Warner Bros. Discovery Q1 revenues down 7% to $9.96B; net loss $966M; launches $1.75B debt tender offer

Warner Bros. Discovery, Inc.

2024-Q1 EPS reported -$0.40 revenue$9,958,000,000

Total revenues $9,958M, down 7% ex-FX; net loss $966M includes $1,879M amortization/restructuring.
Adjusted EBITDA $2,102M, down 20% ex-FX driven by Hogwarts Legacy comparison and Suicide Squad weak results.
Free cash flow $390M, up $1.3B vs prior year; reduced debt by $1.1B; gross debt $43.2B; net leverage 4.1x.
Global DTC subscribers 99.6M, up 2M; DTC ARPU $7.83, up 4% ex-FX; Max launched in Latin America.
Launched cash tender offer to repurchase up to $1.75B of 13 series of notes; early tender premium $30/$1,000; expires June 7.

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 1.0

Warner Bros. Discovery, Inc. reported the quarter ended March 31, 2024 results: revenue $9,958 million, net income $(966) million.

Period: the quarter ended March 31, 2024
Revenue: $9,958 million
Net income: $(966) 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) --- exhibit99-1wbd1q24earnin • Q1 total revenues were $9,958 million. Revenues decreased 7% ex-FX(1)(*) compared to the prior year quarter. • Net loss available to Warner Bros. Discovery, Inc. was $(966) million, and includes $1,879 million of

View on SEC.gov

1052 earnings releases filed in the last 30 days. Browse all earnings releases →

Warner Bros. Discovery, Inc. filing history →

Source: SEC EDGAR

accession 0001437107-24-000107

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.