{"schema_version":"secwatch.filing_event.v1","accession":"0001437107-23-000074","form_type":"8-K","ticker":"WBD","cik":"0001437107","company_name":"Warner Bros. Discovery, Inc.","filed_at":"2023-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.864052+00:00","generated_at":"2026-06-15T16:24:49.229208+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Warner Bros. Discovery Q1 net loss $1.07B; DTC segment turns profitable at $50M EBITDA","bullets":["Revenue $10.7B, down 5% ex-FX; net loss $1.07B includes $1.81B acquisition amortization.","DTC segment EBITDA $50M vs loss $654M pro forma year ago; 1.6M net adds to 97.6M subs.","U.S. DTC now expected profitable in FY2023, one year ahead of prior guidance.","Free cash flow negative $930M due to $836M semi-annual interest payments on merger debt.","Studios EBITDA $607M (down 23% ex-FX) despite Hogwarts Legacy >$1B retail sales."],"urls":{"canonical":"https://secwatch.observer/filing/0001437107-23-000074","json":"https://secwatch.observer/filing/0001437107-23-000074.json","markdown":"https://secwatch.observer/filing/0001437107-23-000074.md","text":"https://secwatch.observer/filing/0001437107-23-000074.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437107/000143710723000074/0001437107-23-000074-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437107/000143710723000074/disca-20230505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T16:24:49.229208+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5db71671b319918ca02a876d44a3c19e74d22000","claim":"Warner Bros. Discovery, Inc. reported the quarter ended March 31, 2023 results: revenue $10,700 million, net income $(1,069) million.","evidence_excerpt":"• Q1 total revenues were $10,700 million. Revenues decreased 5% ex-FX(1)(*), or decreased 3% ex-FX excluding the impact of the 2022 Winter Olympic Games(2)(*), compared to the prior year quarter, on a combined basis(3). • Net loss available to Warner Bros. Discovery, Inc. was $(1,069) million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437107/000143710723000074/0001437107-23-000074-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$10,700 million"},{"label":"Net income","value":"$(1,069) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}