Company: WBD
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437107-25-000192
Chunk: 31

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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ITEM 1. Unaudited Financial Statements.

WARNER BROS. DISCOVERY, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited; in millions, except per share amounts)

 Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Revenues:Distribution$4,885 $4,879 $9,771 $9,864 Advertising2,216 2,430 4,196 4,578 Content2,471 2,109 4,337 4,667 Other240 295 487 562 Total revenues9,812 9,713 18,791 19,671 Costs and expenses:Costs of revenues, excluding depreciation and amortization5,967 6,204 11,098 12,262 Selling, general and administrative2,477 2,461 4,671 4,693 Depreciation and amortization1,447 1,744 2,994 3,632 Restructuring and other charges80 117 134 152 Impairments and loss on dispositions26 9,395 116 9,407 Total costs and expenses9,997 19,921 19,013 30,146 Operating loss(185)(10,208)(222)(10,475)Interest expense, net(463)(518)(931)(1,033)Gain on extinguishment of debt, net2,958 542 2,954 567 Income (loss) from equity investees, net5 (23)(2)(71)Other income, net139 172 221 158 Income (loss) before income taxes2,454 (10,035)2,020 (10,854)Income tax (expense) benefit(866)7 (881)(129)Net income (loss)1,588 (10,028)1,139 (10,983)Net income attributable to noncontrolling interests(7)(10)(15)(17)Net (income) loss attributable to redeemable noncontrolling interests(1)52 3 48 Net income (loss) available to Warner Bros. Discovery, Inc.$1,580 $(9,986)$1,127 $(10,952)Net income (loss) per share available to Warner Bros. Discovery, Inc. Series A common