WBD Q3 revenue $9.98B, Adj. EBITDA +22% ex-FX to $2.97B; DTC profit $111M

Warner Bros. Discovery, Inc.

2023-Q3 EPS reported -$1.12 revenue$31,037,000,000

Total revenues $9.98B (+1% ex-FX YoY); net loss narrowed to $417M from $2.31B.
Adjusted EBITDA $2.97B (+22% ex-FX); free cash flow $2.06B vs -$192M prior year.
DTC segment posted $111M Adj. EBITDA vs $634M loss; subscribers 95.1M (down 0.7M QoQ), ARPU $7.82 (+6% ex-FX).
Networks revenue $4.87B (-7% ex-FX) on ad decline; Studios revenue $3.23B (+3% ex-FX) driven by Barbie.
Repaid $2.4B debt in Q3; gross debt $45.3B; net leverage 4.2x; year-to-date free cash flow on track to exceed $5B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Warner Bros. Discovery, Inc. reported the quarter ended September 30, 2023 results: revenue $9,979 million, net income $(417) million.

Period: the quarter ended September 30, 2023
Revenue: $9,979 million
Net income: $(417) million
Result: reported results

Exact text from the filing

or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- wbd3q23earningsreleasefi • Q3 total revenues were $9,979 million. Revenues increased 1% ex-FX(1)(*) compared to the prior year quarter. • Net loss available to Warner Bros. Discovery, Inc. was $(417) million, and included $1,758 million of

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Source: SEC EDGAR

accession 0001437107-23-000169

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