Company: WBD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437107-25-000096
Chunk: 137

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 137
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CRITICAL ACCOUNTING ESTIMATES

Our critical accounting estimates have not changed since December 31, 2024. For a discussion of each of our critical accounting estimates, including information and analysis of estimates and assumptions involved in their application, see “Critical Accounting Estimates” included in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our 2024 Form 10-K.

NEW ACCOUNTING AND REPORTING PRONOUNCEMENTS

Certain new accounting and reporting standards will be effective for us during the year ended December 31, 2025. (See Note 1 to the accompanying consolidated financial statements.)

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Supplemental Data for Results of Operations

The following table presents supplemental consolidating data for our Streaming & Studios division, Global Linear Networks reportable segment, Corporate, and consolidating adjustments.

Consolidated - Represents the consolidated results of operations of the Company and its subsidiaries.

Streaming & Studios - Represents the results of our Streaming & Studios division, which includes our Streaming and Studios reportable segments and eliminations between those two reportable segments.

Global Linear Networks - Represents the results of our Global Linear Networks reportable segment.

Corporate - Represents the results of our Corporate functions.

Consolidating adjustments - Represents eliminations between the Streaming & Studios division and the Global Linear Networks reportable segment, as well as other Corporate eliminations.

Supplemental Data for Results of Operations (in millions)Supplemental Consolidating DataConsolidatedStreaming & StudiosGlobal Linear NetworksCorporateConsolidating adjustmentsFor the three months ended March 31,2025202420252024202520242025202420252024Revenues:Distribution$4,886 $4,985 $2,330 $2,190 $2,558 $2,797 $— $— $(2)$(2)Advertising1,980 2,148 237 179 1,758 1,987 — — (15)(18)Content1,866 2,558 1,611 2,404 380 264 — — (125)(110)Other247 267 169 190 78 77 — 1 — (1)Total revenues8,979 9,958 4,347 4,963 4,774 5,125 — 1 (142)(131)Costs of revenues, excluding depreciation and amortization5,131 6,058