Barrow Hanley (WMG) discloses 5.34% beneficial ownership stake

Rhea-AI Filing Summary

Warner Music Group Corp received a Schedule 13G reporting that institutional investor Barrow Hanley Global Investors, a Delaware LLC, beneficially owns 7,854,372 shares of its common stock, representing 5.34% of the class as of 12/31/2025.

Barrow Hanley reports sole voting power over 5,840,297 shares and shared voting power over 2,014,075 shares, with sole dispositive power over all 7,854,372 shares and no shared dispositive power. The firm certifies the position was acquired and is held in the ordinary course of business, without the purpose or effect of changing or influencing control of the company.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Warner Music Group Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

934550203

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 934550203

1

Names of Reporting Persons

BARROW HANLEY MEWHINNEY & STRAUSS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,840,297.00
6	Shared Voting Power 2,014,075.00
7	Sole Dispositive Power 7,854,372.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,854,372.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.34 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Warner Music Group Corp
(b)	Address of issuer's principal executive offices: 1633 Broadway, New York, New York, 10019
Item 2.
(a)	Name of person filing: Barrow Hanley Global Investors
(b)	Address or principal business office or, if none, residence: 2200 Ross Avenue, 31st Floor Dallas, TX 75201
(c)	Citizenship: Delaware LLC
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 934550203
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7,854,372
(b)	Percent of class: 5.34%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5,840,297
	(ii) Shared power to vote or to direct the vote: 2,014,075
	(iii) Sole power to dispose or to direct the disposition of: 7,854,372
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BARROW HANLEY MEWHINNEY & STRAUSS LLC

Signature:	Hannah Ackels
Name/Title:	Hannah Ackels, CCO
Date:	02/11/2026

FAQ

What percentage of Warner Music Group (WMG) shares does Barrow Hanley hold?

Barrow Hanley Global Investors reports beneficial ownership of 5.34% of Warner Music Group common stock. This reflects 7,854,372 shares held as of 12/31/2025, crossing the 5% disclosure threshold that requires a Schedule 13G filing.

How many Warner Music Group (WMG) shares does Barrow Hanley beneficially own?

Barrow Hanley Global Investors beneficially owns 7,854,372 Warner Music Group common shares. The firm has sole voting power over 5,840,297 shares and shared voting power over 2,014,075 shares, with sole dispositive power over all 7,854,372 shares reported.

Is Barrow Hanley seeking to influence control of Warner Music Group (WMG)?

Barrow Hanley states the Warner Music Group shares were acquired and are held in the ordinary course of business. It certifies they were not acquired and are not held to change or influence control, consistent with a passive Schedule 13G filing.

What type of entity is Barrow Hanley in the Warner Music Group (WMG) filing?

Barrow Hanley Global Investors is identified as a Delaware LLC and an investment adviser eligible to file on Schedule 13G. Its principal business office is listed at 2200 Ross Avenue, 31st Floor, Dallas, Texas 75201 in the ownership report.

What voting and dispositive powers does Barrow Hanley report over WMG stock?

Barrow Hanley reports sole voting power over 5,840,297 Warner Music Group shares and shared voting power over 2,014,075 shares. It has sole dispositive power over all 7,854,372 shares and no shared dispositive power over the reported position.