WBD Q3 revenue $9.82B (-8% ex-FX); net loss $2.31B; DTC subs up 2.8M to 94.9M

Warner Bros. Discovery, Inc.

2022-Q3 EPS reported -$3.00 revenue$22,809,000,000

Revenue $9,823M, down 11% on pro forma combined (8% ex-FX); net loss $2,308M including $1,924M amortization and $1,521M restructuring.
Studios Adj EBITDA $762M (+43% ex-FX); Networks Adj EBITDA $2,630M (-2% ex-FX); DTC Adj EBITDA -$634M.
Global DTC subscribers 94.9M (+2.8M QoQ); ARPU $7.52; House of the Dragon set HBO premiere records.
Repaid $2.5B term loan in quarter; gross debt $50.4B; net leverage 5.1x; free cash flow -$192M.
Increased cost synergy target to at least $3.5B; reaffirmed long-term strategy.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.5

Warner Bros. Discovery, Inc. reported financial results for third-quarter 2022.

Period: third-quarter 2022
Result: reported results

Exact text from the filing

On November 3, 2022 Warner Bros. Discovery, Inc. (“Warner Bros. Discovery” or the "Company"), released its earnings for the quarter ended September 30, 2022.

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Warner Bros. Discovery, Inc. filing history →

Source: SEC EDGAR

accession 0001437107-22-000228

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