WMG · Warner Music Group Corp.

Financial Highlights High-Single-Digit Revenue Growth Reflects Broad-Based Strength Across Recorded Music and Music Publishing Continued Market Share Gains and Healthy Underlying Trends Drive Acceleration in Recorded Music Streaming Growth Double-Digit Margin Expansion and Operating Cash Flow Growth Supported by Operating Performance and Cost-Savings Delivery 2026 Outlook Underpinned by Strategic Plan to Accelerate Growth through Investments in Core Business, Expansion of Monetization Opportunities, and Cost Savings Initiatives Which Will Drive 150 to 200 Basis Points of Margin Improvement For the three months ended December 31, 2025 Total revenue increased 10%, or 7% in constant currency Net income was $175 million compared to $241 million in the prior-year quarter Operating income increased 35% to $288 million versus $214 million in the prior-year quarter Adjusted OIBDA increased 28% to $463 million versus $363 million in the prior-year quarter, or 22% in constant currency Cash

Warner Music Group (NASDAQ: WMG) today announced that highly regarded editor and journalist Hannah Karp has been named EVP & Chief Communications Officer, effective January 26. She joins the company's executive leadership team following a decade at Billboard , where she was most recently Editor-in-Chief. Karp will be based in New York and report to WMG CEO Robert Kyncl. Karp will spearhead WMG's global communications and brand marketing strategies, ensuring a unified approach across its diverse portfolio of businesses. In addition to managing all internal and external messaging, Karp will oversee the company's philanthropic efforts and special events. Kyncl said: "Hannah's expert insights, sharp instincts, and innovative approach to storytelling make her the ideal leader to help shape and communicate our future-focused vision during a time of rapid and dynamic evolution. She is widely respected across the business and creative communities, bringing invaluable relationships

Warner Music Group Corp. will release its financial results on Thursday, February 5, 2026, for the first quarter ended December 31, 2025, and will hold an earnings conference call that afternoon at 4:30 p.m. ET. To access the conference call, please register here . Once registered, you will receive an email with unique dial in details with a PIN to join the call. We suggest you call in 10 minutes prior to the start time. If you do not anticipate asking a question, we recommend joining via the webcast here . The replay of the conference call will also be available via the webcast at investors.wmg.com. About Warner Music Group Warner Music Group (WMG) brings together artists, songwriters, entrepreneurs, and technology that are moving entertainment culture across the globe. Operating in more than 70 countries through a network of affiliates and licensees, WMG’s Recorded Music division includes renowned labels such as 10K Projects, 300 Entertainment, Asylum, Atlantic, Big Beat, EastWest,