Company: WBD
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437107-25-000216
Chunk: 61

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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Less:Net income attributable to noncontrolling interests(4)(3)(19)(20)Net (income) loss attributable to redeemable noncontrolling interests(1)(3)2 45 Redeemable noncontrolling interest adjustments of carrying value to redemption value (redemption value does not equal fair value)— — — (4)Net income (loss) available to Warner Bros. Discovery, Inc. Series A common stockholders for basic and diluted earnings per share$(148)$135 $979 $(10,821)Denominator — weighted average:Common shares outstanding — basic2,479 2,453 2,473 2,449 Dilutive effect of share-based awards— 17 37 — Common shares outstanding — diluted2,479 2,470 2,510 2,449 Basic net income (loss) per share allocated to common stockholders$(0.06)$0.06 $0.40 $(4.42)Diluted net income (loss) per share allocated to common stockholders$(0.06)$0.05 $0.39 $(4.42)The table below presents the details of share-based awards that were excluded from the calculation of diluted earnings per share (in millions).Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Anti-dilutive share-based awards95 57 47 73 Supplier Finance ProgramsAs of September 30, 2025 and December 31, 2024, the Company has confirmed $225 million and $307 million, respectively, of accrued content producer liabilities. These amounts were outstanding and unpaid by the Company and were recorded in accrued liabilities on the consolidated balance sheets.LeasesDuring the three months ended March 31, 2025, the Company subleased a portion of its Hudson Yards, New York office. As a result of executing the sublease, the Company recorded a right-of-use (“ROU”) asset impairment charge of $87 million. The ROU asset impairment charge was recorded in impairment and loss on dispositions in the consolidated statements of operations.Other than the item disclosed above, no other material changes have occurred to the Company’s lease portfolio for the periods presented. Refer to the Company’s 2024 Form 10-K for more information on the Company’s leases.

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WARNER BROS. DISCOVERY, INC.NOTES TO CONSOLIDATED FINANCIAL