Company: WBD
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437107-25-000216
Chunk: 31

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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ITEM 1. Unaudited Financial Statements.

WARNER BROS. DISCOVERY, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited; in millions, except per share amounts)

 Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Revenues:Distribution$4,702 $4,920 $14,473 $14,784 Advertising1,407 1,682 5,603 6,260 Content2,649 2,721 6,986 7,388 Other287 300 774 862 Total revenues9,045 9,623 27,836 29,294 Costs and expenses:Costs of revenues, excluding depreciation and amortization4,564 5,181 15,662 17,443 Selling, general and administrative2,361 2,385 7,032 7,078 Depreciation and amortization1,375 1,762 4,369 5,394 Restructuring and other charges88 9 222 161 Impairments and loss on dispositions46 5 162 9,412 Total costs and expenses8,434 9,342 27,447 39,488 Operating income (loss)611 281 389 (10,194)Interest expense, net(570)(494)(1,501)(1,527)(Loss) gain on extinguishment of debt, net(1)23 2,953 590 Income (loss) from equity investees, net17 (18)15 (89)Other (expense) income, net(30)30 191 188 Income (loss) before income taxes27 (178)2,047 (11,032)Income tax (expense) benefit(170)319 (1,051)190 Net (loss) income(143)141 996 (10,842)Net income attributable to noncontrolling interests(4)(3)(19)(20)Net (income) loss attributable to redeemable noncontrolling interests(1)(3)2 45 Net (loss) income available to Warner Bros. Discovery, Inc.$(148)$135 $979 $(10,817)Net (loss) income per share available to Warner Bros. Discovery, Inc. Series A common stockholders:Basic$(0