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Form 8-K · Current Report · Filed 2025-05-08

Warner Bros. Discovery Reports Q1 2025 Financial Results

Warner Bros. Discovery, Inc. reported its first-quarter 2025 financial results on May 8, 2025. The company posted total revenues of $8.98 billion, a 9% decrease from the prior year, with Adjusted EBITDA of $2.10 billion, a 4% increase. The company's streaming segment showed growth with 122.3 million global subscribers, up 5.3 million from the previous quarter, while the studios segment faced declines driven by lower box office and home entertainment revenues. The company also issued a shareholder letter and highlighted its Investor Relations website as a source for further information.

Filer
Warner Bros. Discovery, Inc. WBD · NASDAQ
Filed
Accession
0001437107-25-000093
CIK
0001437107
Signal
High impactCommunication Services

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Miss General Statement
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure Press Release Furnished
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$8.56

Next session

+6.0%

Since filing

+207.2%

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.

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