secwatch.observer — SEC 8-K summary
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Issuer:     Warner Bros. Discovery, Inc. (WBD)
CIK:        0001437107
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001437107-24-000184
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437107/000143710724000184/0001437107-24-000184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437107/000143710724000184/disca-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001437107-24-000184

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer