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Mar 31, 2022

Warner Bros Discovery Q1 2022 Earnings Report

Reported financial results for the quarter ended March 31, 2022, with Discovery, Inc. results only, excluding WarnerMedia business acquired on April 8, 2022.

Key Takeaways

Warner Bros. Discovery's Q1 2022 results reflect Discovery, Inc.'s performance, with a 13% increase in total revenues to $3,159 million. Net income was $456 million, and free cash flow increased by 33% to $238 million. The company ended the quarter with 24 million DTC subscribers.

Total revenues increased by 13% to $3,159 million compared to the prior year quarter.

Net income available to Warner Bros. Discovery, Inc. was $456 million.

Free cash flow increased 33% to $238 million.

Ended Q1 with 24 million DTC subscribers, an increase of 2 million subscribers since the end of Q4.

Total Revenue
$3.16B
Previous year: $2.79B
+13.1%
EPS
$0.69
Previous year: $0.21
+228.6%
Gross Profit
$1.92B
Previous year: $1.82B
+5.5%
Cash and Equivalents
$4.16B
Previous year: $2.01B
+107.3%
Free Cash Flow
$238M
Previous year: $179M
+33.0%
Total Assets
$33.8B
Previous year: $33.6B
+0.5%

Warner Bros Discovery

Warner Bros Discovery

Warner Bros Discovery Revenue by Segment

Forward Guidance

Warner Bros. Discovery may provide forward-looking commentary in connection with this earnings announcement on its quarterly earnings conference call.

Revenue & Expenses

Visualization of income flow from segment revenue to net income