{"filings":[{"id":1009757,"accession_number":"0001193125-26-268519","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-06-12T12:01:36+00:00","items":["5.07"],"status":"ready","headline":"WBD say-on-pay vote fails with 1.3B shares against; all directors re-elected","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Say-on-pay: 244.5M votes for, 1.31B against (and 7.2M abstentions); 342.9M broker non-votes.","All 13 director nominees re-elected; Paul A. Gould received 811M withheld votes, highest of any nominee.","Ratification of PwC as auditor approved with 1.87B votes for, 33M against, 5.1M abstentions.","Stockholder sustainability ROI report proposal defeated: 39.5M for, 1.51B against, 18.3M abstentions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.15,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":843676,"accession_number":"0001193125-26-256559","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-06-04T12:38:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Warner Bros. Discovery enters $14.7B first-lien credit agreement to repay bridge loan","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Discovery Global Holdings borrowed $13B USD and €1.717B euro term loans on June 4, 2026.","Proceeds, plus cash, used to repay in full $15B bridge loan from June 2025.","USD term loans: SOFR+2.50% or Base+1.50%; euro term loans: EURIBOR+2.50%; mature June 4, 2033.","Obligations secured by substantially all assets of WBD, DGH, and certain domestic subsidiaries.","No financial maintenance covenant; change of control (including proposed Paramount Skydance acquisition) may trigger acceleration."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":678636,"accession_number":"0001193125-26-240646","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-05-27T13:10:22+00:00","items":["1.01","3.03","8.01","9.01"],"status":"ready","headline":"WBD receives requisite consents for debt indenture amendments; extends exchange deadline to March 4, 2027","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Consents received for all 16 series of WBD senior notes, with participation ranging from 79% to 99% of outstanding principal.","Amendments extend deadline for required exchange transactions from Dec 30, 2026 to March 4, 2027 (or later if merger terminated).","Consent payment of $2.50 (or €2.50) per $1,000 (or €1,000) principal, expected paid May 29, 2026; Paramount funds regardless of acquisition.","Amendments modify terms of potential junior lien exchange notes depending on whether the Paramount acquisition closes.","Supplemental indentures executed May 26, effective upon execution but operative only on payment date."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":529238,"accession_number":"0001437107-26-000059","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-05-19T21:17:56+00:00","items":["8.01","9.01"],"status":"ready","headline":"WBD subsidiaries seek noteholder consents to amend indentures tied to Paramount acquisition","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Consent solicitations for 17 series of senior notes with aggregate principal ~$16.6B; consent fee $2.50 per $1,000.","Proposed amendments extend deadline for required exchange offers from Dec 2026 to Mar 2027, aligned with merger agreement.","Paramount funds consent payments regardless of deal closing; concurrent Paramount offers to purchase/exchange notes.","Expiration date for consents is May 26, 2026; payment expected May 29, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92856,"accession_number":"0001437107-26-000055","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-05-06T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"WBD Q1 net loss $2.9B includes $2.8B Netflix termination fee; Adj EBITDA +5%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss available to WBD of $2.916B ($1.17 diluted EPS) vs $453M loss YoY; $2.8B Netflix termination fee.","Total revenues $8.893B, down 1% reported (3% ex-FX); Streaming rev +7% ex-FX, Studios +31%.","Adjusted EBITDA $2.203B (+5% reported); Free cash flow -$476M vs +$302M prior year.","Ended Q1 with 140M+ global streaming subs, ahead of guidance; on track for 150M by year-end 2026.","Leverage 3.4x net debt/EBITDA; $30.1B net debt; $3.3B cash; $4.0B revolver undrawn."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.17,"consensus_revenue_estimate":null,"consensus_revenue_actual":8893000000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92855,"accession_number":"0001437107-26-000048","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-04-30T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"WBD CFO Wiedenfels signs new employment agreement through April 2028","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["New agreement effective July 11, 2026, extends term to April 28, 2028.","Base salary $2.5M; target bonus 175% of base; annual equity target $10M.","One-time RSU grant of $2M on August 17, 2026.","Severance: base salary continuation up to 24 months on termination without cause/for good reason.","Noncompete 12 months, nonsolicit 18 months post-employment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92854,"accession_number":"0001193125-26-173660","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-04-23T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"WBD shareholders approve merger with Paramount Skydance; reject advisory vote on executive compensation","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Special meeting votes: 1.74B shares for adoption of Merger Agreement, 16.3M against, 2.4M abstain.","Advisory vote on merger-related executive compensation failed: 1.44B against vs 308M for.","Merger with PSKY to close; WBD to become wholly owned subsidiary of PSKY.","Quorum of 70.3% of outstanding shares present at special meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104044,"accession_number":"0001193125-26-108437","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-03-16T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"WBD enters tax reimbursement pact with CEO Zaslav for merger excise tax","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Agreement reimburses Zaslav for any Section 4999 excise tax on merger payments, placing him in same after-tax position.","Cost of reimbursement borne by surviving corporation post-merger; Compensation Committee approved.","If merger closes in 2027, tax advisors expect no reimbursement payment due to time reduction of exposure.","Agreement terminates automatically if Merger Agreement terminates; Zaslav commits to cooperate on mitigation strategies.","Potential exposure may be reduced via reasonable compensation for pre- or post-merger services, including non-compete."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104043,"accession_number":"0001437107-26-000018","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-02-27T23:59:59+00:00","items":["1.01","1.02","7.01","8.01","9.01"],"status":"ready","headline":"WBD to be acquired by Paramount Skydance for $31.00 per share in cash; prior Netflix merger terminated","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["All-cash deal: $31.00 per share plus ticking consideration of $0.00277778/day after Sept 30, 2026 (max $0.25/90 days).","PIPE financing: Ellison parties commit up to $46.72B, RedBird $250M; no financing condition for closing.","Termination of prior Netflix merger (Jan 19, 2026); WBD pays a Netflix termination fee (undisclosed amount).","Company termination fee $3B if WBD accepts a superior proposal; regulatory termination fee $7B if antitrust blocks.","Closing conditional on WBD stockholder approval and regulatory clearances; boards unanimously approved."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104042,"accession_number":"0001437107-26-000011","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-02-26T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"WBD Q4 revenue falls 6% to $9.46B; net loss $252M; streaming adds 3.5M subs","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $9.46B (down 6% YoY); net loss $252M vs loss $494M a year ago; adjusted EBITDA $2.22B (down 19%).","Global streaming subscribers grew to 131.6M (+3.5M QoQ); streaming revenue up 4% ex-FX to $2.79B.","Global Linear Networks revenue fell 13% ex-FX to $4.20B; Studios revenue down 14% ex-FX to $3.18B.","Free cash flow Q4 $1.38B (down 43% YoY) impacted by ~$600M separation/transaction costs; FY FCF $3.09B.","Net debt $29.0B with 3.3x leverage; repaid $1B bridge loan; facility maturity extended to June 2027."],"consensus_eps_estimate":null,"consensus_eps_actual":0.29,"consensus_revenue_estimate":null,"consensus_revenue_actual":37296000000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104041,"accession_number":"0001193125-26-057173","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-02-18T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"WBD subsidiary extends bridge loan maturity to June 2027, tied to planned linear TV spin-off as part of Netflix merger","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Bridge loan maturity extended to earlier of June 30, 2027 or completion of Linear Business spin-off.","Amendment removes non-consenting lenders and reallocates loans among extending lenders at par.","Merger Agreement with Netflix (Jan 19, 2026) defines spin-off of Linear Business (SpinCo) via Separation and Distribution Agreement.","Borrower Discovery Global Holdings (formerly WarnerMedia Holdings) remains borrower; Parent WBD guarantor.","No default or event of default occurred after giving effect to amendment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104040,"accession_number":"0001193125-26-015949","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-01-20T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"WBD-Netflix merger amended to all-cash $27.75/share; SpinCo net debt reduced to ~$17B","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Merger consideration changed to $27.75 per share entirely in cash, removing previous cash-and-stock mix.","SpinCo (Global Linear Networks) to carry net debt of $17.0B as of June 30, 2026, down $260M from original.","WBD stockholders receive one NewCo share, then SpinCo shares, then NewCo acquired by Netflix for cash.","Company termination fee unchanged at $2.8B; Netflix reverse termination fee $5.8B in cash.","Closing requires WBD stockholder vote, regulatory approvals, and completion of separation and distribution."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104039,"accession_number":"0001437107-26-000003","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2026-01-07T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CEO Zaslav gets 3.05M stock options (strike $28.51) plus 1.96M make-whole RSUs","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Follow-On Options of 3,052,734 shares granted Jan 2, 2026 at $28.51 exercise price.","Make-Whole RSUs of 1,963,465 shares granted Jan 5, 2026 to offset higher strike vs prior $10.16 options.","Both grants stem from June 2025 amended employment agreement; vesting terms match Signing Stock Options.","Compensation Committee chose RSUs as method to address lost economic value from stock price increase."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120325,"accession_number":"0001193125-25-309873","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-12-05T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"Warner Bros. Discovery agrees to be acquired by Netflix in cash-and-stock deal","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["WBD stockholders to receive $23.25 cash per share plus Netflix shares at exchange ratio between 0.0376 and 0.0460.","Prior to merger, WBD will spin off its Global Linear Networks business into SpinCo via distribution to shareholders.","WBD must pay $2.8B termination fee if it accepts a superior proposal; Netflix must pay $5.8B if regulatory issues block deal.","Transaction expected to close by March 4, 2027, subject to regulatory approvals and WBD stockholder vote.","Boards of both companies unanimously approved the merger agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120324,"accession_number":"0001193125-25-308759","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-12-05T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Netflix to acquire Warner Bros. for $82.7B enterprise value; WBD to separate Discovery Global first","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Deal consideration: $23.25 cash + $4.50 in Netflix stock per WBD share, total $27.75/share; stock subject to collar between $97.91 and $119.67 VWAP.","Enterprise value $82.7B (equity $72.0B). Expected to close in 12-18 months, after WBD spins off Discovery Global (Q3 2026).","Cost synergies expected at least $2-3B annually by year three; deal accretive to GAAP EPS by year two.","Gunnar Wiedenfels to become CEO of Discovery Global, the standalone company holding CNN, TNT Sports, Discovery+.","Transaction approved by both boards; subject to regulatory approvals, WBD shareholder vote, and separation completion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120323,"accession_number":"0001437107-25-000219","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-11-13T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Warner Bros. Discovery amends CEO Zaslav's employment agreement amid strategic review","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board initiated a strategic review of alternatives after unsolicited interest, considering full-company or separate transactions for Warner Bros. and Discovery Global.","Amendment treats a Reverse Spinoff (spinning off Discovery Global) identically to the original Separation for Zaslav's stock options.","If WBD enters a Qualifying Change-in-Control agreement before Dec 31, 2026, Zaslav's signing options remain outstanding and vest eligible.","Employment term extended to Dec 31, 2030 if a Qualifying CIC Agreement is signed before the outside date, securing Zaslav's leadership.","Internal restructuring transactions necessary for strategic alternatives will not trigger accelerated vesting or change-in-control definitions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120322,"accession_number":"0001437107-25-000213","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-11-06T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Warner Bros. Discovery Q3 net loss $148M; revenue down 6% YoY but streaming subs up to 128M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $9.045B, down 6% YoY; net loss $148M vs income $135M.","Adjusted EBITDA $2.47B, up 2% ex-FX; streaming subscribers 128.0M (+2.3M QoQ).","Studios revenue +23% ex-FX to $3.32B, Adj EBITDA $695M (vs $308M).","Free cash flow $701M; repaid $1.2B debt including $1B bridge loan.","Guidance: Studios to exceed $2.4B Adj EBITDA, Streaming at least $1.3B for 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":0.39,"consensus_revenue_estimate":null,"consensus_revenue_actual":27836000000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136904,"accession_number":"0001437107-25-000189","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"WBD Q2 net income $1.58B; adj. EBITDA +9% to $1.95B; streaming subs 125.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $9.812B (+1% YoY); content rev +17% to $2.471B; Studios rev +55% to $3.801B.","Streaming segment Adj. EBITDA $293M vs. -$107M; global streaming subs 125.7M (+3.4M QoQ).","Net income $1.58B includes $2.958B pre-tax gain on debt extinguishment; diluted EPS $0.63.","Free cash flow $702M (down 28% YoY); gross debt reduced $2.7B to $35.6B; net leverage 3.3x.","Studios segment on track for at least $2.4B full-year Adj. EBITDA; 2025 guidance reaffirmed."],"consensus_eps_estimate":null,"consensus_eps_actual":0.45,"consensus_revenue_estimate":null,"consensus_revenue_actual":18791000000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136903,"accession_number":"0001437107-25-000180","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-07-31T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"WBD outlines post-separation exec roles for Campbell & Perrette with $2.3M base, $9.5M 2025 equity","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Campbell to become COO of Warner Bros. post-split; current salary $2.946M, new salary $2.3M, equity target $11.6M/year.","Perrette to become President & CEO, Global Streaming & Games of Warner Bros.; salary $2.3M, annual equity target $10.6M.","2025 equity grants increased to $9.5M for both; incremental $1M awards on Aug 15, 2025.","Current agreements extended to 2028; separation must close by Dec 31, 2026, or new agreements void.","Both executives have 12-month non-compete; severance up to 24 months base plus bonus."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136902,"accession_number":"0001437107-25-000177","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-07-28T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Warner Bros. Discovery names Fraser Woodford CFO and Brian Rauch CAO, effective on Separation close","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Fraser Woodford, current EVP Treasury, appointed CFO upon closing of tax-free Separation; Gunnar Wiedenfels to become CEO.","Brian Rauch, current EVP Global Business Services, appointed CAO upon Separation close, succeeding Lori Locke.","Compensation terms for Woodford and Rauch not yet determined; 8-K will be amended within four business days.","Appointments are contingent on completion of the previously announced Separation into Warner Bros. and Discovery Global."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154144,"accession_number":"0001437107-25-000161","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-06-26T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"WBD subsidiary enters $17B bridge loan to fund tender offers, spinoff of Streaming & Studios","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["WarnerMedia Holdings signed $17.0B bridge loan on June 26, 2025, drawn June 30.","Interest at SOFR + 3.00%-4.00% per annum depending on period.","Loan matures in 18 months or upon completion of Separation Transaction (spinoff of Streaming & Studios).","Proceeds to settle tender offers, repay 364-day term loan, pay fees, general corporate purposes.","RCF amended to $4B with alignment to bridge loan covenants; secured by substantially all personal property."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154143,"accession_number":"0001437107-25-000159","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-06-24T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Warner Bros. Discovery reports early tender results for notes; many series oversubscribed, proration to apply","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Pool 1 Notes tendered exceeded $3.75B cap; proration expected for WMH 3.755% 2027 notes.","Pool 2 Notes (€1.35B tendered) exceed €800M cap; both series subject to proration.","Pool 3 Notes tendered exceeded $1B cap and $300M subcap for 3.950% 2028 notes; proration applies.","Requisite consents obtained for indenture amendments; supplemental indentures effective immediately.","Tender offers expire July 9, 2025; early tender premium of $50 per $1,000 for most series."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154134,"accession_number":"0001437107-25-000157","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K/A","filed_at":"2025-06-17T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"WBD CEO Zaslav gets 20.9M stock options tied to separation; Wiedenfels set as CEO of Global Networks","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Zaslav receives 20,898,776 performance- and time-based stock options; 92% forfeitable if separation not completed by Dec 31, 2026.","Post-separation, Zaslav's base salary drops to $3M, bonus target to $6M; annual equity target $15.5M in first year then $7.5M.","Wiedenfels employment agreement contingent on separation; he becomes CEO of Global Networks with $2.5M salary, 350% bonus target, $16M annual equity target.","Performance-vesting options in three tranches: WBD stock prices $12.19, $15.24, $16.76 achieved over 30 consecutive days.","Single-trigger change-in-control severance eliminated for Zaslav effective immediately; replaced with double-trigger provision."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154142,"accession_number":"0001437107-25-000153","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-06-16T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Warner Bros. Discovery enters new CEO/CFO employment agreements tied to planned separation","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO Zaslav receives signing options for 20.9M shares at $10.16; 92% forfeit if separation not closed by Dec 31, 2026.","Post-separation, Zaslav's base salary $3M, target bonus $6M, initial annual equity target $15.5M.","CFO Wiedenfels to become CEO of Global Networks post-separation; base $2.5M, target bonus 350%, annual equity $16M.","Single-trigger change-in-control severance for Zaslav eliminated; replaced with double-trigger effective June 12, 2026.","Options vest based on WBD stock price targets: 120% ($12.19), 150% ($15.24), 165% ($16.76) over 30 consecutive days."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154141,"accession_number":"0001437107-25-000151","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-06-16T23:59:59+00:00","items":["1.01","3.03","8.01","9.01"],"status":"ready","headline":"Warner Bros. Discovery units get required consents for debt indenture amendments in tender offers","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Requisite consents received for all six pools; supplemental indentures executed but only operative upon settlement of offers.","Consent payments range $2.50 to $33.21 per $1,000/$1,000 principal; no separate payment for certain series like DCL 4.875% 2043.","Early settlement of tenders expected June 30, 2025; tender offers expire July 9, 2025 unless extended.","Amendments eliminate substantially all restrictive covenants and certain events of default, and add limitations on repurchases and non-boycott provisions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154140,"accession_number":"0001437107-25-000144","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-06-11T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"Warner Bros. Discovery plans early settlement June 30 for senior notes tender offers","summary_kind":"llm","event_type":"debt","confidence":"medium","bullets":["Early settlement date expected on June 30, 2025, assuming receipt of requisite consents and satisfaction of conditions.","Early tender deadline for notes is June 23, 2025 at 5:00 p.m. ET; consent expiration is June 13, 2025 at 5:00 p.m. ET.","Tender offers target 4.302% Senior Notes due 2030 (WBDI30) and 4.693% Senior Notes due 2033 (WBDI33).","Offers conducted by subsidiaries Discovery Communications, WarnerMedia Holdings, Warner Media, LLC, and Historic TW, Inc."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154139,"accession_number":"0001437107-25-000141","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-06-11T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"WBD provides FAQ on debt tender offers; clarifies bridge allocation, anti-boycott language, and CODI tax impact","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Bridge proceeds not used in tenders; upsize option up to $2.5bn upon mutual agreement with J.P. Morgan.","Proceeds from retained S&S stake sale will repay GN debt to preserve tax-free treatment; expects sale within 3-5 years.","Anti-boycott language only prohibits holder agreements not to buy new debt for cash; customary cooperation allowed.","CODI tax on discount realized: estimated $800m cash tax at 100% participation.","Post-spin securitization to split into two facilities; overall pool size ~$4.7bn unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154138,"accession_number":"0001437107-25-000138","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-06-09T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Warner Bros. Discovery to split into two public companies; launches $14.6B debt tender","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Separation into Streaming & Studios (HBO, WB, DC) and Global Networks (CNN, TNT, Discovery); tax-free, closing by mid-2026.","David Zaslav to lead Streaming & Studios; Gunnar Wiedenfels to lead Global Networks.","Tender offers up to $14.6B for outstanding notes; consent solicitations to amend indentures; expires July 9, 2025.","Bridge loan of $17.5B committed by J.P. Morgan to finance tender offers; may increase to $20B.","Global Networks will retain up to 20% stake in Streaming & Studios for tax-efficient monetization to reduce debt."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154137,"accession_number":"0001437107-25-000102","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-06-03T23:59:59+00:00","items":["5.02","5.03","5.07","9.01"],"status":"ready","headline":"WBD shareholders reject say-on-pay; approve special-meeting right for 20% holders","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Say-on-pay failed with 1.06B votes against vs 724M for (non-binding advisory).","Certificate amended: holders of 20%+ voting power with 1-year holding period can call special meetings.","ESPP share pool increased by 25M shares, total now 27,568,638; approved by shareholders.","All 13 director nominees elected; Anthony J. Noto received 527M withheld votes (29.4%).","PricewaterhouseCoopers ratified as auditor for FY 2025 with 2.06B votes for."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154136,"accession_number":"0001437107-25-000093","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-05-08T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"WBD Q1 revenue down 10% to $8.98B; streaming EBITDA surges to $339M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $8.98B (-10% reported, -9% ex-FX); net loss narrowed to $453M from $966M.","Streaming segment Adj. EBITDA $339M vs $86M; global subscribers 122.3M (+5.3M QoQ).","Global Linear Networks rev down 7%, Adj. EBITDA down 15% to $1,793M on audience declines.","Repaid $2.2B debt; gross debt $38.0B, net leverage 3.8x; refinanced $1.5B 2026 notes.","Reiterated 2025 streaming Adj. EBITDA target of at least $1.3B."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":8979000000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154135,"accession_number":"0001437107-25-000076","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-04-11T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Warner Bros. Discovery's Dr. John Malone to become Chair Emeritus; not standing for re-election","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Dr. John Malone not standing for re-election at 2025 Annual Meeting; becomes Chair Emeritus effective after meeting.","As Chair Emeritus, Malone will attend board meetings in advisory capacity, no voting rights.","Board size remains at 13; Anton Levy nominated for election to fill seat left by Malone.","Malone's decision not due to any disagreement with company; he remains a significant stockholder."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172747,"accession_number":"0001437107-25-000063","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-03-31T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Warner Bros. Discovery appoints Anton Levy to board, expanding to 14 directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Anton Levy, Advisory Director at General Atlantic, will join board after 2025 annual meeting; board expands to 14.","Levy brings tech investing experience from deals including Airbnb, Alibaba, Facebook, Crowdstrike, and Uber.","Board cites commitment to enhance governance; follows earlier additions of Anthony Noto and Joey Levin in January 2025.","Non-employee director compensation: equity retainer $240,000, cash retainer $105,000 for 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172746,"accession_number":"0001437107-25-000028","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-02-27T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"WBD Q4 revenue down 2%, net loss widens; DTC turns profitable with $409M EBITDA","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $10.0B (-2% YoY); net loss $(494)M vs $(400)M; Adj. EBITDA $2.7B (+11% ex-FX).","DTC: revenue $2.65B (+6% ex-FX), Adj. EBITDA $409M vs $(55)M; global subs 116.9M (+6.4M QoQ).","Networks revenue -4% ex-FX, Adj. EBITDA -13% ex-FX; domestic linear subs down 9% YoY.","FY2024 net loss $11.3B includes $9.1B goodwill impairment; FCF $4.4B; net debt $34.6B (3.8x leverage).","2025 DTC Adj. EBITDA target ~$1.3B; Max to launch Australia, Germany, Italy, UK; Studios improvement expected."],"consensus_eps_estimate":null,"consensus_eps_actual":-4.62,"consensus_revenue_estimate":null,"consensus_revenue_actual":39321000000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.72,"calibrated_materiality_score":0.72,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172745,"accession_number":"0001193125-25-014369","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-01-28T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Warner Bros. Discovery subsidiary to redeem $1.5B of 6.412% notes due 2026 via new term loan","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["WarnerMedia Holdings issued conditional notice to redeem all $1.5B of its 6.412% Senior Notes due 2026.","Redemption funded by new $1.5B 364-day senior unsecured term loan facility entered on January 28, 2025.","Redemption date is February 7, 2025, or later if condition not satisfied, but no later than March 29, 2025.","Redemption price: 100% of principal plus accrued and unpaid interest to, but excluding, redemption date.","Condition precedent: receipt of term loan proceeds; WMH may waive condition in its sole discretion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172744,"accession_number":"0001437107-25-000004","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2025-01-14T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Warner Bros. Discovery appoints Anthony Noto and Joey Levin to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board expanded to 13 directors (12 independent); Noto effective Jan 8, Levin effective Feb 1, 2025.","Noto is CEO of SoFi Technologies, former COO/CFO at Twitter and CFO of NFL.","Levin is CEO of IAC Inc.; will step down by May 31, 2025 to become Exec Chairman of Angi.","Company disclosed commercial relationships: SoFi paid ~$20M in advertising in 2024; Angi paid ~$1.8M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189768,"accession_number":"0001437107-24-000203","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-12-30T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Li Haslett Chen resigns from Warner Bros. Discovery board effective Jan 31, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Chen notified Board on Dec 28, 2024; resignation effective Jan 31, 2025.","She served on Nominating and Corporate Governance Committee; term was set to expire at 2025 Annual Meeting.","Resignation not due to any disagreement with Company on operations, policies, or practices.","No replacement director announced in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189767,"accession_number":"0001437107-24-000194","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-12-12T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"WBD announces corporate reorganization into two divisions to unlock shareholder value","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Company will create two operating divisions: Global Linear Networks and Streaming & Studios.","Reorganization aims to enhance strategic flexibility and unlock shareholder value; implementation expected by mid-2025.","Global Linear Networks to focus on profitability and free cash flow; Streaming & Studios to focus on growth and returns.","Financial advisors: J.P. Morgan, Evercore, Guggenheim; legal counsel: Kirkland & Ellis, Wachtell Lipton."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189766,"accession_number":"0001437107-24-000184","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-11-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"WBD Q3 net income $135M; revenue $9.6B (-3% ex-FX); DTC subs add 7.2M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income available to WBD was $135M vs loss of $417M in Q3 2023; includes $1.6B pre-tax amortization and restructuring.","Total revenues $9,623M, down 3% ex-FX YoY; Studios -17%, Networks +3%, DTC +9% ex-FX.","Adjusted EBITDA $2,413M, down 18% ex-FX; free cash flow $632M, down 69% due to higher content investment.","DTC subscribers rose 7.2M sequentially to 110.5M, largest quarterly gain; global ARPU $7.84 (+1% ex-FX).","Repaid/repurchased $0.9B debt in Q3; gross debt $40.7B, net leverage 4.2x, cash on hand $3.5B."],"consensus_eps_estimate":null,"consensus_eps_actual":-4.42,"consensus_revenue_estimate":null,"consensus_revenue_actual":29294000000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189765,"accession_number":"0001437107-24-000177","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-10-09T23:59:59+00:00","items":["1.01","1.02","2.03","9.01"],"status":"ready","headline":"Warner Bros. Discovery enters new $6.0B revolving credit facility, replacing prior agreement","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$6.0B multicurrency revolving facility; available until Oct 2029 with two 364-day extension options.","Interest margin on Term SOFR loans ranges 0.795%-1.400% per annum, facility fee 0.080%-0.225%.","Financial covenants: Interest Coverage Ratio >=3.00:1.00, Leverage Ratio <=4.50:1.00 (cash over $2.0B netted).","Includes $150M letter-of-credit sublimit and optional $1.0B commitment increase; proceeds for general corporate purposes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206274,"accession_number":"0001437107-24-000168","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-09-19T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Warner Bros. Discovery adds Daniel E. Sanchez to board; effective Oct 1, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board increased to 12 directors; Sanchez appointed to Class III, term expires at 2025 annual meeting.","Sanchez is an attorney specializing in tax planning and a former Discovery, Inc. board member.","Sanchez is the nephew of current Class II director John Malone; determined independent by NASDAQ rules.","No arrangements or related-party transactions requiring disclosure under Item 404(a).","Sanchez will receive standard non-employee director compensation as per 2024 proxy statement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206273,"accession_number":"0001437107-24-000163","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"WBD Q2 net loss $9.99B on $9.1B goodwill impairment; revenue down 5% ex-FX","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss includes $9.1B non-cash goodwill impairment in Networks segment triggered by market cap decline, linear ad softness, and NBA uncertainty.","Total revenue $9.7B, down 5% ex-FX; Adjusted EBITDA $1.8B, down 15% ex-FX; free cash flow $976M, down 43%.","Global DTC subscribers 103.3M, +3.6M QoQ; DTC ARPU $8.00 (+4% ex-FX); DTC EBITDA loss $(107)M.","Repaid $1.8B of debt in Q2; bought $3.4B debt for $2.6B via tender offer funded by cash and €1.5B notes.","Net leverage 4.0x; gross debt $41.4B; cash on hand $3.6B; undrawn $6.0B revolver."],"consensus_eps_estimate":null,"consensus_eps_actual":-4.48,"consensus_revenue_estimate":null,"consensus_revenue_actual":19671000000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223348,"accession_number":"0001437107-24-000121","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-06-07T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"WBD annual meeting: stockholders approve 125M-share stock plan increase; special meeting right passes","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholders approved 125M new shares for Stock Incentive Plan; vote 1.37B for vs 341M against.","All eight director nominees elected, including CEO David Zaslav, with over 1.2B votes each.","Advisory say-on-pay approved with 53.6% of votes cast; 916M for, 794M against.","Non-binding proposal to adopt shareholder right to call special meetings passed with 52% of votes cast.","Two shareholder proposals on AI use and corporate sustainability rejected by large majorities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223347,"accession_number":"0001193125-24-145955","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-05-23T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"WBD upsizes cash tender offer to ~$2.615B, accepts notes in priority levels 1-11","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Aggregate Tender Cap increased to approximately $2.615 billion (excluding accrued interest).","Issuers accepted for purchase all validly tendered notes in Acceptance Priority Levels 1 through 11 as of May 22, 2024.","No notes in Acceptance Priority Level 12 (WarnerMedia Holdings 5.050% Senior Notes due 2042) will be purchased.","Total consideration per $1,000 principal includes $30 early tender premium; pricing based on fixed spread over reference U.S. Treasury yields.","Settlement date for accepted notes expected June 12, 2024; no further tenders accepted after early deadline."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223346,"accession_number":"0001193125-24-141713","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-05-17T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"WMH issues €1.5B in senior notes: €650M at 4.302% (2030), €850M at 4.693% (2033)","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Total €1.5B: €650M 4.302% notes due Jan 2030; €850M 4.693% notes due May 2033.","Notes are senior unsecured, fully and unconditionally guaranteed by WBD, DCL, and Scripps.","Offering closed May 17, 2024, via underwritten public offering (Barclays, Deutsche Bank, Goldman Sachs reps).","Interest payable annually: 2030 notes on Jan 17 (first Jan 2025); 2033 notes on May 17 (first May 2025).","WMH may redeem 2030 notes at make-whole until Dec 17, 2029, then at par; 2033 notes until Feb 17, 2033, then at par."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223345,"accession_number":"0001437107-24-000113","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-05-14T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Warner Bros. Discovery upsizes debt tender offer cap to $2.5B","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Aggregate purchase price cap increased from $1.75B to $2.5B (excluding accrued interest).","Tender offer covers 12 series of senior notes due 2024–2055 with fixed spreads up to 245 bps.","Early tender deadline: May 22, 2024 at 5:00 PM ET; early tender premium of $30 per $1,000.","Expiration date: June 7, 2024; settlement expected June 12, 2024, subject to financing condition.","Lead dealer managers: Deutsche Bank, J.P. Morgan, MUFG; information agent: D.F. King & Co."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223344,"accession_number":"0001437107-24-000107","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-05-09T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Warner Bros. Discovery Q1 revenues down 7% to $9.96B; net loss $966M; launches $1.75B debt tender offer","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenues $9,958M, down 7% ex-FX; net loss $966M includes $1,879M amortization/restructuring.","Adjusted EBITDA $2,102M, down 20% ex-FX driven by Hogwarts Legacy comparison and Suicide Squad weak results.","Free cash flow $390M, up $1.3B vs prior year; reduced debt by $1.1B; gross debt $43.2B; net leverage 4.1x.","Global DTC subscribers 99.6M, up 2M; DTC ARPU $7.83, up 4% ex-FX; Max launched in Latin America.","Launched cash tender offer to repurchase up to $1.75B of 13 series of notes; early tender premium $30/$1,000; expires June 7."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.4,"consensus_revenue_estimate":null,"consensus_revenue_actual":9958000000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":223343,"accession_number":"0001437107-24-000085","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-04-01T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Warner Bros. Discovery directors Miron and Newhouse resign; board cut to 11","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Steven A. Miron and Steven O. Newhouse resigned from the board effective March 29, 2024.","Both were Class III directors whose terms were set to expire at the 2025 annual meeting.","Resignations were not due to any disagreement with the company on operations or policies.","Board reduced its size from 13 to 11 directors effective April 1, 2024.","Miron served on Compensation Committee; Newhouse served on Nominating and Corporate Governance Committee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242808,"accession_number":"0001437107-24-000013","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-02-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"WBD Q4 revenue $10.28B (-7% ex-FX); net loss $400M, adjusted EBITDA $2.47B (-5% ex-FX)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $10,284M, down 7% ex-FX YoY; Studios revenue down 18% ex-FX, Networks down 8% ex-FX, DTC up 3% ex-FX.","Net loss $400M vs $2,101M loss in prior year; includes $1,699M amortization and $75M restructuring.","Q4 adjusted EBITDA $2,471M, down 5% ex-FX; DTC adjusted EBITDA loss improved to $(55)M from $(217)M YoY.","Repaid $1.2B debt in Q4; ended Q4 with $4.3B cash, $44.2B gross debt, 3.9x net leverage.","Global DTC subscribers 97.7M (including BluTV); ARPU $7.94, up 7% ex-FX; full-year free cash flow $6,161M, debt repaid $5.4B in 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.28,"consensus_revenue_estimate":null,"consensus_revenue_actual":41321000000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242807,"accession_number":"0001437107-24-000006","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2024-01-31T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Warner Bros. Discovery to report Q4/FY2023 results on Feb 23, 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Results will be released before market open on Friday, February 23, 2024; conference call at 8:00 a.m. ET.","Earnings materials and live webcast available on Warner Bros. Discovery's investor relations website.","Telephone replay available from Feb 23 (approx. 2 hours after call) until March 2, 2024; passcode 1493434.","Replay of audio webcast will be available on investor relations website for twelve months."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":260190,"accession_number":"0001437107-23-000169","cik":1437107,"company_name":"Warner Bros. Discovery, Inc.","ticker":"WBD","form_type":"8-K","filed_at":"2023-11-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"WBD Q3 revenue $9.98B, Adj. EBITDA +22% ex-FX to $2.97B; DTC profit $111M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenues $9.98B (+1% ex-FX YoY); net loss narrowed to $417M from $2.31B.","Adjusted EBITDA $2.97B (+22% ex-FX); free cash flow $2.06B vs -$192M prior year.","DTC segment posted $111M Adj. EBITDA vs $634M loss; subscribers 95.1M (down 0.7M QoQ), ARPU $7.82 (+6% ex-FX).","Networks revenue $4.87B (-7% ex-FX) on ad decline; Studios revenue $3.23B (+3% ex-FX) driven by Barbie.","Repaid $2.4B debt in Q3; gross debt $45.3B; net leverage 4.2x; year-to-date free cash flow on track to exceed $5B."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":31037000000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":67918330000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-11-08T23:59:59+00:00|260190"}