FinancialWarner Bros. Discovery
Quarterly Report Form 10-Q: Q1 2022
26 Apr 20221 pages~141 min full read
Key insights
7 takeaways · ~3 min read- 01Warner Bros. Discovery, Inc. (formerly Discovery, Inc.) reported a significant increase in Net Income available to the company, rising from $140 million in Q1 2021 to $456 million in Q1 2022.
- 02Adjusted OIBDA (Operating Income Before Depreciation and Amortization) for Warner Bros. Discovery increased by 23% from $837 million in Q1 2021 to $1,027 million in Q1 2022.
- 03U.S. Networks revenue grew from $823 million in Q1 2021 to $1,025 million in Q1 2022, while International Networks revenue saw a smaller increase from $151 million to $161 million over the same period.
- 04The company's total deferred revenues decreased from $573 million at December 31, 2021, to $401 million at March 31, 2022, primarily due to revenue recognition.
- 05Restructuring and other charges decreased significantly from $15 million in Q1 2021 to $5 million in Q1 2022, with International Networks accounting for $4 million of these charges in Q1 2022.
- 06The allowance for credit losses increased from $54 million at December 31, 2021, to $61 million at March 31, 2022.
- 07Warner Bros. Discovery did not repurchase any common stock during the three months ended March 31, 2022.
Summary
SEC 10-Q filing for Warner Bros. Discovery, filed 2022-04-26.
Cite this report
Citation
Generating citation...
