Warner Music Group Corp. · NASDAQ:WMG

Warner Music — Q1 2026 Earnings Presentation

4 slides from Warner Music's earnings presentation, Feb 5, 2026

1. Slide 1: Fiscal Q1 2026 Earnings Snapshot

   FISCAL Q1 2026 Earnings Snapshot © Warner Music Group 2026 Confidential

2. Slide 2: Non-GAAP Financial Measures

   Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures. This presentation is a supplement to, We provide reconciliations to these non-GAAP financial measures to the and should be read in conjunction most directly comparable GAAP financial measures in our earnings

3. Slide 3: Q1 2026 Highlights: Revenue, Adjusted OIBDA, Cash Flow, Deals

   Q1 2026 DELIVERED HIGHSINGLEDIGIT REVENUE INNOVATIVE DEALS, PARTNERSHIPS, AND LAUNCHES GROWTH, DOUBLEDIGIT ADJUSTED OIBDA GROWTH, AND STRONG CASH FLOW ● Partnered with Suno, the leader in AI music, to collaborate on next-generation licensed AI music that empowers the creative community and opens

4. Slide 4: Key Metrics & Adjusted Metrics

   Q1 2026 KEY METRICS & ADJUSTED METRICS RM SPOTLIGHT MP SPOTLIGHT 7% 9% 20% 9% 1% 19% Revenue Streaming Adj. OIBDA Revenue Streaming Adj. OIBDA Revenue Revenue 6% 8% 16% 15% 10% 25% BRUNO MARS AMY WCM ZACH ALLEN SONGWRITERS Hit No. 1 on the Billboard Hot 100 BRYAN Won Songwriter of the Co

Warner Music Group — Q1 2026 Earnings Presentation on 6ix