{"schema_version":"secwatch.filing_event.v1","accession":"0001437107-23-000141","form_type":"8-K","ticker":"WBD","cik":"0001437107","company_name":"Warner Bros. Discovery, Inc.","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.920772+00:00","generated_at":"2026-06-12T07:46:41.391173+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"WBD Q2 2023: net loss $1.24B, Adj EBITDA $2.15B (+23% ex-FX), launched $2.7B debt tender","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437107-23-000141","json":"https://secwatch.observer/filing/0001437107-23-000141.json","markdown":"https://secwatch.observer/filing/0001437107-23-000141.md","text":"https://secwatch.observer/filing/0001437107-23-000141.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437107/000143710723000141/0001437107-23-000141-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437107/000143710723000141/disca-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T07:46:41.391173+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":"27907b99a9637476fe51f09952ceb5a271a51488","claim":"Warner Bros. Discovery, Inc. reported the quarter ended June 30, 2023 results: revenue $10,358 million, net income $(1,240) million.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437107/000143710723000141/0001437107-23-000141-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$10,358 million"},{"label":"Net income","value":"$(1,240) 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"}