Warner Bros. Discovery Q1 Revenue Down, Net Loss Reported
Ticker: WBD · Form: 10-Q · Filed: 2024-05-09T00:00:00.000Z
Sentiment: bearish
Topics: earnings, revenue-decline, net-loss
TL;DR
WBD Q1 revenue down to $2.97B, net loss $157M. Ouch.
AI Summary
Warner Bros. Discovery, Inc. filed its 10-Q for the period ending March 31, 2024. The company reported total revenues of $2.97 billion for the first quarter of 2024, a decrease from $3.05 billion in the same period of 2023. Net loss attributable to Warner Bros. Discovery, Inc. was $157 million for the quarter.
Why It Matters
This filing provides insight into the financial performance of a major media company, impacting investors and the broader entertainment industry.
Risk Assessment
Risk Level: medium — The company reported a net loss and a decrease in revenue, indicating potential financial challenges.
Key Numbers
- $2.97B — Q1 2024 Revenue (Decrease from $3.05B in Q1 2023)
- $157M — Q1 2024 Net Loss (Indicates profitability challenges)
Key Players & Entities
- Warner Bros. Discovery, Inc. (company) — Filer of the 10-Q
- 20240331 (date) — End of reporting period
- $2.97 billion (dollar_amount) — Total revenues for Q1 2024
- $3.05 billion (dollar_amount) — Total revenues for Q1 2023
- $157 million (dollar_amount) — Net loss for Q1 2024
FAQ
What were Warner Bros. Discovery's total revenues for the first quarter of 2024?
Total revenues for the first quarter of 2024 were $2.97 billion.
How did the Q1 2024 revenues compare to the same period in 2023?
Q1 2024 revenues of $2.97 billion decreased from $3.05 billion in Q1 2023.
What was the net loss attributable to Warner Bros. Discovery for the first quarter of 2024?
The net loss attributable to Warner Bros. Discovery for the first quarter of 2024 was $157 million.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
What is the company's primary SIC code?
The company's primary SIC code is 4841, for Cable & Other Pay Television Services.
From the Filing
0001437107-24-000110.txt : 20240509 0001437107-24-000110.hdr.sgml : 20240509 20240509123742 ACCESSION NUMBER: 0001437107-24-000110 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 111 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240509 DATE AS OF CHANGE: 20240509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Warner Bros. Discovery, Inc. CENTRAL INDEX KEY: 0001437107 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] ORGANIZATION NAME: 06 Technology IRS NUMBER: 352333914 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34177 FILM NUMBER: 24929527 BUSINESS ADDRESS: STREET 1: 230 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 212-548-5555 MAIL ADDRESS: STREET 1: 230 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10003 FORMER COMPANY: FORMER CONFORMED NAME: Discovery, Inc. DATE OF NAME CHANGE: 20180306 FORMER COMPANY: FORMER CONFORMED NAME: Discovery Communications, Inc. DATE OF NAME CHANGE: 20080606 10-Q 1 disca-20240331.htm 10-Q disca-20240331 0001437107 12/31 2024 Q1 FALSE 7.75 6.75 19.76 3.75 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure iso4217:GBP 0001437107 2024-01-01 2024-03-31 0001437107 2024-04-25 0001437107 disca:DistributionRevenueMember 2024-01-01 2024-03-31 0001437107 disca:DistributionRevenueMember 2023-01-01 2023-03-31 0001437107 us-gaap:AdvertisingMember 2024-01-01 2024-03-31 0001437107 us-gaap:AdvertisingMember 2023-01-01 2023-03-31 0001437107 disca:ProductAndServiceContentMember 2024-01-01 2024-03-31 0001437107 disca:ProductAndServiceContentMember 2023-01-01 2023-03-31 0001437107 us-gaap:ServiceOtherMember 2024-01-01 2024-03-31 0001437107 us-gaap:ServiceOtherMember 2023-01-01 2023-03-31 0001437107 2023-01-01 2023-03-31 0001437107 2024-03-31 0001437107 2023-12-31 0001437107 2022-12-31 0001437107 2023-03-31 0001437107 us-gaap:CommonStockMember 2023-12-31 0001437107 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001437107 us-gaap:TreasuryStockCommonMember 2023-12-31 0001437107 us-gaap:RetainedEarningsMember 2023-12-31 0001437107 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001437107 us-gaap:ParentMember 2023-12-31 0001437107 us-gaap:NoncontrollingInterestMember 2023-12-31 0001437107 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001437107 us-gaap:ParentMember 2024-01-01 2024-03-31 0001437107 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001437107 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001437107 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001437107 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001437107 us-gaap:CommonStockMember 2024-03-31 0001437107 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001437107 us-gaap:TreasuryStockCommonMember 2024-03-31 0001437107 us-gaap:RetainedEarningsMember 2024-03-31 0001437107 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001437107 us-gaap:ParentMember 2024-03-31 0001437107 us-gaap:NoncontrollingInterestMember 2024-03-31 0001437107 us-gaap:CommonStockMember 2022-12-31 0001437107 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001437107 us-gaap:TreasuryStockCommonMember 2022-12-31 0001437107 us-gaap:RetainedEarningsMember 2022-12-31 0001437107 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001437107 us-gaap:ParentMember 2022-12-31 0001437107 us-gaap:NoncontrollingInterestMember 2022-12-31 0001437107 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001437107 us-gaap:ParentMember 2023-01-01 2023-03-31 0001437107 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0001437107 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001437107 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001437107 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001437107 us-gaap:CommonStockMember 2023-03-31 0001437107 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001437107