Warner Bros. Discovery Q3 Earnings Analysis and Insights
Thursday, 7 November 2024, 14:08
Warner Bros. Discovery Q3 Earnings Overview
Warner Bros. Discovery (NASDAQ: WBD), a major player in the media & entertainment industry, released its Q3 2024 earnings report, showcasing several noteworthy trends. As part of the business news narrative for the quarter, WBD’s financial performance illustrates both challenges and opportunities within the sector.
Financial Performance Highlights
- Total Revenue: Reported at $9.6 billion, a 4% decrease from the previous year.
- Studios Revenue: Decreased by 17% to $2.68 billion.
- Network Revenue: Increased by 3% to $5 billion.
- Direct-to-Customer Revenue: Improved by 8% year-over-year, totaling $2.63 billion.
- Net Income: Achieved at $135 million, a recovery from a $417 million loss in Q3 2023.
- Adjusted EBITDA: Registered at $2.4 billion, down 19% year-over-year.
- Free Cash Flow: Accumulated $0.6 billion.
- Debt Management: The company repaid/repurchased $0.9 billion of debt, closing the quarter with $3.5 billion in cash.
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.