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Dec 31, 2023
Warner Bros Discovery Q4 2023 Earnings Report
Warner Bros. Discovery reported a decrease in revenue and a net loss for Q4 2023, but saw growth in free cash flow and DTC subscribers.
Key Takeaways
Warner Bros. Discovery's Q4 2023 results showed a revenue of $10.284 billion, a net loss of $400 million, and an adjusted EBITDA of $2.471 billion. The company's global DTC subscribers reached 97.7 million. The company generated $6.2 billion in free cash flow and paid down $5.4 billion in debt in 2023.
Q4 total revenues were $10,284 million, decreased 7% ex-FX compared to the prior year quarter.
Net loss available to Warner Bros. Discovery, Inc. was $(400) million.
Reported free cash flow increased to $3,310 million.
Global DTC subscribers were 97.7 million with Global DTC ARPU of $7.94.
Forward Guidance
Warner Bros. Discovery is focused on rolling out Max in key international markets, a more robust creative pipeline across film and TV studios and further progress against long-range financial goals.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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