---
schema_version: "secwatch.filing_event.v1"
accession: "0001437107-24-000184"
form_type: "8-K"
ticker: "WBD"
cik: "0001437107"
company_name: "Warner Bros. Discovery, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:26:22.775432+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WBD Q3 net income $135M; revenue $9.6B (-3% ex-FX); DTC subs add 7.2M

## Summary
- Net income available to WBD was $135M vs loss of $417M in Q3 2023; includes $1.6B pre-tax amortization and restructuring.
- Total revenues $9,623M, down 3% ex-FX YoY; Studios -17%, Networks +3%, DTC +9% ex-FX.
- Adjusted EBITDA $2,413M, down 18% ex-FX; free cash flow $632M, down 69% due to higher content investment.
- DTC subscribers rose 7.2M sequentially to 110.5M, largest quarterly gain; global ARPU $7.84 (+1% ex-FX).
- Repaid/repurchased $0.9B debt in Q3; gross debt $40.7B, net leverage 4.2x, cash on hand $3.5B.

## SEC filing metadata
- accession: 0001437107-24-000184
- form_type: 8-K
- ticker: WBD
- cik: 0001437107
- company_name: Warner Bros. Discovery, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437107/000143710724000184/0001437107-24-000184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437107/000143710724000184/disca-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437107-24-000184
- JSON: https://secwatch.observer/filing/0001437107-24-000184.json
- Plain text: https://secwatch.observer/filing/0001437107-24-000184.txt

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