Company: WBD
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437107-25-000216
Chunk: 158

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 158
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).

 Three Months Ended September 30, Nine Months Ended September 30, 20252024% Change20252024% ChangeStreaming$345 $289 19 %$977 $268 NMStudios$695 $308 NM$1,817 $702 NMGlobal Linear Networks$1,702 $2,115 (20)%$5,007 $6,232 (20)%Corporate$(258)$(296)13 %$(807)$(927)13 %Inter-segment eliminations $(14)$(3)NM$(466)$35 NM

Supplemental Streaming & Studios and Global Linear Networks Division Information

The following tables present, for our Streaming & Studios and Global Linear Networks divisions, supplemental information about revenues and Adjusted EBITDA (in millions).

Revenues

 Three Months Ended September 30, Nine Months Ended September 30, 20252024% Change% Change (ex-FX)20252024% Change% Change (ex-FX)Streaming$2,633 $2,634 — %— %$8,082 $7,662 5 %6 %Studios3,321 2,680 24 %23 %9,436 7,950 19 %19 %Streaming & Studios eliminations(675)(424)(59)%(59)%(2,698)(1,158)NMNMStreaming & Studios5,279 4,890 8 %7 %14,820 14,454 3 %2 %Global Linear Networks3,883 5,010 (22)%(23)%13,460 15,407 (13)%(13)%Corporate1 4 (75)%(75)%2 6 (67)%(67)%Other inter-segment eliminations (118)(281)58 %58 %(446)(573)22 %22 %Total revenues$9,045 $9,623 (6)%(6)%$27,836 $29,294 (5)%(5)%

Adjusted EBITDA

 Three Months Ended September 30, Nine Months Ended September 30, 20252024% Change% Change (ex-FX)20252024% Change% Change (ex-FX)Streaming$345 $289 19