000,000 190,000,000 
        assets held for sale
      		68,000,000 80,000,000 89,000,000                          
        prepaid and other current assets
      		192,000,000 169,000,000 166,000,000 166,000,000 147,000,000 156,000,000 125,000,000 112,000,000 113,000,000 108,000,000 102,000,000 98,000,000 109,000,000 109,000,000 91,000,000 84,000,000 82,000,000 78,000,000 86,000,000 64,000,000 60,000,000 61,000,000 58,000,000 53,000,000 57,000,000    
        total current assets
      		3,220,000,000 3,018,000,000 2,770,000,000 2,678,000,000 2,599,000,000 2,716,000,000 2,643,000,000 2,483,000,000 2,450,000,000 2,616,000,000 2,402,000,000 2,317,000,000 2,212,000,000 2,340,000,000 2,139,000,000 1,901,000,000 1,912,000,000 2,021,000,000 1,896,000,000 1,734,000,000 1,756,000,000 1,828,000,000 1,656,000,000 1,691,000,000 1,580,000,000 1,160,000,000 1,301,000,000 1,242,000,000 
        royalty advances expected to be recouped after one year
      		1,082,000,000 1,082,000,000 1,079,000,000 1,075,000,000 945,000,000 878,000,000 874,000,000 837,000,000 759,000,000 755,000,000 688,000,000 584,000,000 557,000,000 546,000,000 503,000,000 500,000,000 534,000,000 566,000,000 457,000,000 385,000,000 301,000,000 307,000,000 231,000,000 208,000,000 209,000,000 214,000,000 207,000,000 190,000,000 
        property, plant and equipment, net of accumulated depreciation
      		414,000,000 418,000,000  472,000,000 503,000,000 491,000,000  464,000,000 462,000,000 466,000,000  454,000,000 440,000,000 430,000,000  403,000,000 386,000,000 378,000,000           
        operating lease right-of-use assets
      		168,000,000 179,000,000 189,000,000 216,000,000 217,000,000 221,000,000 225,000,000 226,000,000 233,000,000 242,000,000 245,000,000 252,000,000 233,000,000 220,000,000 226,000,000 239,000,000 253,000,000 258,000,000 268,000,000 273,000,000 267,000,000 275,000,000 289,000,000      
        goodwill
      		2,054,000,000 2,063,000,000 2,061,000,000 2,064,000,000 2,031,000,000 2,013,000,000 2,021,000,000 2,003,000,000 2,007,000,000 2,015,000,000 1,993,000,000 1,962,000,000 1,960,000,000 1,951,000,000 1,920,000,000 1,932,000,000 1,922,000,000 1,945,000,000 1,830,000,000 1,836,000,000 1,842,000,000 1,851,000,000 1,768,000,000 1,761,000,000 1,772,000,000 1,030,000,000 1,090,000,000 869,000,000 
        intangible assets subject to amortization
      		3,101,000,000 2,690,000,000 2,725,000,000 2,764,000,000 2,764,000,000 2,329,000,000 2,359,000,000 2,309,000,000 2,318,000,000 2,390,000,000 2,353,000,000 2,195,000,000 2,232,000,000 2,266,000,000 2,239,000,000 2,345,000,000 2,411,000,000 2,472,000,000 2,017,000,000 2,061,000,000 1,927,000,000 1,968,000,000 1,712,000,000 1,723,000,000 1,780,000,000 1,260,000,000 1,375,000,000 1,815,000,000 
        intangible assets not subject to amortization
      		153,000,000 154,000,000 154,000,000 154,000,000 151,000,000 149,000,000 152,000,000 150,000,000 150,000,000 151,000,000 149,000,000 150,000,000 150,000,000 149,000,000 145,000,000 149,000,000 152,000,000 152,000,000 154,000,000 156,000,000 154,000,000 156,000,000 152,000,000 151,000,000 153,000,000 100,000,000 100,000,000 100,000,000 
        deferred tax assets
      		90,000,000 90,000,000 111,000,000 46,000,000 41,000,000 40,000,000 52,000,000 29,000,000 30,000,000 31,000,000 32,000,000 27,000,000 28,000,000 29,000,000 29,000,000 22,000,000 22,000,000 3,000,000 31,000,000 35,000,000 42,000,000 62,000,000 59,000,000 38,000,000 7,000,000 29,000,000 30,000,000 36,000,000 
        other assets
      		330,000,000 317,000,000 299,000,000 308,000,000 317,000,000 309,000,000 348,000,000 329,000,000 322,000,000 325,000,000 225,000,000 209,000,000 198,000,000 198,000,000 212,000,000 208,000,000 189,000,000 220,000,000 194,000,000 213,000,000 202,000,000 162,000,000 152,000,000 145,000,000 158,000,000 63,000,000 61,000,000 104,000,000 
        total assets
      		10,612,000,000 10,011,000,000 9,829,000,000 9,777,000,000 9,568,000,000 9,146,000,000 9,155,000,000 8,830,000,000 8,731,000,000 8,991,000,000 8,545,000,000 8,150,000,000 8,010,000,000 8,129,000,000 7,828,000,000 7,699,000,000 7,781,000,000 8,015,000,000 7,211,000,000 7,040,000,000 6,830,000,000 6,943,000,000 6,314,000,000 6,017,000,000 5,955,000,000 3,934,000,000 4,257,000,000 4,498,000,000 
        liabilities, redeemable noncontrolling interest and equity
      		                            
        current liabilities:
      		                            
        accounts payable
      		452,000,000 201,000,000 257,000,000 241,000,000 347,000,000 189,000,000 289,000,000 200,000,000 306,000,000 246,000,000 300,000,000 249,000,000 282,000,000 220,000,000 268,000,000 265,000,000 320,000,000 274,000,000 302,000,000 226,000,000 235,000,000 214,000,000 202,000,000 260,000,000 208,000,000 191,000,000 186,000,000 247,000,000 
        accrued royalties
      		2,834,000,000 2,938,000,000 2,740,000,000 2,828,000,000 2,600,000,000 2,653,000,000 2,549,000,000 2,582,000,000 2,409,000,000 2,460,000,000 2,219,000,000 2,239,000,000 2,057,000,000 2,091,000,000 1,918,000,000 1,971,000,000 1,908,000,000 1,974,000,000 1,880,000,000 1,841,000,000 1,752,000,000 1,722,000,000 1,671,000,000 1,567,000,000 1,577,000,000 1,214,000,000 1,117,000,000 1,057,000,000 
        accrued liabilities
      		468,000,000 667,000,000 666,000,000 533,000,000 475,000,000 539,000,000 641,000,000 499,000,000 465,000,000 538,000,000 533,000,000 422,000,000 411,000,000 477,000,000 457,000,000 395,000,000 371,000,000 466,000,000 461,000,000 385,000,000 315,000,000 414,000,000 549,000,000 492,000,000 448,000,000 235,000,000   
        accrued interest
      		27,000,000 39,000,000 31,000,000 39,000,000 35,000,000 42,000,000 17,000,000 29,000,000 18,000,000 29,000,000 18,000,000 29,000,000 17,000,000 29,000,000 17,000,000 29,000,000 18,000,000 30,000,000 14,000,000 31,000,000 30,000,000 36,000,000 23,000,000 34,000,000 18,000,000 16,000,000   
        operating lease liabilities, current
      		48,000,000 47,000,000 43,000,000 43,000,000 47,000,000 47,000,000 45,000,000 43,000,000 43,000,000 43,000,000 41,000,000 41,000,000 41,000,000 39,000,000 40,000,000 39,000,000 40,000,000 43,000,000 43,000,000 43,000,000 42,000,000 41,000,000 38,000,000      
        deferred revenue
      		451,000,000 246,000,000 286,000,000 278,000,000 319,000,000 312,000,000 246,000,000 168,000,000 234,000,000 305,000,000 371,000,000 226,000,000 311,000,000 327,000,000 423,000,000 197,000,000 239,000,000 298,000,000 348,000,000 275,000,000 298,000,000 326,000,000 159,000,000 180,000,000 170,000,000 82,000,000   
        liabilities held for sale
      		38,000,000 48,000,000 49,000,000                          
        other current liabilities
      		103,000,000 124,000,000 129,000,000 88,000,000 93,000,000 141,000,000 110,000,000 52,000,000 58,000,000 124,000,000 57,000,000 84,000,000 68,000,000 158,000,000 245,000,000 227,000,000 235,000,000 272,000,000 102,000,000 101,000,000 112,000,000 137,000,000 157,000,000 286,000,000 123,000,000 21,000,000 235,000,000 404,000,000 
        total current liabilities
      		4,421,000,000 4,310,000,000 4,201,000,000 4,050,000,000 3,916,000,000 3,923,000,000 3,897,000,000 3,573,000,000 3,533,000,000 3,745,000,000 3,539,000,000 3,290,000,000 3,187,000,000 3,341,000,000 3,368,000,000 3,123,000,000 3,131,000,000 3,357,000,000 3,150,000,000 2,902,000,000 2,784,000,000 2,890,000,000 2,799,000,000 2,819,000,000 2,544,000,000 1,759,000,000 1,695,000,000 1,748,000,000 
        acquisition corp. long-term debt
      		4,046,000,000 4,064,000,000 4,063,000,000 4,061,000,000 3,990,000,000                        
        other long-term debt
      		673,000,000 307,000,000                           
        operating lease liabilities, noncurrent
      		174,000,000 188,000,000 200,000,000 212,000,000 216,000,000 222,000,000 228,000,000 232,000,000 239,000,000 249,000,000 255,000,000 264,000,000 247,000,000 234,000,000 241,000,000 255,000,000 269,000,000 275,000,000 287,000,000 293,000,000 288,000,000 298,000,000 321,000,000      
        deferred tax liabilities
      		180,000,000 169,000,000 164,000,000 204,000,000 214,000,000 209,000,000 195,000,000 251,000,000 236,000,000 223,000,000 216,000,000 205,000,000 220,000,000 223,000,000 220,000,000 241,000,000 236,000,000 195,000,000 207,000,000 211,000,000 162,000,000 166,000,000 171,000,000 172,000,000 236,000,000 165,000,000 225,000,000 201,000,000 
        other noncurrent liabilities
      		146,000,000 144,000,000 142,000,000 136,000,000 140,000,000 140,000,000 146,000,000 161,000,000 154,000,000 154,000,000 141,000,000 104,000,000 104,000,000 103,000,000 99,000,000 123,000,000 143,000,000 170,000,000 175,000,000 172,000,000 169,000,000 169,000,000 204,000,000 321,000,000 302,000,000 163,000,000 242,000,000 226,000,000 
        total liabilities
      		9,640,000,000 9,182,000,000 9,072,000,000 8,965,000,000 8,778,000,000 8,449,000,000 8,480,000,000 8,195,000,000 8,146,000,000 8,375,000,000 8,115,000,000 7,851,000,000 7,744,000,000 7,847,000,000 7,660,000,000 7,527,000,000 7,608,000,000 7,843,000,000 7,165,000,000 6,945,000,000 6,757,000,000 6,910,000,000 6,483,000,000 6,286,000,000 6,088,000,000 4,031,000,000 4,367,000,000 4,409,000,000 
        redeemable noncontrolling interest
      		133,000,000 5,000,000                           
        equity:
      		                            
        class a common stock, 0.001 par value...
      		                            
        class b common stock, 0.001 par value...
      		1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000       
        additional paid-in capital
      		2,134,000,000 2,154,000,000 2,166,000,000 2,102,000,000 2,088,000,000 2,091,000,000 2,077,000,000 2,053,000,000 2,043,000,000 2,039,000,000 2,015,000,000 2,007,000,000 2,000,000,000 1,984,000,000 1,975,000,000 1,975,000,000 1,971,000,000 1,973,000,000 1,942,000,000 1,934,000,000 1,924,000,000 1,913,000,000 1,128,000,000 1,128,000,000 1,128,000,000 604,000,000 595,000,000 548,000,000 
        accumulated deficit
      		-1,172,000,000 -1,255,000,000 -1,331,000,000 -1,340,000,000 -1,230,000,000 -1,171,000,000 -1,313,000,000 -1,260,000,000 -1,310,000,000 -1,317,000,000 -1,387,000,000 -1,450,000,000 -1,488,000,000 -1,439,000,000 -1,477,000,000 -1,542,000,000 -1,587,000,000 -1,601,000,000 -1,710,000,000 -1,660,000,000 -1,659,000,000 -1,713,000,000 -1,088,000,000 -1,177,000,000 -1,061,000,000 -803,000,000 -731,000,000 -480,000,000 
        accumulated other comprehensive loss
      		-225,000,000 -180,000,000 -189,000,000 -174,000,000 -292,000,000 -376,000,000 -247,000,000 -311,000,000 -301,000,000 -260,000,000 -322,000,000 -277,000,000 -261,000,000 -276,000,000 -347,000,000 -278,000,000 -231,000,000 -220,000,000 -202,000,000 -194,000,000 -209,000,000 -185,000,000 -230,000,000 -240,000,000 -219,000,000    
        total warner music group corp. equity
      		738,000,000 720,000,000 647,000,000 589,000,000 567,000,000 545,000,000 518,000,000 483,000,000 433,000,000 463,000,000 307,000,000 281,000,000 252,000,000 270,000,000 152,000,000 156,000,000 154,000,000 153,000,000 31,000,000 81,000,000 57,000,000 16,000,000       
        noncontrolling interest
      		101,000,000 104,000,000 110,000,000 223,000,000 223,000,000 152,000,000 157,000,000 152,000,000 152,000,000 153,000,000 123,000,000 18,000,000 14,000,000 12,000,000 16,000,000 16,000,000 19,000,000 19,000,000 15,000,000 14,000,000 16,000,000 17,000,000 21,000,000 20,000,000 19,000,000 58,000,000   
        total equity
      		839,000,000 824,000,000 757,000,000 812,000,000 790,000,000 697,000,000 675,000,000 635,000,000 585,000,000 616,000,000 430,000,000 299,000,000 266,000,000 282,000,000 168,000,000 172,000,000 173,000,000 172,000,000 46,000,000 95,000,000 73,000,000 33,000,000 -169,000,000 -269,000,000 -133,000,000 -97,000,000   
        total liabilities, redeemable noncontrolling interest and equity
      		10,612,000,000 10,011,000,000                           
        property, plant and equipment
      		  441,000,000    481,000,000    458,000,000    415,000,000    364,000,000 347,000,000 339,000,000 334,000,000 295,000,000 300,000,000 296,000,000 98,000,000 104,000,000 157,000,000 
        liabilities and equity
      		                            
        asset-based long-term debt
      		  302,000,000 302,000,000 302,000,000                        
        total liabilities and equity
      		  9,829,000,000 9,777,000,000 9,568,000,000 9,146,000,000 9,155,000,000 8,830,000,000 8,731,000,000 8,991,000,000 8,545,000,000 8,150,000,000 8,010,000,000 8,129,000,000 7,828,000,000 7,699,000,000 7,781,000,000 8,015,000,000 7,211,000,000 7,040,000,000 6,830,000,000 6,943,000,000 6,314,000,000 6,017,000,000 5,955,000,000    
        long-term debt
      		     3,955,000,000 4,014,000,000 3,978,000,000 3,984,000,000 4,004,000,000 3,964,000,000 3,988,000,000 3,986,000,000 3,946,000,000 3,732,000,000 3,785,000,000 3,829,000,000 3,846,000,000 3,346,000,000 3,367,000,000 3,354,000,000 3,387,000,000 2,988,000,000 2,974,000,000 3,006,000,000 1,944,000,000 2,205,000,000 2,229,000,000 
        equity
      		                            
        deficit:
      		                            
        common stock
      		                            
        total warner music group corp. deficit
      		                      -190,000,000 -289,000,000 -152,000,000    
        accounts receivable, less allowances
      		                         536,000,000 349,000,000 637,000,000 
        other current assets
      		                         40,000,000 44,000,000 39,000,000 
        investments
      		                         9,000,000 19,000,000 21,000,000 
        liabilities and deficit
      		                            
        commitments and contingencies
      		                            
        shareholders’ equity
      		                            
        accumulated other comprehensive income
      		                         44,000,000 26,000,000 21,000,000 
        total warner music group corp. shareholders’ equity
      		                         -155,000,000   
        total liabilities and deficit
      		                         3,934,000,000   
        liabilities and shareholders’ deficit
      		                            
        taxes and other withholdings
      		                          4,000,000 23,000,000 
        current portion of long-term debt
      		                          17,000,000 17,000,000 
        deferred income
      		                          136,000,000  
        shareholders’ deficit:
      		                            
        total shareholders’ deficit
      		                          -110,000,000  
        total liabilities and shareholders’ deficit
      		                          4,257,000,000  
        liabilities and shareholders’ equity
      		                            
        note payable to shareholders
      		                            
        dividends payable
      		                           5,000,000 
        minority interest in preferred stock of subsidiary
      		                            
        shareholders’ equity:
      		                            
        total shareholders’ equity
      		                           89,000,000 
        total liabilities and shareholders’ equity
      		                           4,498,000,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2009-12-31 
                                   
          cash flows from operating activities
        		                           
          net income
        		181,000,000 175,000,000 109,000,000 -16,000,000 36,000,000 241,000,000 48,000,000 141,000,000 96,000,000 193,000,000 154,000,000 124,000,000 37,000,000 124,000,000 150,000,000 125,000,000 92,000,000 188,000,000 30,000,000 61,000,000 117,000,000 99,000,000 1,000,000 -519,000,000 -74,000,000 122,000,000 -16,000,000 
          adjustments to reconcile net income to net cash from operating activities:
        		                           
          depreciation and amortization
        		103,000,000 99,000,000 104,000,000 96,000,000 90,000,000 86,000,000 83,000,000 80,000,000 83,000,000 81,000,000 79,000,000 86,000,000 83,000,000 84,000,000 82,000,000 87,000,000 89,000,000 81,000,000 79,000,000 79,000,000 77,000,000 71,000,000 67,000,000 62,000,000 61,000,000 71,000,000 65,000,000 
          unrealized losses and remeasurement of foreign-denominated loans and foreign currency forward exchange contracts
        		-44,000,000 3,000,000 -14,000,000 124,000,000 80,000,000 -120,000,000 58,000,000 -8,000,000 -43,000,000 61,000,000 -33,000,000 -22,000,000 14,000,000 79,000,000 -62,000,000 -50,000,000 -21,000,000 -36,000,000 -14,000,000 13,000,000 -41,000,000 45,000,000 40,000,000     
          deferred income taxes
        		14,000,000 25,000,000 -97,000,000 -17,000,000 1,000,000 23,000,000 -77,000,000 13,000,000 11,000,000 5,000,000 5,000,000 -15,000,000 2,000,000 -5,000,000 -24,000,000 7,000,000 11,000,000 19,000,000 0 13,000,000 12,000,000 2,000,000 -23,000,000 -3,000,000 -2,000,000 -29,000,000  
          loss on extinguishment of debt
        		          0        10,000,000         
          net gain on investments
        		0 1,000,000                          
          net loss on divestitures
        		0 5,000,000     0 -1,000,000 -14,000,000 -17,000,000                  
          non-cash interest expense
        		3,000,000 1,000,000 3,000,000 1,000,000 1,000,000 2,000,000 1,000,000 3,000,000   0 -1,000,000 1,000,000 2,000,000 2,000,000 1,000,000 2,000,000 1,000,000 2,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 2,000,000 1,000,000 10,000,000 
          non-cash stock-based compensation expense
        		12,000,000 19,000,000 11,000,000 16,000,000 14,000,000 13,000,000 24,000,000 10,000,000 9,000,000 9,000,000 7,000,000 7,000,000 21,000,000 14,000,000 4,000,000 5,000,000 6,000,000 24,000,000 12,000,000 12,000,000 15,000,000 6,000,000 8,000,000    3,000,000 
          non-cash impairments
        		2,000,000 9,000,000  70,000,000 6,000,000 26,000,000  0                    
          remeasurement of share-settled liability
        		                           
          changes in operating assets and liabilities:
        		                           
          accounts receivable
        		-142,000,000 -33,000,000 -40,000,000 -55,000,000 10,000,000 24,000,000 -15,000,000 -27,000,000 -15,000,000 -53,000,000 -19,000,000   7,000,000 -39,000,000 -74,000,000 18,000,000 -100,000,000 -10,000,000 -44,000,000 94,000,000 -98,000,000 -27,000,000 39,000,000 107,000,000 -101,000,000 7,000,000 
          inventories
        		-7,000,000 12,000,000   -1,000,000 10,000,000 -4,000,000 4,000,000 6,000,000 24,000,000   -11,000,000 13,000,000 -20,000,000 -3,000,000 -11,000,000 12,000,000 -21,000,000 1,000,000 -10,000,000 11,000,000 -18,000,000 7,000,000 -1,000,000 10,000,000 4,000,000 
          royalty advances
        		-65,000,000 -7,000,000 -17,000,000 -168,000,000 -85,000,000 -42,000,000 -39,000,000 -78,000,000 -16,000,000 -89,000,000 -124,000,000 -42,000,000 30,000,000 -55,000,000 -1,000,000 30,000,000 54,000,000 -177,000,000 -130,000,000 -149,000,000 3,000,000 -56,000,000 -67,000,000 6,000,000 -9,000,000 -38,000,000 -11,000,000 
          other noncurrent assets
        		1,000,000 7,000,000   -1,000,000 3,000,000 0 0                    
          accounts payable and accrued liabilities
        		-1,000,000 -34,000,000 163,000,000 -72,000,000 64,000,000 -183,000,000 205,000,000 -68,000,000 -20,000,000 -31,000,000 170,000,000 -28,000,000 -4,000,000 -61,000,000 82,000,000 -39,000,000 -62,000,000 -2,000,000 153,000,000 57,000,000 -84,000,000 -35,000,000 81,000,000 -4,000,000 -65,000,000 -44,000,000 -69,000,000 
          royalty payables
        		-83,000,000 195,000,000 -79,000,000 163,000,000 -90,000,000 173,000,000 -77,000,000 181,000,000 -31,000,000 202,000,000 6,000,000 183,000,000 -50,000,000 117,000,000 -4,000,000 107,000,000 -52,000,000 107,000,000 45,000,000 76,000,000 42,000,000 54,000,000 -24,000,000 22,000,000 -46,000,000 84,000,000  
          accrued interest
        		-12,000,000 8,000,000 -8,000,000 2,000,000 -11,000,000 24,000,000 -14,000,000   11,000,000 -11,000,000   12,000,000 -12,000,000 11,000,000 -12,000,000 16,000,000 -17,000,000   6,000,000 8,000,000   -11,000,000 -41,000,000 
          operating lease liabilities
        		-3,000,000 2,000,000 -3,000,000 -7,000,000 -3,000,000 -2,000,000 -1,000,000 -1,000,000 -2,000,000 -1,000,000 -2,000,000 -1,000,000 1,000,000 -2,000,000 0 1,000,000 -5,000,000 -2,000,000 0 -2,000,000 1,000,000 -2,000,000 -1,000,000 0 -3,000,000 1,000,000  
          deferred revenue
        		210,000,000 -44,000,000 16,000,000 -45,000,000 3,000,000 66,000,000 72,000,000 -66,000,000 -69,000,000 -70,000,000 149,000,000 -84,000,000 -19,000,000 -104,000,000 231,000,000 -38,000,000 -57,000,000 -50,000,000 74,000,000 -24,000,000 -27,000,000 24,000,000 103,000,000 25,000,000 7,000,000 -21,000,000  
          income taxes payable
        		                           
          other balance sheet changes
        		-31,000,000 -3,000,000 53,000,000 -35,000,000 -46,000,000 16,000,000 35,000,000 -4,000,000 -61,000,000 52,000,000 -30,000,000 25,000,000 -95,000,000 25,000,000   -47,000,000 59,000,000 -15,000,000 -22,000,000 -26,000,000 55,000,000 -3,000,000 51,000,000 -71,000,000 34,000,000 9,000,000 
          net cash from operating activities
        		126,000,000 440,000,000 231,000,000 46,000,000 69,000,000 332,000,000 304,000,000 188,000,000 -31,000,000 293,000,000 338,000,000 146,000,000 -6,000,000 209,000,000 406,000,000 163,000,000 44,000,000 129,000,000 228,000,000 91,000,000 150,000,000 169,000,000 176,000,000 123,000,000 86,000,000 78,000,000 -42,000,000 
          cash flows from investing activities
        		                           
          acquisition of music publishing rights and music catalogs
        		-427,000,000 -30,000,000 -43,000,000 -32,000,000 -79,000,000 -41,000,000 -64,000,000 -41,000,000 -23,000,000 -59,000,000 -61,000,000 -11,000,000 -9,000,000 -33,000,000 -13,000,000 -9,000,000 -4,000,000 -165,000,000 -22,000,000 -132,000,000 -3,000,000 -324,000,000 -12,000,000 -10,000,000    
          capital expenditures
        		-27,000,000 -20,000,000 -28,000,000 -39,000,000 -36,000,000 -36,000,000 -33,000,000 -28,000,000 -26,000,000 -29,000,000 -38,000,000 -33,000,000 -35,000,000 -21,000,000 -38,000,000 -35,000,000 -28,000,000 -34,000,000 -35,000,000 -20,000,000 -20,000,000 -18,000,000 -37,000,000 -20,000,000 -13,000,000 -15,000,000 -7,000,000 
          free cash flows
        		99,000,000 420,000,000 203,000,000 7,000,000 33,000,000 296,000,000 271,000,000 160,000,000 -57,000,000 264,000,000 300,000,000 113,000,000 -41,000,000 188,000,000 368,000,000 128,000,000 16,000,000 95,000,000 193,000,000 71,000,000 130,000,000 151,000,000 139,000,000 103,000,000 73,000,000 63,000,000 -49,000,000 
          investments and acquisitions of businesses, net of cash received
        		-17,000,000 -12,000,000 0 0 -6,000,000 -40,000,000 -14,000,000 -9,000,000 0 -17,000,000 -100,000,000 -9,000,000 -9,000,000 -8,000,000 -10,000,000 -70,000,000 -4,000,000 -425,000,000 -15,000,000 -10,000,000 -38,000,000 -1,000,000 -83,000,000 -6,000,000 1,000,000 -6,000,000  
          proceeds from the sale of investments
        		  4,000,000 0 0 36,000,000 1,000,000 0 3,000,000 9,000,000 0 0 12,000,000 10,000,000 0 0           9,000,000 
          proceeds from divestitures
        		0 10,000,000     0 2,000,000 13,000,000 4,000,000 3,000,000 0 0 42,000,000              
          net cash from investing activities
        		-471,000,000 -52,000,000 -67,000,000 -71,000,000 -121,000,000 -81,000,000 -110,000,000 -76,000,000 -33,000,000 -92,000,000 -196,000,000 -53,000,000 -41,000,000 -10,000,000 -61,000,000 -114,000,000 -25,000,000 -624,000,000 -72,000,000 -162,000,000 -61,000,000 -343,000,000 -132,000,000 -36,000,000 -19,000,000 -32,000,000 -2,000,000 
          cash flows from financing activities
        		                           
          proceeds from senior term loan a facility
        		                           
          repayment of senior term loan b facility
        		                           
          proceeds from beethoven credit agreement
        		366,000,000 4,000,000                          
          deferred financing costs paid
        		-4,000,000 -8,000,000     0 0   0 -1,000,000 0 -2,000,000 0 0 -1,000,000 -4,000,000 -4,000,000 -4,000,000 -1,000,000 -3,000,000 -16,000,000     
          distribution to noncontrolling interest holders
        		-3,000,000 -4,000,000 -7,000,000 0 -1,000,000 -7,000,000 -2,000,000 -1,000,000 -1,000,000 -4,000,000 -1,000,000 -4,000,000 -1,000,000 -6,000,000 -1,000,000 -4,000,000 0 -1,000,000 -1,000,000         
          contributions from redeemable noncontrolling interest holder
        		129,000,000 5,000,000                          
          dividends paid
        		-100,000,000 -100,000,000 -100,000,000 -94,000,000 -95,000,000 -94,000,000 -94,000,000 -89,000,000 -89,000,000 -89,000,000 -89,000,000 -84,000,000 -83,000,000 -84,000,000 -83,000,000 -79,000,000 -78,000,000 -78,000,000 -78,000,000 -62,000,000 -63,000,000 -62,000,000 -63,000,000 -37,000,000 -38,000,000 -206,000,000  
          payment of deferred consideration
        		-17,000,000 -25,000,000  0 -6,000,000 -17,000,000                      
          taxes paid related to net share settlement of restricted stock units and common stock
        		-21,000,000 -5,000,000 -1,000,000 0 -17,000,000 -2,000,000 0 0                    
          common stock repurchased and retired
        		-22,000,000 -26,000,000 -13,000,000 -1,000,000 0 -2,000,000                      
          other financing activity
        		   0 -2,000,000 -5,000,000                      
          net cash from financing activities
        		328,000,000 -159,000,000 -153,000,000 -96,000,000 -121,000,000 -127,000,000 -116,000,000 -90,000,000 -97,000,000 -93,000,000 -92,000,000 -90,000,000 -73,000,000 -70,000,000 -92,000,000 -83,000,000 -85,000,000 448,000,000 -96,000,000 -79,000,000 -64,000,000 178,000,000 -28,000,000 -43,000,000 -38,000,000 -207,000,000  
          effect of exchange rate changes on cash and equivalents
        		-5,000,000 3,000,000  11,000,000 8,000,000 -16,000,000 9,000,000 -2,000,000 -6,000,000 5,000,000 -9,000,000 -4,000,000 1,000,000 7,000,000 -14,000,000 -6,000,000 1,000,000 -2,000,000 -3,000,000 4,000,000 -3,000,000 9,000,000 5,000,000 4,000,000 -7,000,000 4,000,000  
          effect of change in cash balances classified as assets held for sale
        		                           
          net increase in cash and equivalents
        		-7,000,000 216,000,000    108,000,000 87,000,000 20,000,000 -167,000,000 113,000,000 41,000,000 -1,000,000 -119,000,000 136,000,000   -65,000,000 -49,000,000   22,000,000 13,000,000 21,000,000   -157,000,000 -45,000,000 
          cash and equivalents at beginning of period
        		-3,000,000 535,000,000 0 0 0 694,000,000 0 0 0 641,000,000 0 0 0 584,000,000 0 0 0 499,000,000 0 0 0 553,000,000 0 0 0 619,000,000 384,000,000 
          cash and equivalents at end of period
        		-10,000,000 751,000,000 5,000,000 -110,000,000 -165,000,000 802,000,000 87,000,000 20,000,000 -167,000,000 754,000,000 41,000,000 -1,000,000 -119,000,000 720,000,000 239,000,000 -40,000,000 -65,000,000 450,000,000 57,000,000 -146,000,000 22,000,000 566,000,000 21,000,000 48,000,000 22,000,000 462,000,000 339,000,000 
          cash balances classified as assets held for sale
        		 -16,000,000                          
          net loss on investments
        		    1,000,000 -28,000,000 -2,000,000 1,000,000 -2,000,000 -3,000,000                  
          non-cash impairments and restructuring
        		                           
          partial proceeds from senior term loan facility refinancing
        		      62,000,000 0                    
          partial repayment of senior term loan facility refinancing
        		      -62,000,000 0                    
          proceeds from term loan mortgage
        		           0                
          repayment of term loan mortgage
        		  0                         
          payment of deferred and contingent consideration
        		          0 0 -8,000,000 -125,000,000              
          redemption of noncontrolling interests
        		                           
          net gain on divestitures
        		                           
          net decrease in cash and equivalents
        		   -110,000,000                        
          proceeds from issuance of 3.750% senior secured notes due 2029
        		              0 0 0 535,000,000          
          other
        		                           
          other non current assets
        		         -81,000,000                  
          proceeds from incremental senior term loan facility
        		            0 147,000,000              
          net loss on divestitures and investments
        		          -1,000,000 -6,000,000 3,000,000 -41,000,000 13,000,000 5,000,000   30,000,000 6,000,000 -18,000,000 -14,000,000 -4,000,000 -13,000,000    
          proceeds from incremental senior term loan facility - tranche g
        		                           
          proceeds from incremental senior term loan facility - tranche h
        		                           
          repayment of senior term loan facility - tranche h
        		          0                 
          proceeds from nashville term loan mortgage
        		                           
          proceeds from issuance of 3.000% senior secured notes due 2031
        		                  0 0 0 244,000,000      
          proceeds from issuance of 2.250% senior secured notes due 2031
        		                           
          repayment of 5.500% senior notes due 2026
        		                           
          repayment of 3.625% senior secured notes due 2026
        		                           
          call premiums paid on early redemption of debt
        		                  -13,000,000         
          taxes paid related to net share settlement of restricted stock units
        		              0 0            
          proceeds from senior term loan facility - tranche g
        		                           
          proceeds from senior term loan facility - tranche h
        		                           
          proceeds from increase supplement to senior term loan facility
        		                  0         
          proceeds from issuance of 3.875% senior secured notes due 2030
        		                           
          proceeds from issuance of 2.750% senior secured notes due 2028
        		                           
          repayment of 5.000% senior secured notes due 2023
        		                           
          repayment of 4.875% senior secured notes due 2024
        		                           
          repayment of 4.125% senior secured notes due 2024
        		                           
          partial repayment of senior term loan facility due 2023
        		                           
          cash paid to settle contingent consideration
        		               0 0 -4,000,000          
          net gain on divestitures and investments
        		                 -11,000,000        1,000,000  
          redemption of 5.500% senior notes due 2026
        		                           
          redemption of 3.625% senior secured notes due 2026
        		                           
          proceeds from issuance of acquisition corp. 3.625% senior secured notes
        		                           
          repayment of acquisition corp. 4.125% senior secured notes
        		                           
          repayment of acquisition corp. 4.875% senior secured notes
        		                           
          repayment of acquisition corp. 5.625% senior secured notes
        		                           
          distribution to noncontrolling interest holder
        		                    0 -1,000,000 -1,000,000 -5,000,000 0 -1,000,000  
          proceeds from issuance of acquisition corp. 5.500% senior notes
        		                           
          proceeds from supplement of acquisition corp. senior term loan facility
        		                           
          repayment of and redemption deposit for acquisition corp. 6.750% senior notes
        		                           
          call premiums paid and deposit on early redemption of debt
        		                           
          unrealized gains and remeasurement of foreign-denominated loans and foreign currency forward exchange contracts
        		                           
          equity-based compensation expense
        		                        167,000,000 -7,000,000  
          unrealized gains and remeasurement of foreign-denominated loans
        		                         5,000,000  
          acquisition of music publishing rights
        		                         -11,000,000  
          unrealized gains on remeasurement of foreign denominated loans
        		                           
          proceeds from issuance of acquisition corp. 5.50% senior notes
        		                           
          repayment of and redemption deposit for acquisition corp. 6.75% senior notes
        		                           
          net loss
        		                           
          loss from discontinued operations
        		                           
          loss from continuing operations
        		                           
          adjustments to reconcile net loss to net cash from operating activities:
        		                           
          gain on sale of equity-method investment
        		                           
          gain on foreign exchange transaction
        		                           
          gain on sale of building
        		                           
          impairment of equity-method investments
        		                           
          impairment of cost-method investments
        		                           
          deferred taxes
        		                          -3,000,000 
          non-cash, stock-based compensation expense
        		                           
          other non-cash adjustments
        		                           
          acquisition of publishing rights
        		                          -4,000,000 
          investments and acquisitions of businesses, net of cash acquired
        		                           
          repayments of loans by (loans to) third parties
        		                           
          proceeds from the sale of building
        		                           
          debt repayments
        		                           
          proceeds from issuance of acquisition corp. senior secured notes
        		                           
          distributions to noncontrolling interest holders
        		                           
          effect of foreign currency exchange rate changes on cash
        		                          -1,000,000 
          gain on sale of equity investment
        		                           
          impairment of equity investment
        		                           
          other non-cash items
        		                           
          repayments of loans to third parties
        		                           
          investments and acquisitions of businesses
        		                           
          minority interest expense
        		                           
          repayments by (loans to) third parties
        		                           
          impairment of goodwill and other intangible assets
        		                           
          loss on sale of physical distribution assets
        		                           
          loss on debt repayment
        		                           
          net investment-related losses
        		                           
          equity in the losses of equity-method investees, including distributions
        		                           
          unrealized loss on warrants
        		                           
          acquisition of old wmg
        		                           
          other investments and acquisitions
        		                           
          investment proceeds
        		                           
          borrowings
        		                           
          financing costs of borrowings
        		                           
          capital contributions
        		                           
          proceeds from the issuance of common stock
        		                           
          costs to issue common stock
        		                           
          proceeds from issuance of subsidiary preferred stock
        		                           
          repurchase of subsidiary preferred stock
        		                           
          dividends paid on subsidiary preferred stock
        		                           
          proceeds from the issuance of restricted shares
        		                           
          cash paid to repurchase warrant
        		                           
          returns of capital and dividends paid
        		                           
          loans to third parties
        		                           
          decrease in amounts due from time warner-affiliated companies
        		                           
          dividends paid to minority interest on subsidiary preferred stock or to time warner for predecessor periods
        		                           
          principal payments on capital lease