Warner Bros Discovery Q3 2024 Earnings Report
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.
Warner Bros Discovery
Warner Bros Discovery
Forward Guidance
Warner Bros. Discovery did not provide specific forward guidance in this earnings release.