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Warner Bros Discovery | 10-Q: Q2 2024 Earnings Report

Warner Bros Discovery | 10-Q: Q2 2024 Earnings Report

Warner Bros Discovery | 10-Q：2024财年二季报
美股SEC公告 ·  2024/08/07 17:06

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Warner Bros Discovery reported Q2 2024 revenues of $9.71 billion, down 6% year-over-year, while net loss significantly widened to $10.03 billion from $1.22 billion in Q2 2023. The results were primarily impacted by a $9.1 billion pre-tax goodwill impairment charge related to the Networks segment, reflecting continued pressure on traditional linear TV business.Distribution revenue declined 4% to $4.88 billion due to 9% drop in domestic linear subscribers, while advertising revenue fell 4% to $2.43 billion amid 13% audience declines in domestic networks. Content revenue decreased 14% to $2.11 billion, though theatrical revenue rose 19% driven by strong performance of films like Dune: Part Two and Godzilla x Kong.The company's streaming service Max reached 103.3 million total subscribers globally, up 7% year-over-year, with domestic ARPU increasing 9% to $12.08. Management continued executing cost synergy initiatives, with restructuring charges of $117 million in Q2. The company also completed a tender offer to purchase $3.4 billion of senior notes, recording a gain on extinguishment of $542 million.
Warner Bros Discovery reported Q2 2024 revenues of $9.71 billion, down 6% year-over-year, while net loss significantly widened to $10.03 billion from $1.22 billion in Q2 2023. The results were primarily impacted by a $9.1 billion pre-tax goodwill impairment charge related to the Networks segment, reflecting continued pressure on traditional linear TV business.Distribution revenue declined 4% to $4.88 billion due to 9% drop in domestic linear subscribers, while advertising revenue fell 4% to $2.43 billion amid 13% audience declines in domestic networks. Content revenue decreased 14% to $2.11 billion, though theatrical revenue rose 19% driven by strong performance of films like Dune: Part Two and Godzilla x Kong.The company's streaming service Max reached 103.3 million total subscribers globally, up 7% year-over-year, with domestic ARPU increasing 9% to $12.08. Management continued executing cost synergy initiatives, with restructuring charges of $117 million in Q2. The company also completed a tender offer to purchase $3.4 billion of senior notes, recording a gain on extinguishment of $542 million.
华纳兄弟探索公司报告2024年第二季度营业收入为97.1亿元，同比下降6%，而净亏损则大幅扩大至100.3亿元，较2023年第二季度的12.2亿元显著增加。业绩的主要影响因素是与网络业务相关的91亿元税前商誉减值费用，反映了传统线性电视业务面临的持续压力。由于国内线性订阅用户数下降9%，分销业务收入下降4%，降至48.8亿元，而由于国内网络观众减少13%，广告收入也下降4%，降至24.3亿元。内容收入下降14%，降至21.1亿元，尽管由于《沙丘：第二部分》和《哥斯拉大战金刚》等影片的强劲表现，影院收入上升19%。公司的流媒体概念Max在全球总订阅用户数达到了10330万，同比增长7%，国内平均每用户收入（ARPU）上升9%，达到12.08美元。管理层继续执行成本协同计划，第二季度重组费用为11700万元。公司还完成了一项收购34亿元高级票据的要约，记录了54200万元的债务解除收益。
华纳兄弟探索公司报告2024年第二季度营业收入为97.1亿元，同比下降6%，而净亏损则大幅扩大至100.3亿元，较2023年第二季度的12.2亿元显著增加。业绩的主要影响因素是与网络业务相关的91亿元税前商誉减值费用，反映了传统线性电视业务面临的持续压力。由于国内线性订阅用户数下降9%，分销业务收入下降4%，降至48.8亿元，而由于国内网络观众减少13%，广告收入也下降4%，降至24.3亿元。内容收入下降14%，降至21.1亿元，尽管由于《沙丘：第二部分》和《哥斯拉大战金刚》等影片的强劲表现，影院收入上升19%。公司的流媒体概念Max在全球总订阅用户数达到了10330万，同比增长7%，国内平均每用户收入（ARPU）上升9%，达到12.08美元。管理层继续执行成本协同计划，第二季度重组费用为11700万元。公司还完成了一项收购34亿元高级票据的要约，记录了54200万元的债务解除收益。
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