Company: WBD
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437107-25-000192
Chunk: 60

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 will be payable by Disney to Fubo if the transaction is terminated under certain circumstances. The Company and Fox have agreed to reimburse a portion of the termination fee to Disney if it becomes payable. In addition, the Defendants reached a settlement with Fubo related to Fubo’s antitrust claims and collectively paid $220 million to Fubo in January 2025, of which the Company’s share was $55 million. As of June 30, 2025, no other funding under this agreement has occurred. On January 10, 2025, the Defendants announced their decision to discontinue the Venu Sports joint venture and not launch its streaming service effective immediately. Discovery FamilyHasbro Inc. (“Hasbro”) had the right to put the entirety of its remaining 40% interest in Discovery Family to the Company. Hasbro did not exercise the right by the election period expiration date of March 31, 2025. As of March 31, 2025, Hasbro’s noncontrolling interest was reclassified from redeemable noncontrolling interest to noncontrolling interest outside of stockholders’ equity on the Company’s consolidated balance sheets.Accumulated Other Comprehensive LossThe table below presents the changes in the components of accumulated other comprehensive loss, net of taxes (in millions).Three Months Ended June 30, 2025Currency Translation DerivativesPension Plan and SERP LiabilityAccumulated Other Comprehensive LossBeginning balance$(777)$11 $(74)$(840)Other comprehensive income (loss) before reclassifications444 20 — 464 Reclassifications from accumulated other comprehensive loss to net income— 5 — 5 Other comprehensive income (loss)444 25 — 469 Ending balance$(333)$36 $(74)$(371)

25

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

Three Months Ended June 30, 2024Currency Translation DerivativesPension Plan and SERP LiabilityAccumulated Other Comprehensive LossBeginning balance$(875)$22 $(60)$(913)Other comprehensive income (loss) before reclassifications9 12 — 21 Reclassifications from accumulated other comprehensive loss to net income— 2 — 2 Other comprehensive income (loss)9 14 — 23 Ending balance$(866)$36 $(60)$(890)Six Months Ended June 30, 2025Currency TranslationDeriv