WBD Warner Bros. Discovery
FY2024 10-K
Warner Bros. Discovery (WBD) filed its fiscal year 2024 10-K annual report with the SEC on Feb 27, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2024 10-K
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
Financial SummaryXBRL
Revenue
$39.3B
Net Income
-$11.3B
Operating Margin
-25.5%
Net Margin
-28.8%
ROE
-33.2%
Total Assets
$104.6B
EPS (Diluted)
$-4.62
Operating Cash Flow
$5.4B
Source: XBRL data from Warner Bros. Discovery FY2024 10-K filing on SEC EDGAR. All figures in USD.
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