Warner Bros Discovery Inc

For the period ended Mar 31, 2025. Filed May 8, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 8, 2025

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Contents

Consolidated Statements of Operations

(unaudited; in millions, except per share amounts)

	Three Months Ended March 31,
	2025	2024
Revenues:
Distribution	$4,886	$4,985
Advertising	1,980	2,148
Content	1,866	2,558
Other	247	267
Total revenues	8,979	9,958
Costs and expenses:
Costs of revenues, excluding depreciation and amortization	5,131	6,058
Selling, general and administrative	2,194	2,232
Depreciation and amortization	1,547	1,888
Restructuring and other charges	54	35
Impairments and loss on dispositions	90	12
Total costs and expenses	9,016	10,225
Operating loss	(37)	(267)
Interest expense, net	(468)	(515)
(Loss) gain on extinguishment of debt	(4)	25
Loss from equity investees, net	(7)	(48)
Other income (expense), net	82	(14)
Loss before income taxes	(434)	(819)
Income tax expense	(15)	(136)
Net loss	(449)	(955)
Net income attributable to noncontrolling interests	(8)	(7)
Net loss (income) attributable to redeemable noncontrolling interests	4	(4)
Net loss available to Warner Bros. Discovery, Inc.	$(453)	$(966)
Net loss per share available to Warner Bros. Discovery, Inc. Series A common stockholders:
Basic	$(0.18)	$(0.40)
Diluted	$(0.18)	$(0.40)
Weighted average shares outstanding:
Basic	2,462	2,443
Diluted	2,462	2,443
The accompanying notes are an integral part of these consolidated financial statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.