{"schema_version":"secwatch.filing_event.v1","accession":"0001437107-24-000163","form_type":"8-K","ticker":"WBD","cik":"0001437107","company_name":"Warner Bros. Discovery, Inc.","filed_at":"2024-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.061594+00:00","generated_at":"2026-05-31T11:41:41.193547+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"WBD Q2 net loss $9.99B on $9.1B goodwill impairment; revenue down 5% ex-FX","bullets":["Net loss includes $9.1B non-cash goodwill impairment in Networks segment triggered by market cap decline, linear ad softness, and NBA uncertainty.","Total revenue $9.7B, down 5% ex-FX; Adjusted EBITDA $1.8B, down 15% ex-FX; free cash flow $976M, down 43%.","Global DTC subscribers 103.3M, +3.6M QoQ; DTC ARPU $8.00 (+4% ex-FX); DTC EBITDA loss $(107)M.","Repaid $1.8B of debt in Q2; bought $3.4B debt for $2.6B via tender offer funded by cash and €1.5B notes.","Net leverage 4.0x; gross debt $41.4B; cash on hand $3.6B; undrawn $6.0B revolver."],"urls":{"canonical":"https://secwatch.observer/filing/0001437107-24-000163","json":"https://secwatch.observer/filing/0001437107-24-000163.json","markdown":"https://secwatch.observer/filing/0001437107-24-000163.md","text":"https://secwatch.observer/filing/0001437107-24-000163.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437107/000143710724000163/0001437107-24-000163-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437107/000143710724000163/disca-20240807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T11:41:41.193547+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}