Company: WBD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437107-25-000096
Chunk: 138

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 138
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 2,762 3,594 2,457 2,497 21 12 (109)(45)Selling, general and administrative2,194 2,232 1,134 1,099 655 635 416 514 (11)(16)Depreciation and amortization1,547 1,888 541 701 907 1,105 99 82 — — Restructuring and other charges54 35 7 13 16 11 31 11 — — Impairments and loss on dispositions90 12 2 5 2 — 86 7 — — Total costs and expenses9,016 10,225 4,446 5,412 4,037 4,248 653 626 (120)(61)Operating (loss) income$(37)$(267)$(99)$(449)$737 $877 $(653)$(625)$(22)$(70)

42

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements in this Quarterly Report on Form 10-Q constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our business, marketing and operating strategies, integration of acquired businesses, new product and service offerings, financial prospects and anticipated sources and uses of capital. Words such as “anticipate,” “assume,” “believe,” “continue,” “estimate,” “expect,” “forecast,” “future,” “intend,” “plan,” “potential,” “predict,” “project,” “strategy,” “target” and similar terms, and future or conditional tense verbs like “could,” “may,” “might,” “should,” “will” and “would,” among other terms of similar substance used in connection with any discussion of future operating or financial performance identify forward-looking statements. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be accomplished. The following is a list of some, but not all, of the factors that could cause actual results or events to differ materially from those anticipated:

•more intense competitive pressure from existing or new competitors in the industries in which we operate;

•reduced spending on domestic and