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REPORTABLE SEGMENTS (Tables)

3 Months Ended

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)

X

- 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.

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

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-Name Accounting Standards Codification
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