Company: WBD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437107-25-000096
Chunk: 96

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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 in accrued liabilities and other noncurrent liabilities by major category and by reportable segment and corporate and inter-segment eliminations were as follows (in millions).StreamingStudiosGlobal Linear NetworksCorporateTotalDecember 31, 2024$31 $95 $105 $58 $289 Employee termination accruals, net12 (5)14 8 29 Other accruals and adjustments— — — 24 24 Cash paid(3)(24)(26)(27)(80)March 31, 2025$40 $66 $93 $63 $262 

NOTE 4. REVENUES

The following tables present the Company’s revenues disaggregated by revenue source (in millions).Three Months Ended March 31, 2025StreamingStudiosGlobal Linear NetworksCorporate and Inter-segment EliminationsTotalRevenues:Distribution$2,329 $1 $2,558 $(2)$4,886 Advertising237 1 1,758 (16)1,980 Content88 2,139 380 (741)1,866 Other2 173 78 (6)247 Total$2,656 $2,314 $4,774 $(765)$8,979 Three Months Ended March 31, 2024StreamingStudiosGlobal Linear NetworksCorporate and Inter-segment EliminationsTotalRevenues:Distribution$2,185 $5 $2,797 $(2)$4,985 Advertising175 4 1,987 (18)2,148 Content99 2,623 264 (428)2,558 Other1 189 77 — 267 Total$2,460 $2,821 $5,125 $(448)$9,958 Contract Liabilities and Contract AssetsThe following table presents contract liabilities on the consolidated balance sheets (in millions).CategoryBalance Sheet LocationMarch 31, 2025December 31, 2024Contract liabilitiesDeferred revenues$1,600 $1,569 Contract liabilitiesOther noncurrent liabilities210 206 For the three months ended March 31, 2025 and 2024, respectively, revenues of $677 million and $772 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