Description
Warner Bros Discovery is a media and entertainment company that offers audiences a diverse range of content, brands, and franchises through television, film, streaming services, and gaming.
This report encompasses General Information, Highlights and Metrics, Business Outlook, and Financial Statements.
Goals and Objectives of the Research
Research Objective: To perform a comparative analysis of the Q2FY24 quarterly report and those of previous periods.
Research Tasks:
- Gather comprehensive financial and corporate information pertaining to the company for Q2FY24;
- Analyze the collected information;
- Conduct a comparative assessment of the Q2FY24 report with the reports from previous quarters of the current fiscal year and Q2FY23;
- Formulate 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.
The provided public company quarterly reports are unaudited.
Document Markup
- FY - Financial Year;
- Q - Quarter;
- WBD - Warner Bros. Discovery, Inc;
- Discovery - Discovery, Inc.;
- WM - WarnerMedia business;
- QoQ - Quarter-over-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 Q2FY24 Report Period is from April 1 to June 30, 2024.
Short Insights
- In the second quarter of fiscal year 2024, Warner Bros. Discovery launched the Max platform, migrating subscribers across Europe, and expanded into new markets such as France and Belgium. Currently, Max is available in 65 countries and territories.
- In Q2FY24, Net Revenue was $9.7 billion, down 2.46% from $9.96 billion in Q1 FY24 and 6.23% from $10.36 billion in Q2FY23.
