Company: WBD
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437107-25-000216
Chunk: 73

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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ated Results of Operations

The table below presents our consolidated results of operations (in millions).Three Months Ended September 30,Nine Months Ended September 30,20252024% Change% Change (ex-FX)20252024% Change% Change (ex-FX)Revenues:Distribution$4,702 $4,920 (4)%(4)%$14,473 $14,784 (2)%(2)%Advertising1,407 1,682 (16)%(17)%5,603 6,260 (10)%(11)%Content2,649 2,721 (3)%(3)%6,986 7,388 (5)%(5)%Other287 300 (4)%(7)%774 862 (10)%(12)%Total revenues9,045 9,623 (6)%(6)%27,836 29,294 (5)%(5)%Costs of revenues, excluding depreciation and amortization4,564 5,181 (12)%(12)%15,662 17,443 (10)%(10)%Selling, general and administrative2,361 2,385 (1)%(2)%7,032 7,078 (1)%(1)%Depreciation and amortization1,375 1,762 (22)%(22)%4,369 5,394 (19)%(19)%Restructuring and other charges88 9 NMNM222 161 38 %38 %Impairments and loss on dispositions46 5 NMNM162 9,412 (98)%(98)%Total costs and expenses8,434 9,342 (10)%(10)%27,447 39,488 (30)%(31)%Operating income (loss)611 281 NMNM389 (10,194)NMNMInterest 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