---
schema_version: "secwatch.filing_event.v1"
accession: "0001437107-24-000107"
form_type: "8-K"
ticker: "WBD"
cik: "0001437107"
company_name: "Warner Bros. Discovery, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:24:18.053905+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437107-24-000107
- form_type: 8-K
- ticker: WBD
- cik: 0001437107
- company_name: Warner Bros. Discovery, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437107/000143710724000107/0001437107-24-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437107/000143710724000107/disca-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437107-24-000107
- JSON: https://secwatch.observer/filing/0001437107-24-000107.json
- Plain text: https://secwatch.observer/filing/0001437107-24-000107.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437107/000143710724000107/0001437107-24-000107-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.