Key Highlights from Warner Bros. Discovery Q1 2024 Earnings Report

Thursday, 9 May 2024, 13:35

Warner Bros. Discovery reported its financial results for Q1 2024, revealing a 7% decrease in total revenues year-over-year. Notably, Studio revenues declined by 13%, Networks revenues fell by 8%, and Direct-to-Customer revenues saw a modest increase. Despite a net loss of $966 million, the adjusted EBITDA for the quarter was $2.10 billion. The company also witnessed improvements in cash flow, with operating activities generating $585 million and free cash flow reaching $390 million.

https://store.livarava.com/3b7277dd-0e09-11ef-a6c2-63e1980711b2.jpg — Key Highlights from Warner Bros. Discovery Q1 2024 Earnings Report

Warner Bros. Discovery Q1 2024 Earnings Report

Warner Bros. Discovery, a prominent media and entertainment company, released its financial data for the first quarter of 2024. The report showcased various financial indicators, including revenue figures and net loss.

Highlights:

Total Revenues: Recorded a 7% decline year-over-year to $9.96 billion
Studio Revenues: Decreased by 13% to $2.82 billion
Networks Revenues: Dropped 8% to $5.13 billion
Direct-to-Customer Revenues: Saw a modest increase to $2.46 billion
Net Loss: Stood at $966 million for the quarter
Adjusted EBITDA: $2.10 billion in Q1 2024
Cash Flow: Operating activities yielded $585 million with a free cash flow of $390 million

The financial performance metrics for Warner Bros. Discovery's Q1 2024 offer insights into the company's revenue trends and operational efficiency.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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Warner Bros. Discovery Q1 2024 Earnings Report

Highlights:

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