NASDAQ$WBD
Warner Bros Discovery Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Discovery, Inc. reported an increase in revenue and DTC subscribers, with significant growth in both U.S. and international markets. The company also highlighted progress towards the Warner Bros. Discovery merger.
Discovery, Inc. reported a 10% increase in Q4 total revenues to $3,187 million and ended the year with 22 million DTC subscribers. The company's U.S. advertising revenues increased by 5%, and distribution revenues increased by 17%. International advertising revenues grew by 10%, and distribution revenues increased by 2%. Net income available to Discovery, Inc. was $38 million, and free cash flow was $784 million for the quarter.
- Total revenues increased by 10% to $3,187 million.
- Global DTC paying subscribers reached 22 million.
- U.S. Networks revenues increased by 14% to $2,025 million.
- Free cash flow increased by 78% to $784 million.
Headline financials
Revenue & EPS history
Warner Bros Discovery · Revenue · Quarterly
$3.19B
Revenue by segment
Warner Bros Discovery · $3.23B total across 1 segment · Q3 2023
- Studios$3.23B+4.5%100.0%
Forward guidance
Discovery may provide forward-looking commentary in connection with this earnings announcement on its quarterly earnings conference call.
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 Q4 2021
-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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