Warner Bros Discovery Inc (OQ:WBD)
Business Focus: Television Broadcasting
| Sector: Consumer Cyclicals | Industry: Broadcasting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 230 PARK AVENUE SOUTH NEW YORK NY 10003 |
| Tel: | N/A |
| Website: | https://wbd.com |
| IR: | See website |
| Key People | ||
| David M. Zaslav President, Chief Executive Officer, Director | Gunnar Wiedenfels Chief Financial Officer | Jean-Briac Julien Perrette Chief Executive Officer and President - Global Streaming and Games |
| Gerhard Zeiler President, International | Adria Alpert-Romm Chief People and Culture Officer | Savalle C. Sims Executive Vice President, General Counsel |
| Lori Locke Chief Accounting Officer | Bruce L. Campbell Chief Revenue and Strategy Officer | David Leavy Chief Corporate Affairs Officer |
| Business Overview |
| Warner Bros. Discovery, Inc. is a global media and entertainment company. The Company operates through three segments: Studios, Networks, and DTC. The Studios segment consists of the production and release of feature films for initial exhibition in theaters, production, and initial licensing of television programs to its networks/DTC services as well as third parties, distribution of its films and television programs to various third party and internal television and streaming services, distribution through the home entertainment market (physical and digital), related consumer products and themed experience licensing, and interactive gaming. The Networks segment primarily consists of its domestic and international television networks. The DTC segment primarily consists of its premium pay-TV and streaming services. The Company's brands and franchises include Warner Bros. Motion Picture Group, DC, HBO, HBO Max, discovery+, CNN, TLC, OWN, Warner Bros., and Discovery Channel, among others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Warner Bros Discovery Inc revenues increased 22% to $41.32B. Net loss applicable to common stockholders decreased 58% to $3.13B. Revenues reflect DTC segment increase of 40% to $10.15B, Studios segment increase of 25% to $12.19B, Networks segment increase of 10% to $21.24B, United States segment increase of 23% to $28B, Other non-U.S segment increase of 20% to $13.32B. |
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