{"schema_version":"secwatch.filing_event.v1","accession":"0001437107-25-000213","form_type":"8-K","ticker":"WBD","cik":"0001437107","company_name":"Warner Bros. Discovery, Inc.","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.410851+00:00","generated_at":"2026-05-16T23:35:31.532349+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Warner Bros. Discovery Q3 net loss $148M; revenue down 6% YoY but streaming subs up to 128M","bullets":["Revenue $9.045B, down 6% YoY; net loss $148M vs income $135M.","Adjusted EBITDA $2.47B, up 2% ex-FX; streaming subscribers 128.0M (+2.3M QoQ).","Studios revenue +23% ex-FX to $3.32B, Adj EBITDA $695M (vs $308M).","Free cash flow $701M; repaid $1.2B debt including $1B bridge loan.","Guidance: Studios to exceed $2.4B Adj EBITDA, Streaming at least $1.3B for 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001437107-25-000213","json":"https://secwatch.observer/filing/0001437107-25-000213.json","markdown":"https://secwatch.observer/filing/0001437107-25-000213.md","text":"https://secwatch.observer/filing/0001437107-25-000213.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437107/000143710725000213/0001437107-25-000213-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437107/000143710725000213/disca-20251106.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:35:31.532349+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"}