Company: WBD
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437107-25-000192
Chunk: 126

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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 strategic content programming assessments, organizational restructuring, facility consolidation activities, and other contract termination costs. During 2025, the Company initiated restructuring plans related to the announced Separation. During 2024, the Company initiated two restructuring initiatives; an organizational and personnel restructuring plan and a restructuring initiative associated with its Warner Bros. Games group.

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

Restructuring and other charges by reportable segments and corporate and inter-segment eliminations were as follows (in millions). Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Streaming$7 $15 $19 $17 Studios(1)19 (6)30 Global Linear Networks25 42 41 53 Corporate and inter-segment eliminations49 41 80 52 Total restructuring and other charges$80 $117 $134 $152 During the three and six months ended June 30, 2025 and 2024, restructuring and other charges were primarily related to organization restructuring costs and consulting fees.Changes in restructuring liabilities recorded in accounts payable, accrued liabilities, and other noncurrent liabilities by major category and by reportable segment and corporate were as follows (in millions).StreamingStudiosGlobal Linear NetworksCorporateTotalDecember 31, 2024$31 $95 $105 $58 $289 Employee termination accruals, net19 (6)41 35 89 Other accruals and adjustments— — — 45 45 Cash paid(12)(40)(51)(54)(157)June 30, 2025$38 $49 $95 $84 $266 

NOTE 4. REVENUES

The following tables present the Company’s revenues disaggregated by revenue source (in millions).Three Months Ended June 30, 2025StreamingStudiosGlobal Linear NetworksCorporate and Inter-segment EliminationsTotalRevenues:Distribution$2,410 $1 $2,477 $(3)$4,885 Advertising282 — 1,953 (19)2,216 Content102 3,591 287 (1,509)2,471 Other(1)209 86 (54)240 Total$2,793 $3,801 $4,803 $(