Revenue segments as reported by the company.

Advertising

Distribution

Other

Content

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Depreciation and amortization

Impairment of goodwill and other intangible assets

Restructuring and other charges

Impairments and loss on dispositions

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Warner Bros Discovery Inc

Warner Bros. Discovery, Inc. operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, New Line Cinema, Cartoon Network, Adult Swim, and Turner Classic Movies. The company is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Warner Bros Discovery reports robust Q4 performance and streaming focus

Warner Bros Discovery's Q4 performance highlights strong financials, strategic focus on IP, and progress in streaming profitability.
The company faces challenges in ad sales and market dynamics but sees opportunities in content integration, community engagement, and market upswing.
Prioritizing quality content, cost savings, and achieving profitability targets are key strengths driving Warner Bros Discovery's strategy.
Balancing financial performance, content excellence, and market positioning will be crucial for Warner Bros Discovery's growth and success.

Warner Bros Discovery Inc reports strong Q1 EBITDA growth and DTC focus

Warner Bros Discovery Inc navigated Q1 challenges with strong EBITDA growth and a focus on DTC business, aiming for profitability this year. The company's strategic initiatives in content expansion, international markets, and reducing churn for HBO Max position it well for future growth and profitability.

Warner Bros Discovery excels in Q2, eyes global expansion

Warner Bros Discovery's Q2 performance showcased strong free cash flow, debt reduction, and strategic focus on Direct-to-Consumer and gaming for growth.
The company's strengths lie in content creation, advertising opportunities, and leveraging IPs, while facing challenges in linear business and industry disruptions.
Opportunities include multiple growth levers for 2024, international expansion, and maximizing advertising and content potential, with a clear focus on profitability.
Overall, Warner Bros Discovery is navigating challenges with resilience, focusing on strategic growth areas, and positioning itself for future success in the evolving media landscape.

Warner Bros Discovery exceeds $2B in free cash flow, eyes growth

Warner Bros Discovery Inc's Q3 earnings call highlighted strong financial performance, strategic focus on key IP, and growth opportunities in streaming, gaming, and sports. The company is prioritizing debt reduction, sustainable growth, and maximizing the value of its content to drive future success.

Warner Bros Discovery Inc (WBD) reports strong Q4 performance and eyes global growth opportunities

Warner Bros Discovery Inc (WBD) delivered a strong performance in Q4 2023, showcasing financial achievements, successful franchise revivals, and global expansion efforts. While facing challenges in its Studios and Networks segments, the company is leveraging its strengths in streaming profitability, post-merger integration, and content diversity. With a focus on profitability, growth initiatives, and strategic partnerships, Warner Bros Discovery is poised for future success.

Warner Bros Discovery (WBD) excels in Q1 2024, eyes digital ad growth

Warner Bros Discovery (WBD) showcased robust performance in Q1 2024, capitalizing on key strengths in subscriber growth and content monetization. Despite challenges in studio results and certain markets, the company is strategically positioned to seize opportunities in digital advertising and global content distribution. Ongoing efforts towards operational efficiency and consumer-centric strategies underpin its growth trajectory.

Warner Bros Discovery sees strong subscriber growth and global expansion

Warner Bros Discovery's Q2 earnings call highlighted impressive subscriber growth, content production, and global expansion efforts. The company's strategic focus on direct-to-consumer initiatives, partnerships, and engaging content positions it well for sustained growth. While facing challenges in debt reduction and competitive pressures, Warner Bros Discovery remains optimistic about its ability to drive profitability and expand its market presence.

Warner Bros Discovery reports strong Q3 performance amidst business challenges

Warner Bros Discovery Inc showcased strong performance in its direct-to-consumer segment, while facing challenges in the Networks and Studios businesses. The company's focus on enhancing shareholder value and stabilizing linear TV operations are key strengths. Opportunities lie in driving growth in the direct-to-consumer segment and optimizing operations in the linear networks business.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Warner Bros. Discovery, Inc. is a premier global media and entertainment company, which engages in the provision of a differentiated portfolio of content, brands, and franchises across television, film, streaming, and gaming. It operates through the following segments: Studios, Networks, Direct-to-Consumer (DTC), and Corporate. The Studios segment includes producing and releasing feature films for initial exhibition in theaters, producing and initial licensing television programs to networks services as well as third parties, distributing films and television programs to various third party, internal television, and streaming services, distribution through the home entertainment market related consumer products, and themed experience licensing and interactive gaming. The Networks segment focuses on domestic and international television networks. The DTC segment is involved in premium pay-television and streaming services. The company was founded on June 17, 1985 and is headquartered in New York, NY.

Comcast

Disney

Netflix

Paramount Global

The stocks of studios and streaming companies were mostly higher early Thursday, after Hollywood's actors union reached a tentative deal with studios to end its strike, ending months of labor strife that ground the film and television industries to a historic halt, as the Associated Press reported. While union members have yet to vote on the three-year contract agreement, the leadership declared that the strike will end at 12:01 a.m.

Studio and streaming company stocks rally after Hollywood's actors union reaches tentative deal to end strike

The deal includes minimum pay increases, provisions for consent and compensation that will protect actors from the threat of AI, and a streaming participation bonus.

The Actors' Strike Is Over. Warner Bros.

Hollywood's actors and studios have a preliminary labor agreement.

SAG-AFTRA actors' union reaches tentative labor agreement with Hollywood studios

Warner Bros. Discovery's (WBD) third-quarter results reflect a decline in overall ad sales and global DTC subscribers.

Warner Bros. Discovery (WBD) Q3 Loss Narrows Y/Y, Ad Sales Fall

Warner Bros. Discovery stock dropped more than 16% on Wednesday following it's third quarter earnings report.

Warner Bros. Discovery plunges 16% as CEO warns of 'generational disruption' to media

Investors bid down shares of Warner Bros. Discovery today as its chief financial officer described a U.S. ad market “that has continued to be weaker than we had hoped” and a recovery that's hard to predict “with any conviction.” The shares are down more that 16% at about $9.

Warner Bros. Discovery Shares Pummeled After Glum Outlook For U.S. Advertising

Warner Bros. Discovery missed estimates on the top and bottom lines.

Why Warner Bros. Discovery Stock Plunged Today

Warner Bros. Discovery, Inc. (NASDAQ:WBD ) Q3 2023 Earnings Conference Call November 8, 2023 8:00 AM ET Company Participants Andrew Slabin - Investor Relations David Zaslav - President and Chief Executive Officer Gunnar Wiedenfels - Chief Financial Officer Jean-Briac Perrette - Chief Executive Officer and President of Global Streaming and Games Conference Call Participants Steven Cahill - Wells Fargo Jessica Reif Ehrlich - Bank of America Robert Fishman - MoffettNathanson Rich Greenfield - LightShed Ventures Benjamin Swinburne - Morgan Stanley Brett Feldman - Goldman Sachs Operator Ladies and gentlemen, welcome to the Warner Bros.

Warner Bros. Discovery, Inc. (WBD) Q3 2023 Earnings Call Transcript

Warner Bros. Discovery (WBD) was the worst-performing stock in the S&P 500 in early trading Wednesday as shares tumbled over 15% after the media giant posted a drop in ad sales at its TV networks and lost direct-to-consumer service subscribers.

Warner Bros. Discovery Shares Tumble as Its TV Ad Sales and Streaming Subscribers Decline

Chief Executive David Zaslav said the company saw its lightest original content slate in years and had to delay some releases, leading to a drop in third-quarter streaming subscriber numbers.

Warner Bros Discovery warns about ‘real risk' in Hollywood after strikes' financial hit

Warner Bros. Discovery is seeing its direct-to-consumer (D2C) subscriptions lose members, even as the shift to ad-supported models helps drive revenue increases for these services.

Max Sheds Subscribers as Ads Boost Streaming Revenue

“Let me start by saying that we are hopeful we will reach a resolution to the sag after strike. We made a last and final offer, which met virtually all of the union's goals, and includes the highest wage increase in 40 years, and believe it provides for a positive outcome for all involved.

Warner Bros. Discovery Says Strike's Financial Impact Risks Spilling Into 2024; CEO David Zaslav Hints At M&A – “We Could Be Really Opportunistic”

Warner Bros Discovery Inc (NASDAQ:WBD) reported a higher-than-expected 3Q loss as the ongoing Hollywood strike and weaker advertising revenue hit the entertainment company's bottom line. Its direct-to-consumer division, however, stood out with a surprise profit from its flagship brand Max.

Warner Bros Discovery 3Q: Barbie success can't overcome weak ad spending

Warner Bros. Discovery reported third quarter earnings before the bell Wednesday.

Warner Bros. Discovery stock sinks as ad revenue falls and Zaslav warns of 'generational disruption'

Smash film 'Barbie's' $1.5 billion box office drives theatrical revenue but strike hurts TV. Streaming posts $111 million profit, despite slight drop in subscribers.

‘Barbie' Boosts Warner Bros. Discovery In Q3 But Actors Strike Hurts

The entertainment company reports a third-quarter loss of 17 cents a share, wider than analysts' expectations.

Warner Bros. Discovery Feels Pain of Hollywood Strikes.

Warner Bros. Discovery's third quarter was mixed with ‘Barbie' coin and free cash flow beloved by Wall Street offset by sluggish advertising and the impact of the actors' strike on the one of the industry's biggest content creators.

Warner Bros. Discovery Sees ‘Barbie' Boost & Free Cash Flow In Mixed Quarter Squeezed By Strike, Soft Ad Market

Shares of Warner Bros. Discovery Inc. WBD, +1.40% slumped 2.3% in premarket trading Wednesday, after the studio and streaming video company reported a wider-than-expected third loss, while revenue just topped expectations.

Warner Bros. Discovery stock slumps after wider-than-expected loss, while revenue topped projections

Box office smash "Barbie" helped Warner Bros Discovery (WBD.O) top third-quarter profit estimates, but the company said on Wednesday the effect of two Hollywood strikes and a weak advertising market could continue to hamper the company's earnings into next year.

Warner Bros Discovery says strike effects, weak ad market to linger into 2024

NEW YORK , Nov. 8, 2023 /PRNewswire/ -- Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today reported financial results for the quarter ended September 30, 2023.

WARNER BROS. DISCOVERY REPORTS THIRD-QUARTER 2023 RESULTS

NEW YORK , Nov. 7, 2023 /PRNewswire/ -- In honor of the film that has become a holiday tradition for families around the globe, Warner Bros. Discovery and the Empire State Building are celebrating the 20th anniversary of New Line Cinema's holiday classic "Elf" with a special tower lighting, film screenings, and themed décor at the Observatory through the holiday season.

Warner Bros. Discovery and the Empire State Building Celebrate the 20th Anniversary of New Line Cinema's Holiday Classic "Elf" with a Tower Lighting, Special Film Screenings, and Observatory Décor

NEW YORK--(BUSINESS WIRE)--There's room for everyone on ESB's nice list! The Empire State Building (ESB) announced plans to treat every day like the holidays as it celebrates the 20th anniversary of New Line Cinema's holiday classic “Elf” with a special tower lighting, film screenings, and themed décor at the Observatory through the holiday season. The beloved film – that premiered in 2003 – features Buddy the Elf, who travels from the North Pole to New York City to meet his father at his offic.

The Empire State Building Partners with Warner Bros. Discovery to Celebrate the 20th Anniversary of New Line Cinema's Holiday Classic “Elf” with a Tower Lighting, Special Film Screenings, and Observatory Décor

Warner Bros. Discovery (WBD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Warner Bros. Discovery (WBD) Ahead of Earnings?

Expedia

Generac Holdings

Monolithic Power Systems

Insulet

SPDR S&P 500 ETF Trust

After entering correction territory in the last week of October, the S&P 500 Index staged a solid comeback in the first week of November.

5 Stocks That Powered S&P 500 ETF Last Week

Warner Bros. Discovery's (WBD) third-quarter results are likely to reflect slow advertising revenues and subscriber growth in viewership amid cost-cutting measures.

News for Warner Bros Discovery Inc Stock (WBD)