Warner Bros Discovery Q3 2022 Earnings Report
Key Takeaways
Warner Bros. Discovery reported Q3 total revenues of $9.823 billion, a decrease of 8% ex-FX compared to the prior year. The company had a net loss of $(2,308) million, including significant pre-tax amortization and restructuring charges. Global DTC subscribers reached 94.9 million, an increase of 2.8 million from the previous quarter. The company ended the quarter with $2.5 billion in cash and a net leverage of 5.1x.
Total revenues were $9,823 million, decreased 8% ex-FX compared to the prior year quarter.
Net loss was $(2,308) million, including $1,924 million of pre-tax amortization and $1,521 million of pre-tax restructuring charges.
Global DTC subscribers reached 94.9 million, up 2.8 million from Q2.
Free cash flow decreased to $(192) million.
Warner Bros Discovery
Warner Bros Discovery
Forward Guidance
No specific forward guidance was provided in the release.