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Mar 31, 2024
Warner Bros Discovery Q1 2024 Earnings Report
Warner Bros Discovery reported a decrease in revenues but an increase in free cash flow for Q1 2024.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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