Warner Bros. Discovery reports Q4 net loss of $2.1B; DTC subscribers up 1.1M

Warner Bros. Discovery, Inc.

2022-FY EPS reported -$3.82 revenue$33,817,000,000

Q4 total revenues $11.0B, down 9% ex-FX vs prior year combined; net loss $(2.1)B.
Full-year 2022 net loss $(7.4)B, includes $6.2B amortization and $3.8B restructuring.
DTC subscribers reached 96.1M, up 1.1M QoQ; DTC Adjusted EBITDA loss improved to $(217)M.
Gross debt $49.5B, net leverage 5.0x; voluntarily repaid $7.0B debt since merger.
Studios revenue down 23% ex-FX; Networks down 6% ex-FX; DTC revenue up 6% ex-FX.

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 0.95

Warner Bros. Discovery, Inc. reported the quarter and year ended December 31, 2022 results: revenue $11,008 million, net income $(2,101) million.

Period: the quarter and year ended December 31, 2022
Revenue: $11,008 million
Net income: $(2,101) million
Result: reported results

Exact text from the filing

NM - Not meaningful (*) A non-GAAP financial measure; see the section starting on page 13 titled Definitions & Sources for additional details • Q4 total revenues were $11,008 million. Revenues decreased 9% ex-FX(1)(*) compared to the prior year quarter, on a combined basis(2). • Net loss available to Warner Bros. Discovery, Inc. was $(2,101) million, and

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Source: SEC EDGAR

accession 0001437107-23-000013

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