Warner Bros Discovery Q1 2024 Earnings Report
Key Takeaways
Warner Bros. Discovery's Q1 revenues decreased by 7% ex-FX compared to the prior year. The company reported a net loss of $(966) million, which includes significant pre-tax acquisition-related expenses. However, free cash flow improved by $1.3 billion year-over-year, and global DTC subscribers increased to 99.6 million.
Q1 revenues totaled $9,958 million, a 7% decrease ex-FX compared to the prior year.
Net loss was $(966) million, including $1,879 million in pre-tax acquisition-related expenses.
Free cash flow improved by $1.3 billion year-over-year to $390 million.
Global DTC subscribers reached 99.6 million, with global DTC ARPU at $7.83, a 4% ex-FX increase.
Warner Bros Discovery
Warner Bros Discovery
Forward Guidance
Warner Bros. Discovery may provide forward-looking commentary in connection with this earnings announcement on its quarterly earnings conference call.