Company: WBD
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437107-25-000192
Chunk: 127

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 127
---
1,585)$9,812 Three Months Ended June 30, 2024StreamingStudiosGlobal Linear NetworksCorporate and Inter-segment EliminationsTotalRevenues:Distribution$2,202 $3 $2,675 $(1)$4,879 Advertising240 — 2,214 (24)2,430 Content123 2,237 299 (550)2,109 Other3 209 84 (1)295 Total$2,568 $2,449 $5,272 $(576)$9,713 

12

WARNER BROS. DISCOVERY, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

Six Months Ended June 30, 2025StreamingStudiosGlobal Linear NetworksCorporate and Inter-segment EliminationsTotalRevenues:Distribution$4,739 $2 $5,035 $(5)$9,771 Advertising519 1 3,711 (35)4,196 Content190 5,730 667 (2,250)4,337 Other1 382 164 (60)487 Total$5,449 $6,115 $9,577 $(2,350)$18,791 Six Months Ended June 30, 2024StreamingStudiosGlobal Linear NetworksCorporate and Inter-segment EliminationsTotalRevenues:Distribution$4,387 $8 $5,472 $(3)$9,864 Advertising415 4 4,201 (42)4,578 Content222 4,860 563 (978)4,667 Other4 398 161 (1)562 Total$5,028 $5,270 $10,397 $(1,024)$19,671 Contract Liabilities and Contract AssetsThe following table presents contract liabilities on the consolidated balance sheets (in millions).CategoryBalance Sheet LocationJune 30, 2025December 31, 2024Contract liabilitiesDeferred revenues$1,527 $1,569 Contract liabilitiesOther noncurrent liabilities231 206 For the six months ended June 30, 2025 and 2024, respectively, revenues of $1,003 million and $1,046 million were recognized that were included in deferred revenues as of December 31, 2024 and December 31, 2023, respectively. Contract