NASDAQ$WBD
Warner Bros Discovery Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Warner Bros. Discovery's Q3 results were impacted by merger-related costs and restructuring charges, but DTC subscribers increased.
Warner Bros. Discovery reported Q3 total revenues of $9.823 billion, a decrease of 8% ex-FX compared to the prior year. The company had a net loss of $(2,308) million, including significant pre-tax amortization and restructuring charges. Global DTC subscribers reached 94.9 million, an increase of 2.8 million from the previous quarter. The company ended the quarter with $2.5 billion in cash and a net leverage of 5.1x.
- Total revenues were $9,823 million, decreased 8% ex-FX compared to the prior year quarter.
- Net loss was $(2,308) million, including $1,924 million of pre-tax amortization and $1,521 million of pre-tax restructuring charges.
- Global DTC subscribers reached 94.9 million, up 2.8 million from Q2.
- Free cash flow decreased to $(192) million.
Headline financials
Revenue & EPS history
Warner Bros Discovery · Revenue · Quarterly
$9.82B
Revenue by segment
Warner Bros Discovery · $3.09B total across 1 segment · Q3 2022
- Studios$3.09B—100.0%
Forward guidance
No specific forward guidance was provided in the release.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-1.5%
Avg return
Earnings day
-1.3%
Avg return
5 days after
-1.4%
Avg return
30 days after
37%
26 / 71 earnings
Positive
+11.6%
Q3 2019
Best reaction
-17.7%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.1% | -0.6% | -3.6% | |
| Q4 2025 | -0.4% | -2.4% | -6.3% | |
| Q3 2025 | -1.5% | +1.3% | +14.6% | |
| Q2 2025 | -8.0% | +1.6% | +2.1% | |
| Q1 2025 | +5.3% | +7.2% | +14.7% | |
| Q4 2024 | +4.8% | +7.8% | -1.2% | |
| Q3 2024 | +9.5% | +10.0% | +27.2% | |
| Q2 2024 | -7.3% | -11.4% | -4.6% | |
| Q1 2024 | +4.5% | +9.7% | +6.0% | |
| Q4 2023 | -10.6% | -8.9% | -11.7% | |
| Q3 2023 | -17.0% | -14.8% | -1.2% | |
| Q2 2023 | +11.3% | +14.9% | -7.9% | |
| Q1 2023 | +9.2% | +5.8% | -4.7% | |
| Q4 2022 | +0.8% | +1.3% | -9.2% | |
| Q3 2022 | -17.7% | -20.7% | -8.9% | |
| Q2 2022 | -12.7% | -21.6% | -21.8% | |
| Q1 2022 | -12.4% | -15.6% | -16.4% | |
| Q4 2021 | +0.1% | -0.4% | -3.0% | |
| Q3 2021 | +3.7% | +7.0% | -2.3% | |
| Q2 2021 | -2.6% | -0.2% | -0.5% | |
| Q1 2021 | -2.7% | -7.4% | -17.7% | |
| Q4 2020 | +4.3% | +4.4% | +22.0% | |
| Q3 2020 | +1.9% | +11.6% | +38.7% | |
| Q2 2020 | -1.7% | -1.0% | +3.6% | |
| Q1 2020 | -3.4% | -4.3% | +16.6% | |
| Q4 2019 | -2.9% | -0.9% | -28.1% | |
| Q3 2019 | +11.6% | +11.0% | +15.7% | |
| Q2 2019 | +2.3% | +1.0% | -6.1% | |
| Q1 2019 | -5.0% | -7.1% | -11.8% | |
| Q4 2018 | -2.0% | -0.4% | -7.9% | |
| Q3 2018 | -0.3% | -2.9% | -12.5% | |
| Q2 2018 | -4.7% | -3.5% | +2.6% | |
| Q1 2018 | -4.7% | +2.7% | -2.7% | |
| Q4 2017 | -3.4% | -2.0% | -14.9% | |
| Q3 2017 | -13.8% | -9.6% | +1.6% | |
| Q2 2017 | -9.0% | -11.5% | -17.2% | |
| Q1 2017 | -4.2% | -4.3% | -4.3% | |
| Q4 2016 | -1.9% | -1.2% | -3.0% | |
| Q3 2016 | -3.5% | -1.8% | +4.0% | |
| Q2 2016 | +8.3% | +6.3% | +3.7% | |
| Q1 2016 | +6.4% | — | — | |
| Q4 2015 | -5.1% | — | — | |
| Q3 2015 | +0.8% | — | — | |
| Q2 2015 | -9.1% | — | — | |
| Q1 2015 | -4.1% | — | — | |
| Q4 2014 | +0.1% | — | — | |
| Q3 2014 | -3.4% | — | — | |
| Q2 2014 | -0.5% | — | — | |
| Q1 2014 | -6.5% | — | — | |
| Q4 2013 | -2.5% | — | — | |
| Q3 2013 | +4.1% | — | — | |
| Q2 2013 | -5.5% | — | — | |
| Q1 2013 | -2.6% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | -4.5% | — | — | |
| Q2 2012 | -3.2% | — | — | |
| Q1 2012 | -6.7% | — | — | |
| Q2 2011 | -0.7% | — | — | |
| Q4 2011 | -0.7% | — | — | |
| Q3 2011 | +5.1% | — | — | |
| Q1 2011 | +3.5% | — | — | |
| Q2 2010 | -0.9% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q3 2010 | -4.1% | — | — | |
| Q1 2009 | +4.9% | — | — | |
| Q1 2010 | -1.3% | — | — | |
| Q4 2008 | +0.2% | — | — | |
| Q4 2007 | +0.2% | — | — | |
| Q2 2009 | +0.2% | — | — | |
| Q4 2009 | +0.2% | — | — | |
| Q3 2009 | +4.4% | — | — |
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