WBD Q4 revenue $10.28B (-7% ex-FX); net loss $400M, adjusted EBITDA $2.47B (-5% ex-FX)

Warner Bros. Discovery, Inc.

2023-FY EPS reported -$1.28 revenue$41,321,000,000

Q4 revenue $10,284M, down 7% ex-FX YoY; Studios revenue down 18% ex-FX, Networks down 8% ex-FX, DTC up 3% ex-FX.
Net loss $400M vs $2,101M loss in prior year; includes $1,699M amortization and $75M restructuring.
Q4 adjusted EBITDA $2,471M, down 5% ex-FX; DTC adjusted EBITDA loss improved to $(55)M from $(217)M YoY.
Repaid $1.2B debt in Q4; ended Q4 with $4.3B cash, $44.2B gross debt, 3.9x net leverage.
Global DTC subscribers 97.7M (including BluTV); ARPU $7.94, up 7% ex-FX; full-year free cash flow $6,161M, debt repaid $5.4B in 2023.

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 and year ended December 31, 2023 results: revenue $10,284 million, net income $(400) million.

Period: the quarter and year ended December 31, 2023
Revenue: $10,284 million
Net income: $(400) 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) --- wbd4q23earningsreleasefi • Q4 total revenues were $10,284 million. Revenues decreased 7% ex-FX(1)(*) compared to the prior year quarter. • Net loss available to Warner Bros. Discovery, Inc. was $(400) million, including $1,699 million of

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