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.

Twenty-First Century Fox

FuboTV

Radio and television broadcast companies, Warner Bros. Discovery (WBD), Fox Corporation (FOXA) and fuboTV (FUBO), benefit from higher content consumption and steady digital viewing despite intense competition for ad revenues.

3 Broadcast Radio & TV Stocks to Watch in a Challenging Industry

Disney

Raymond James analyst Ric Prentiss initiated coverage of Disney and Warner Bros. with Outperform ratings, and Paramount with a Market Perform rating.

Disney and Warner Stocks Get a New Bull

Netflix

Streaming stocks have been in the penalty box for a while. Notably, investors have been questioning their ability to pivot to profitability.

The 3 Most Undervalued Streaming Stocks to Buy in September 2023

Warner Bros. Discovery has made significant progress in integrating and improving its businesses since its merger in April 2022. WBD's debt structure is favorable, with low-cost fixed-rate, long-term staggered maturity debt with an average life of 14+ years and an average rate of 4.6%. The fair value of WBD's fixed-rate debt is significantly less than its book value (by approximately $6.9 billion), presenting an opportunity for the company to purchase its debt at discounts.

Warner Bros. Discovery: The Market Is Misunderstanding The Favorable Debt Structure

That was Warner Bros. Discovery CEO Gunnar Wiedenfels talking about the ongoing strikes between Hollywood film studios and writers and actors unions, at a Bank of America conference this week.

Warner Bros. Discovery executive on the Hollywood strikes: ‘We have to get back to work'

Alaska Air Group

Etsy

General Motors

Moderna

Insulet

SolarEdge Technologies

The "Magnificent Seven" stocks in the S&P 500 are about to get a run for their money, analysts say.

7 Stocks Will Make You 46% Richer Than 'Magnificent 7,' Analysts

Broadcom

LVMH Moet Hennessy Louis Vuitton

The thing about bear markets is they are so short-lived. Since 1928, the average bear market lasted just 15 months.

Is History Repeating Itself? 3 Growth Stocks to Buy for the Coming Bull Market

Warner Bros. Discovery, Inc. CEO Zaslav's management track record makes it a better bet than other streamers in the sector. Warner Bros. and Disney have similar debt loads, but the former's management execution makes it a buy at $11 a share. The blend of experience and skills from CEO Zaslav and key holder John Malone make Warner Bros. Discovery, Inc. a good bet for long-term profitability.

Warner Bros. Discovery: If You Believe In Zaslav And Malone, Now's The Time To Move

Warner Bros. Discovery, Inc. (NASDAQ:WBD ) Bank of America Securities 2023 Media, Communications & Entertainment Conference September 14, 2023 8:50 AM ET Company Participants Gunnar Wiedenfels - Chief Financial Officer Conference Call Participants Jessica Reif Ehrlich - Bank of America Securities Jessica Reif Ehrlich Welcome to day two.

Warner Bros. Discovery, Inc. (WBD) Bank of America Securities 2023 Media, Communications & Entertainment Conference (Transcript)

Warner Bros. Discovery CFO Gunnar Wiedenfels echoed recent sentiments from Netflix and other major TV and film producers, saying the industry must resolve the ongoing strikes and “get back to work.” That's easier said than done, of course, with the WGA and SAG-AFTRA both dug in and little movement in talks with the AMPTP.

Warner Bros. Discovery Has Been “Really Shut Down” By Strikes, CFO Says, But Free Cash Flow Is Rising As Company Is “Unable To Deploy Capital” For Production

Warner Bros. Discovery will likely increase cash flow just by collecting old debts and billing customers for old items in addition to improving operations. The historical improvement is about to take an unusual turn when management found billions of unbilled and uncollected receivables. The reported cash flow highlights the need for immediate action, and the results show that the company is on track to generate the cash it is capable of.

Warner Bros. Discovery: Free Cash Flow Leap

Like many horrors before it, bad reviews didn't scare off moviegoers from buying tickets for “The Nun II.” The sequel to the 2018 hit, released in 3,728 theaters by Warner Bros.

‘The Nun II' conjures a solid $32.6 million to top box office

Warner Bros. Discovery's (WBD) HBO Original three-part documentary series, SAVIOR COMPLEX, is set to premiere on Sep 26.

Warner Bros. Discovery's (WBD) SAVIOR COMPLEX to Debut on Sep 26

BlackBerry

Awards Celebrate Visionaries Driving the Future of Mobility Through Software Innovation LOS ANGELES and WATERLOO, ON , Sept. 7, 2023 /PRNewswire/ -- MotorTrend Group , a Warner Bros.

MotorTrend and BlackBerry Announce "Call for Entries" for Second Annual SDV (Software-Defined Vehicle) Innovator Awards

Paramount Global

Warner Bros. Discovery CEO David Zaslav and Paramount Global CEO Bob Bakish addressed the future of television at the Goldman Sachs conference in San Francisco.

The TV Biz Is Coming Unglued. Paramount and Warner CEOs Weigh In.

Warner Bros. Discovery, Inc. (NASDAQ:WBD ) Goldman Sachs Communacopia & Technology Conference September 6, 2023 5:25 PM ET Company Participants David Zaslav - President & Chief Executive Officer Conference Call Participants Brett Feldman - Goldman Sachs Operator I'd just like to remind everybody today's presentation may include forward-looking statements regarding the company's future business prospects, plans and financial information.

Warner Bros. Discovery, Inc. (WBD) Goldman Sachs Communacopia & Technology Conference (Transcript)

The media industry needs to do everything it can to end the writers and actors strike, Warner Bros. Discovery CEO David Zaslav said Wednesday.

Warner Bros. Discovery CEO David Zaslav says writers, actors strikes need to end as media industry is in a transitional moment

Warner Bros. Discovery (WBD) trims its full-year 2023 adjusted earnings outlook as Hollywood labor strikes drag on longer than the entertainment conglomerate expected.

Warner Bros. Discovery (WBD) Cuts FY23 Profit Outlook by $500M

Customers will need to pay an added cost for sports on the platform starting next year, Bloomberg reported, citing people familiar with the matter.

Warner Bros. Discovery reportedly to offer live sports for free on Max

Warner Bros. Discovery stock suffered a stunning decline over the past three weeks as its early summer gains evaporated. My previous Buy rating panned out accordingly as WBD surged to its early August highs. Given the steep plunge, investors are afforded another opportunity to strike. I assessed the market remains uncertain about the company's DTC segment to mitigate the losses from its Networks business.

Warner Bros. Discovery: On The Verge Of Its Big Turnaround Story

Warner Bros Discovery plans to offer live sports at no additional price on its Max streaming service for a short period later this year, Bloomberg News reported on Wednesday.

Warner Bros Discovery plans to offer live sports for free on Max, Bloomberg reports

Warner Bros. Discovery Inc. (NASDAQ: WBD) is the house that Zaslav built.

Warner Bros Discovery Needs to Fire CEO Zaslav

Warner Bros. Discovery cut its earnings outlook for the year by hundreds of millions of dollars, blaming the ongoing Hollywood actors and writers strikes.

Warner Bros. Discovery says Hollywood strikes could cost company up to $500M this year

Warner Bros. Discovery braces for earnings hit from Hollywood strikes

Warner Bros. Discover (WBD) shares rose as the entertainment giant's update on its free cast flow and debt payments helped offset concerns about a negative impact to its earnings from Hollywood strikes.

News for Warner Bros Discovery Inc Stock (WBD)