Description
Warner Bros. Discovery, Inc. (WBD) is a prominent media and entertainment conglomerate formed through the merger of Discovery and WarnerMedia.
This dataset includes a full overview of Warner Bros. Discovery, Inc. for fiscal year 2023.
Research Goals and Objective
Research Objective: To study Warner Bros. Discovery, Inc publicly available financial information, determine the company's development strategy, and compile an overview of its Annual Financial Reports.
Research Tasks:
- Find the company’s comprehensive financial and corporate information;
- Analyze the gathered information;
- Draw conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
In the WBD Consolidated Annual Report 2022 and WBD Consolidated Annual Report 2023, WBD provides data for the period prior to the merger of Discovery with WM, referencing Discovery's reports. The figures for 2014-2021 are taken from Discovery's reports.
Document Markup
- FY - Financial Year;
- WBD - Warner Bros. Discovery, Inc;
- Discovery - Discovery, Inc.;
- WM - WarnerMedia business;
- Q - Quarter;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- Warner Bros. Discovery, Inc Annual Report Period is from January 1 to December 31, 2023;
- The specified financial year coincides with the calendar year.
Short Insights
- WBD reported significant revenue growth in FY23, reaching $41.3 billion, driven largely by the merger with Discovery in 2022;
- The company experienced a notable 22.19% increase in net revenue from FY22 to FY23;
- WBD's strategic acquisitions include BluTV, where it initially acquired a 35% stake and later acquired the remaining 65% in December 2023 for $50 million, reinforcing its presence in the SVOD platform market.
