Company: WBD
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437107-25-000216
Chunk: 44

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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7,056 $4 $7,422 $(9)$14,473 Advertising754 1 4,897 (49)5,603 Content269 8,841 884 (3,008)6,986 Other3 590 257 (76)774 Total$8,082 $9,436 $13,460 $(3,142)$27,836 Nine Months Ended September 30, 2024StreamingStudiosGlobal Linear NetworksCorporate and Inter-segment EliminationsTotalRevenues:Distribution$6,707 $14 $8,070 $(7)$14,784 Advertising620 5 5,691 (56)6,260 Content329 7,323 1,396 (1,660)7,388 Other6 608 250 (2)862 Total$7,662 $7,950 $15,407 $(1,725)$29,294 

13

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

Contract Liabilities and Contract AssetsThe following table presents contract liabilities on the consolidated balance sheets (in millions).CategoryBalance Sheet LocationSeptember 30, 2025December 31, 2024Contract liabilitiesDeferred revenues$1,649 $1,569 Contract liabilitiesOther noncurrent liabilities227 206 For the nine months ended September 30, 2025 and 2024, respectively, revenues of $1,205 million and $1,542 million were recognized that were included in deferred revenues as of December 31, 2024 and December 31, 2023, respectively. Contract assets were not material as of September 30, 2025 and December 31, 2024.Remaining Performance ObligationsThe following table presents a summary of revenue expected to be recognized from remaining performance obligations by contract type (in millions).Contract TypeSeptember 30, 2025DurationDistribution - fixed price or minimum guarantee$1,916 Through 2030Content licensing and sports sublicensing5,089 Through 2032Brand licensing3,548 Through 2052Advertising943 Through 2032Other139 Through 2029Total$11,635 The value of unsatisfied performance obligations disclosed above does not include: (i) contracts involving variable consideration for which revenues are recognized in accordance with