{"schema_version":"secwatch.filing_event.v1","accession":"0001437107-26-000055","form_type":"8-K","ticker":"WBD","cik":"0001437107","company_name":"Warner Bros. Discovery, Inc.","filed_at":"2026-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.287412+00:00","generated_at":"2026-05-14T22:35:50.602826+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"WBD Q1 net loss $2.9B includes $2.8B Netflix termination fee; Adj EBITDA +5%","bullets":["Net loss available to WBD of $2.916B ($1.17 diluted EPS) vs $453M loss YoY; $2.8B Netflix termination fee.","Total revenues $8.893B, down 1% reported (3% ex-FX); Streaming rev +7% ex-FX, Studios +31%.","Adjusted EBITDA $2.203B (+5% reported); Free cash flow -$476M vs +$302M prior year.","Ended Q1 with 140M+ global streaming subs, ahead of guidance; on track for 150M by year-end 2026.","Leverage 3.4x net debt/EBITDA; $30.1B net debt; $3.3B cash; $4.0B revolver undrawn."],"urls":{"canonical":"https://secwatch.observer/filing/0001437107-26-000055","json":"https://secwatch.observer/filing/0001437107-26-000055.json","markdown":"https://secwatch.observer/filing/0001437107-26-000055.md","text":"https://secwatch.observer/filing/0001437107-26-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437107/000143710726000055/0001437107-26-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437107/000143710726000055/disca-20260506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T22:35:50.602826+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"}