Warner Bros. Discovery said total revenues for Q4 were $9.5 billion, a 7% decrease ex-FX from the prior year quarter, and full-year total revenues were $37.3 billion, a 5% decrease ex-FX from the prior year.

1. 01

   Warner Bros. Discovery said total revenues for Q4 were $9.5 billion, a 7% decrease ex-FX from the prior year quarter, and full-year total revenues were $37.3 billion, a 5% decrease ex-FX from the prior year.

2. 02

   The company said Total Adjusted EBITDA for Q4 was $2.2 billion, a 20% decrease ex-FX, and full-year Adjusted EBITDA was $8.7 billion, a 3% decrease ex-FX. It cited a decline in the Global Linear Networks segment as the primary driver for both periods.

3. 03

   Warner Bros. Discovery said global streaming subscribers at the end of Q4 were 131.6 million, an increase of 3.5 million from Q3, and global streaming ARPU decreased 9% ex-FX to $6.80.

4. 04

   The company said cash provided by operating activities for Q4 was $1.8 billion and free cash flow was $1.4 billion, with approximately $600 million of separation and transaction related items unfavorably impacting results. It added that net debt at year-end was $29.0 billion and net leverage was 3.3x.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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