Warner Bros Discovery Q3 2023 Earnings Report
Key Takeaways
Warner Bros. Discovery reported a slight increase in Q3 revenues, growing to $9.979 billion. The company's Adjusted EBITDA saw substantial growth, increasing by 22% ex-FX. Free cash flow reached $2.059 billion, and the company made significant strides in debt repayment, reducing it by $2.4 billion during the quarter. Global DTC subscribers experienced a slight decrease, while global DTC ARPU increased by 6% ex-FX.
Total revenues reached $9.979 billion, with a 1% increase ex-FX compared to the prior year quarter.
Adjusted EBITDA increased by 22% ex-FX compared to the prior year quarter, reaching $2.969 billion.
Free cash flow increased to $2.059 billion.
Global DTC subscribers decreased slightly to 95.1 million, while global DTC ARPU increased by 6% ex-FX to $7.82.
Warner Bros Discovery
Warner Bros Discovery
Forward Guidance
Warner Bros. Discovery is not able to provide a reconciliation of the non-GAAP forward-looking commentary to comparable GAAP measures as, at this time, the Company cannot determine the occurrence or impact of the adjustments, such as the effect of future changes in foreign currency exchange rates or future acquisitions or divestitures that would be excluded from such GAAP measures.