---
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"
generated_at: "2026-05-31T11:41:41.193547+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WBD Q2 net loss $9.99B on $9.1B goodwill impairment; revenue down 5% ex-FX

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437107-24-000163
- JSON: https://secwatch.observer/filing/0001437107-24-000163.json
- Plain text: https://secwatch.observer/filing/0001437107-24-000163.txt

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