Earnings Summary: Warner Bros. Discovery (WBD) reports Q4 2024 results

Media and entertainment company Warner Bros. Discovery (NASDAQ: WBD) on Thursday reported financial results for the fourth quarter of 2024.

• Fourth-quarter revenue decreased 2% year-over-year to $10.0 billion
• On an ex-FX basis, Q4 revenue declined 1% during the three months
• Studios revenues increased 15% to $3.66 billion, while network segment revenue decreased 5% to $4.77 billion
• At $2.65 billion, direct-to-customer revenue was up 5% year-over-year
• The company reported a net loss of $494 million for the December quarter, vs. a loss of $400 million in Q4 2023
• Total adjusted EBITDA came in at $2.72 billion during the three months, which is up 10% year-over-year
• Cash provided by operating activities was $2.72 billion in Q4; free cash flow totaled $2.43 billion
• The company repaid/repurchased $0.5 billion of debt during Q4, ending the quarter with $5.4 billion of cash on hand