Warner Bros. Discovery Inc (LTS:0IBD)

$ 26.65 0 (0%) Market Cap: 25.86 Bil Enterprise Value: 68.28 Bil PE Ratio: 0 PB Ratio: 0.58 GF Score: 74/100

Q2 2024 Warner Bros Discovery Inc Earnings Call Transcript

Aug 07, 2024 / 08:30PM GMT

Transcript 10-Q8-K

Key Points

Positve

Warner Bros. Discovery Inc (WBD) reported strong growth in its direct-to-consumer (DTC) segment, adding 3.6 million subscribers in Q2 2024.
The launch of Max in Europe, timed with the Olympics, was highly successful, engaging over 141 million people across various platforms.
The company has made significant progress in paying down its debt, successfully executing a tender for $3.4 billion of debt.
Warner Bros. Discovery Inc (WBD) has a robust content lineup for the next two years, including highly anticipated series like 'House of the Dragon' and 'The Penguin'.
The company is seeing strong momentum in its advertising revenues, with streaming ad revenues doubling year-over-year.

Negative

Warner Bros. Discovery Inc (WBD) recorded a $9 billion non-cash impairment charge against its Networks segment due to market conditions and strategic planning adjustments.
The company continues to face tough market conditions in its legacy business, particularly in the US ad market.
Free cash flow decreased by $750 million year-over-year, largely due to increased net content investment and lower operating profits.
The company is still in the midst of a multiyear turnaround for its studio business, with recent releases underperforming.
There is uncertainty related to future affiliate and sports rights renewals, which could impact the company's financial outlook.

Operator

Ladies and gentlemen, welcome to the Warner Bros. Discovery's second-quarter 2024 earnings conference call. (Operator Instructions) Additionally, please be advised that today's conference call is being recorded. I would now like to hand the call over to Mr. Andrew Slabin, Executive Vice President, Global Investor Strategy. Sir, you may now begin.

Andrew Slabin

Warner Bros Discovery Inc - Executive Vice President, Global Investor Strategy

Good afternoon, and thank you for joining us for Warner Bros. Discovery's Q2 earnings call. Joining me today is David Zaslav, President and Chief Executive Officer; Gunnar Wiedenfels, Chief Financial Officer; and JB Perrette, CEO and President, Global Streaming and Games. Today's presentation will include forward-looking statements that we made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements may include comments regarding the company's future business plans, prospects and financial performance and involve risks and uncertainties that could cause

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.