Form 8-K · Current Report · Filed 2024-05-09
Warner Bros. Discovery Announces Q1 2024 Earnings and Initiates Debt Tender Offer
Warner Bros. Discovery, Inc. reported its Q1 2024 earnings on May 9, 2024. The company reported total revenues of $9,958 million, a 7% decrease compared to the prior year. The net loss available to the company was $(966) million, which included $1,879 million of pre-tax acquisition-related expenses. Adjusted EBITDA was $2,102 million, a 20% decrease compared to the prior year quarter, primarily due to lower revenues from the gaming segment. Additionally, the company announced a tender offer to repurchase up to $1,750,000,000 aggregate purchase price of its outstanding senior notes.
- Filer
- Warner Bros. Discovery, Inc. WBD · NASDAQ
- Filed
- Accession
- 0001437107-24-000107
- CIK
- 0001437107
- Signal
- Medium impactCommunication Services
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$7.80
Next session
+4.5%
Since filing
+237.2%
Latest close
$26.30
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from WBD reporting the same item, with the next session's move:
Exhibits (2)
About Warner Bros. Discovery, Inc.
Warner Bros. Discovery, Inc. is a prominent global media and entertainment company known for its extensive portfolio of content and entertainment services. The company's primary function is to create and distribute varied media products, including films, television programming, and digital content. Among its notable features is ownership of Warner Bros. Pictures, a significant player in the film industry, and HBO, a well-regarded cable network known for producing acclaimed original series. Warner Bros. Discovery also operates Discovery Channel, adding to its diverse range of content catering to different audiences. The company impacts multiple sectors, including cinema, television broadcasting, and digital streaming services. Its role in the market is bolstered by an ability to reach a vast audience through a mix of traditional and innovative platforms, as well as its strategic focus on expanding its digital and streaming presence. This makes Warner Bros. Discovery a key entity in shaping the future of entertainment consumption worldwide.
Never miss another WBD filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.