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Jun 30, 2024
Warner Bros Discovery Q2 2024 Earnings Report
Warner Bros. Discovery reported a decrease in revenue and a significant net loss due to a goodwill impairment charge, while global DTC subscribers increased.
Key Takeaways
Warner Bros. Discovery's Q2 2024 results showed a decrease in total revenues and a significant net loss, which included a $9.1 billion non-cash goodwill impairment charge. However, the global DTC subscribers increased by 3.6 million, and Global DTC ARPU saw a 4% ex-FX increase.
Q2 total revenues decreased by 5% ex-FX compared to the prior year quarter, totaling $9.7 billion.
Net loss was $(10.0) billion, including a $9.1 billion non-cash goodwill impairment charge.
Global DTC subscribers increased to 103.3 million, with a 3.6 million subscriber increase vs. Q1.
Global DTC ARPU increased by 4% ex-FX to $8.00.
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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