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REPORTABLE SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Reportable Segments, Corporate, and Inter-Segment Eliminations | The tables below present summarized financial information for each of the Company’s reportable segments (in millions). Revenues
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
Streaming |  | $ | 2,656 |  |  | $ | 2,460 |  |  |  |  |
Studios |  | 2,314 |  |  | 2,821 |  |  |  |  |
Global Linear Networks |  | 4,774 |  |  | 5,125 |  |  |  |  |
Corporate |  | — |  |  | 1 |  |  |  |  |
Inter-segment eliminations |  | (765) |  |  | (449) |  |  |  |  |
Total revenues |  | $ | 8,979 |  |  | $ | 9,958 |  |  |  |  |
Reconciliation of Revenues to Segment Adjusted EBITDA
|  | Three months ended March 31, 2025
|  | Streaming |  | Studios |  | Global Linear Networks
Revenues |  | $ | 2,656 |  |  | $ | 2,314 |  |  | $ | 4,774 |
Less: |  |  |  |  |  |
Content expense (a) |  | 1,504 |  |  | 1,339 |  |  | 1,832 |
Personnel expense (b) |  | 186 |  |  | 230 |  |  | 496 |
Marketing expense |  | 220 |  |  | 252 |  |  | 104 |
Other segment expenses (c) |  | 407 |  |  | 234 |  |  | 549 |
Segment Adjusted EBITDA |  | $ | 339 |  |  | $ | 259 |  |  | $ | 1,793 |
|  | Three months ended March 31, 2024
|  | Streaming |  | Studios |  | Global Linear Networks
Revenues |  | $ | 2,460 |  |  | $ | 2,821 |  |  | $ | 5,125 |
Less: |  |  |  |  |  |
Content expense (a) |  | 1,567 |  |  | 1,950 |  |  | 1,843 |
Personnel expense (b) |  | 192 |  |  | 240 |  |  | 548 |
Marketing expense |  | 289 |  |  | 289 |  |  | 88 |
Other segment expenses (c) |  | 326 |  |  | 158 |  |  | 527 |
Segment Adjusted EBITDA |  | $ | 86 |  |  | $ | 184 |  |  | $ | 2,119 |
(a) Content expense includes amortization, impairments, participations, residuals, development expense, and production costs, including talent costs, and is a component of costs of revenues. Content expense excludes content impairments and other development costs recorded in restructuring and other charges, amortization of purchase accounting fair value step-up for content, and amortization of capitalized interest for content as these items are excluded from the calculation of Adjusted EBITDA. (b) Personnel expense is a component of costs of revenues and selling, general and administrative expense. Personnel expense includes marketing personnel compensation and excludes commissions (included in other segment expenses) and talent costs (included in content expense). (c) Other segment expenses include distribution costs, other direct costs, software and hardware costs, IT services, professional and consulting fees, commissions, and certain other overhead costs. Other segment expenses exclude depreciation and amortization, amortization of purchase accounting fair value step-up for content, amortization of capitalized interest for content, employee share-based compensation, third-party transaction and integration costs, and other items impacting comparability as these items are excluded from the calculation of Adjusted EBITDA.
Schedule of Reconciliation of Net Loss Available to Warner Bros. Discovery, Inc. to Adjusted EBITDA | Reconciliation of segment adjusted EBITDA to loss before income taxes
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
Streaming |  | $ | 339 |  |  | $ | 86 |  |  |  |  |
Studios |  | 259 |  |  | 184 |  |  |  |  |
Global Linear Networks |  | 1,793 |  |  | 2,119 |  |  |  |  |
Segment Adjusted EBITDA |  | 2,391 |  |  | 2,389 |  |  |  |  |
Depreciation and amortization |  | 1,547 |  |  | 1,888 |  |  |  |  |
Employee share-based compensation |  | 120 |  |  | 99 |  |  |  |  |
Restructuring and other charges |  | 54 |  |  | 35 |  |  |  |  |
Transaction and integration costs |  | 80 |  |  | 81 |  |  |  |  |
Facility consolidation costs |  | 5 |  |  | 2 |  |  |  |  |
Impairment and amortization of fair value step-up for content |  | 240 |  |  | 235 |  |  |  |  |
Amortization of capitalized interest for content |  | 6 |  |  | 17 |  |  |  |  |
Impairments and loss on dispositions |  | 90 |  |  | 12 |  |  |  |  |
Corporate |  | 233 |  |  | 346 |  |  |  |  |
Inter-segment eliminations |  | 53 |  |  | (59) |  |  |  |  |
Other (income) expense, net |  | (82) |  |  | 14 |  |  |  |  |
Loss from equity investees, net |  | 7 |  |  | 48 |  |  |  |  |
Loss (gain) on extinguishment of debt |  | 4 |  |  | (25) |  |  |  |  |
Interest expense, net |  | 468 |  |  | 515 |  |  |  |  |
Loss before income taxes |  | $ | (434) |  |  | $ | (819) |  |  |  |  |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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