10-K - Warner Bros. Discovery, Inc. (0001437107) (Filer)

Thu, Feb 27, 5:23 PM (17 days ago)

**Summary of Warner Bros. Discovery, Inc. (WBD) 10-K for Fiscal Year Ended December 31, 2024** Warner Bros. Discovery, Inc. (WBD) reported a significant decline in financial performance for FY 2024, with total revenues of $39,321 million, down 5% from $41,321 million in 2023. Distribution revenues fell to $19,701 million (down 3%), advertising revenues decreased to $8,090 million (down 7%), and content revenues dropped to $10,297 million (down 8%). The company recorded a net loss of $11,482 million, including a $9.1 billion goodwill impairment charge related to its Networks segment, reflecting ongoing challenges in the linear advertising market and subscriber declines. This resulted in a loss per share of $4.62. The company is undergoing a strategic transformation, reorganizing into two divisions: Global Linear Networks and Streaming & Studios, aimed at enhancing operational flexibility and shareholder value. Future outlook remains cautious due to risks including competitive pressures, declining linear subscribers, and regulatory challenges. WBD's debt stood at $39,505 million at year-end, with ongoing restructuring initiatives contributing to operational challenges. The company aims to leverage its extensive content library and streaming platforms to drive growth amidst a shifting media landscape.