{"schema_version":"secwatch.filing_event.v1","accession":"0001437107-24-000013","form_type":"8-K","ticker":"WBD","cik":"0001437107","company_name":"Warner Bros. Discovery, Inc.","filed_at":"2024-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.186434+00:00","generated_at":"2026-06-05T16:54:08.718048+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"WBD Q4 revenue $10.28B (-7% ex-FX); net loss $400M, adjusted EBITDA $2.47B (-5% ex-FX)","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437107-24-000013","json":"https://secwatch.observer/filing/0001437107-24-000013.json","markdown":"https://secwatch.observer/filing/0001437107-24-000013.md","text":"https://secwatch.observer/filing/0001437107-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437107/000143710724000013/0001437107-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437107/000143710724000013/disca-20240223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T16:54:08.718048+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":"5df055c6f776955fdfc72cc0ace70559f843c1ec","claim":"Warner Bros. Discovery, Inc. reported the quarter and year ended December 31, 2023 results: revenue $10,284 million, net income $(400) million.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437107/000143710724000013/0001437107-24-000013-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2023"},{"label":"Revenue","value":"$10,284 million"},{"label":"Net income","value":"$(400) 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"}