{"schema_version":"secwatch.filing_event.v1","accession":"0001437107-26-000011","form_type":"8-K","ticker":"WBD","cik":"0001437107","company_name":"Warner Bros. Discovery, Inc.","filed_at":"2026-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.082338+00:00","generated_at":"2026-05-15T23:31:16.230953+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"WBD Q4 revenue falls 6% to $9.46B; net loss $252M; streaming adds 3.5M subs","bullets":["Q4 revenue $9.46B (down 6% YoY); net loss $252M vs loss $494M a year ago; adjusted EBITDA $2.22B (down 19%).","Global streaming subscribers grew to 131.6M (+3.5M QoQ); streaming revenue up 4% ex-FX to $2.79B.","Global Linear Networks revenue fell 13% ex-FX to $4.20B; Studios revenue down 14% ex-FX to $3.18B.","Free cash flow Q4 $1.38B (down 43% YoY) impacted by ~$600M separation/transaction costs; FY FCF $3.09B.","Net debt $29.0B with 3.3x leverage; repaid $1B bridge loan; facility maturity extended to June 2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001437107-26-000011","json":"https://secwatch.observer/filing/0001437107-26-000011.json","markdown":"https://secwatch.observer/filing/0001437107-26-000011.md","text":"https://secwatch.observer/filing/0001437107-26-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437107/000143710726000011/0001437107-26-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437107/000143710726000011/disca-20260226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T23:31:16.230953+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"}