Company: WBD
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437107-25-000192
Chunk: 70

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 companies.

Consolidated Results of Operations

The table below presents our consolidated results of operations (in millions).Three Months Ended June 30,Six Months Ended June 30,20252024% Change% Change (ex-FX)20252024% Change% Change (ex-FX)Revenues:Distribution$4,885 $4,879 — %— %$9,771 $9,864 (1)%— %Advertising2,216 2,430 (9)%(10)%4,196 4,578 (8)%(9)%Content2,471 2,109 17 %16 %4,337 4,667 (7)%(7)%Other240 295 (19)%(23)%487 562 (13)%(15)%Total revenues9,812 9,713 1 %— %18,791 19,671 (4)%(4)%Costs of revenues, excluding depreciation and amortization5,967 6,204 (4)%(4)%11,098 12,262 (9)%(10)%Selling, general and administrative2,477 2,461 1 %— %4,671 4,693 — %(1)%Depreciation and amortization1,447 1,744 (17)%(17)%2,994 3,632 (18)%(18)%Restructuring and other charges80 117 (32)%(32)%134 152 (12)%(12)%Impairments and loss on dispositions26 9,395 (100)%(100)%116 9,407 (99)%(99)%Total costs and expenses9,997 19,921 (50)%(50)%19,013 30,146 (37)%(37)%Operating loss(185)(10,208)98 %98 %(222)(10,475)98 %98 %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