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Jun 30, 2022
Warner Bros Discovery Q2 2022 Earnings Report
Warner Bros. Discovery reported mixed results with revenue slightly below expectations and a significant net loss, but streaming subscribers increased and free cash flow improved.
Key Takeaways
Warner Bros. Discovery reported Q2 total revenues of $9.827 billion. The company experienced a net loss of $(3,418) million, including significant charges for amortization, restructuring, and merger-related expenses. However, the company increased DTC subscribers to 92.1 million and reported free cash flow of $789 million.
Total reported revenues were $9,827 million.
Net loss available to Warner Bros. Discovery, Inc. was $(3,418) million, including $2,004 million of amortization of intangibles.
Total reported Adjusted EBITDA was $1,664 million.
Ended Q2 with 92.1 million global DTC subscribers, an increase of 1.7 million versus Q1.
Revenue by Segment
Historical Earnings Impact
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