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Sep 30, 2024
Warner Bros Discovery Q3 2024 Earnings Report
Warner Bros. Discovery reported mixed Q3 2024 results with revenue decline offset by DTC subscriber growth and strategic partnerships.
Key Takeaways
Warner Bros. Discovery's Q3 2024 results revealed a 3% decrease in revenue ex-FX compared to the prior year quarter, totaling $9.6 billion. Net income stood at $0.1 billion, including $1.6 billion in pre-tax acquisition-related expenses. Despite revenue challenges, the company saw significant growth in its global DTC subscribers, reaching 110.5 million, and expanded its strategic partnership with Charter Communications.
Total revenues reached $9.6 billion, a 3% decrease ex-FX compared to the prior year quarter.
Net income was $0.1 billion, including $1.6 billion of pre-tax acquisition-related expenses.
Global DTC subscribers increased to 110.5 million, with a quarterly growth of 7.2 million subscribers.
Free cash flow was $0.6 billion.
Revenue by Segment
Forward Guidance
Warner Bros. Discovery did not provide specific forward guidance in this earnings release.
Revenue & Expenses
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