HBO

Warner Bros. Discovery Form 10-Q: Q3 2022

Warner Bros. Discovery’s financial performance for the third quarter of 2022 is defined by the massive structural and operational integration following the April 2022 merger between Discovery, Inc. and WarnerMedia.

• Warner Bros. Discovery reported a $2.29 billion net loss for Q3 2022, driven by $1.52 billion in restructuring charges and $1.39 billion in content impairments following the April 2022 merger.
• The company carries a $50.14 billion debt load and total long-term obligations exceeding $122 billion, which it manages through derivative instruments and a $6 billion revolving credit facility.
• The Direct-to-Consumer (DTC) segment reported an Adjusted EBITDA loss of $634 million, despite reaching 94.9 million core subscribers across HBO Max and discovery+.