WBD Q2 2023: net loss $1.24B, Adj EBITDA $2.15B (+23% ex-FX), launched $2.7B debt tender

Warner Bros. Discovery, Inc.

2023-Q2 EPS reported -$0.95 revenue$21,058,000,000

Net loss $(1,240)M includes $1.66B amortization; Adjusted EBITDA $2,149M (+23% ex-FX vs pro forma).
Total revenues $10.36B, down 4% ex-FX; DTC sub count fell 1.8M to 95.8M.
DTC Adjusted EBITDA improved to $(3)M from $(558)M YoY on pro forma basis; Max launched in U.S. May 23.
Repaid $1.6B debt in Q2; gross debt $47.8B; net leverage 4.6x; launched tender offer for up to $2.7B.
Increased synergy target to >$5B; expect leverage below 4.0x by year-end and 2.5-3.0x by end 2024.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Warner Bros. Discovery, Inc. reported the quarter ended June 30, 2023 results: revenue $10,358 million, net income $(1,240) million.

Period: the quarter ended June 30, 2023
Revenue: $10,358 million
Net income: $(1,240) million
Result: reported results

Exact text from the filing

may exist due to rounding (*) A non-GAAP financial measure; see the section starting on page 12 titled Definitions & Sources for additional details. • Q2 total revenues were $10,358 million. Revenues decreased 4% ex-FX(1)(*), compared to the prior year quarter, on a combined basis(2). • Net loss available to Warner Bros. Discovery, Inc. was $(1,240) million, and

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Warner Bros. Discovery, Inc. filing history →

Source: SEC EDGAR

accession 0001437107-23-000141

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.