Warner Bros. Discovery (WBD) FY2024 10-K Annual Report
Warner Bros. Discovery (WBD) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 27, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Warner Bros. Discovery FY2024 10-K Analysis
Business Overview
- • Core business: global media and entertainment focused on direct-to-consumer (DTC) streaming services and content distribution
- • 2024 launch of Max streaming service in Europe and Latin America driving 20% DTC subscriber growth and 5% distribution revenue increase
Management Discussion & Analysis
- • Revenue $39.3B, down 4% ex-FX YoY; Distribution $19.7B (-1%), Advertising $8.1B (-7%), Content $10.3B (-8%)
- • Operating loss $(10.0B) in 2024 vs. loss $(1.5B) in 2023; margin affected by $9.1B goodwill impairment on Networks segment
Risk Factors
- • Multiemployer defined benefit pension plans with >5% total contributions as of Dec 31, 2024, risk of substantial withdrawal liabilities
- • Exposure to potential additional contributions due to underfunded pension plans under federal law impacting financial results
Warner Bros. Discovery FY2024 Key Financial MetricsXBRL
Revenue
$39.3B
▼ -4.8% YoY
Net Income
-$11.3B
▼ -261.8% YoY
Operating Margin
-25.5%
▼ -2177bp YoY
Net Margin
-28.8%
▼ -2120bp YoY
ROE
-33.2%
▼ -2632bp YoY
Total Assets
$104.6B
▼ -14.8% YoY
EPS (Diluted)
$-4.62
▼ -260.9% YoY
Operating Cash Flow
$5.4B
▼ -28.1% YoY
Source: XBRL data from Warner Bros. Discovery FY2024 10-K filing on SEC EDGAR. All figures in USD.
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