Warner Bros. Discovery, Inc. Reports Third-Quarter 2022 Earnings Results w/ADAM POST Commentary!

Warner Bros. Discovery, Inc. Reports Third-Quarter 2022 Earnings Results

PLAYLIST 69 VIDEOS: WARNER BROTHERS DISCOVERY & DAVID ZASLAV

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Warner Bros. Discovery, Inc. (the “Company”) (Nasdaq: WBD) today reported financial results for the quarter ended September 30, 2022.

David Zaslav, President and Chief Executive Officer of Warner Bros. Discovery said, “At Warner Bros. Discovery, we have one of the strongest portfolio of assets and IP across sports, news, and entertainment, and the best leadership team in media executing against the right strategy and financial framework to drive profitability, generate meaningful shareholder value, and ultimately position us for long-term success. We are reimagining and transforming the organization for the future while driving synergy enterprise-wide, increasing our target to at least $3.5 billion, and making significant progress on our combined DTC product. While we have lots more work to do, and there are some difficult decisions still to be made, we have total conviction in the opportunity ahead.”

Financial Summary & Operational Highlights:

Q3 total reported revenues were $9,823 million. Revenues decreased 8% ex-FX compared to the prior year quarter, on a pro forma combined basis.
Net loss available to Warner Bros. Discovery, Inc. was $(2,308) million, and included $1,924 million of pre-tax amortization from acquisition-related intangible assets and $1,521 million of pre-tax restructuring and other charges.
Total reported Adjusted EBITDA was $2,424 million. Adjusted EBITDA decreased 8% ex-FX compared to the prior year quarter, on a pro forma combined basis.
Cash provided by operating activities decreased to $124 million and reported free cash flow decreased to $(192) million.
Ended Q3 with $2.5 billion of cash on hand, $50.4 billion of gross debt, and 5.1x net leverage.
Ended Q3 with 94.9 million global DTC subscribers, an increase of 2.8 million versus 92.1 million subscribers at the end of Q2.
In Q3, Warner Bros. Discovery was the #1 TV portfolio in total time spent by viewers in the U.S.
WARNER BROS. DISCOVERY REPORTS THIRD-QUARTER 2022 RESULTS

About Warner Bros. Discovery:

[mwheeler]

Adam this was a great stream hearing David Z, answering questions about the future business of WBD and stating that he is about making changes to make WBD bigger & better and clearing telling everybody the shows he canceled was not helping or productive for WBD! 👏🏼💯💪🏼 David is Outstanding!!!

[AdamPostSpeaks]

this vdeio is almost all David Zaslav and his team talking about the company, there's approximately 30 minutes of interjected commentary from me to assist in explanations and give my take on what they are telling us.

[shemgordon]

David Zaslav is The Vince McMahon of Warner Bros. Discovery

[DarthBobCat]

I really do like Zazlav's attitude. Next paycheck, I might just pick up a few shares; at 11-12 bucks a share, if/when it goes back up to the price at the time of the merger, that's some good money!

[johnnysokko]

Thank you so much for covering the earnings call with your commentary.

[kentobias]

It’s only been 6 Months since the Merger Warner Bros -Discovery and people have little patients in waiting quick results 😮

I’m willing to wait 2years for Cost Synergy to be completed by Warner Bros + Discovery 💡

[JerichoLeon]

Zaslav evokes such a commanding presence, who wouldn't be inspired just being in the same room! Such an enlightening video; thanks Adam! Even the audio feedback makes it sound like you're listening to a transmission in the Fortress of Solitude from the old Christopher Reeves movies.

[Spartanbot]

Thank you for the breakdown. Half of the corporate speak would have gone over my head if i had tried to listen to this on my own. Also thank goodness at least one ofbthe Big 2 comic companies seems to be pulling its head out of its ass. I love and will continue to support indie authors but the thought we may get a comic run that will actually be worth reading and buying is enheartening.

[tomchandler]

Thank you adam . If zaslov wasn’t there today is the day which Walter Hamada 😂was going to erase superman n batman and replace them with supergirla and batgirl in dcu 😂

[thepatrickjrart]

I hope their talking to Casey Bloys about the Cinemax situation, it doesn't make sense as to why Warner Media had it dormant like that because it was very distinct from big brother HBO. It's a mystery.

[righteousgreek]

Keep on making content focusing on Warner I love the attention to their plans being open to the public

[knowledgeseeker]

How do you have enough energy for all these videos especially the long ones?

[GarrettGoodenough]

John Malone knows this business inside out. Fun fact he was nearly going to start his career at Warner.

[maxjames]

I have been looking into WBD for a while now but haven't pulled the trigger yet. At 10$ a share now it is cheap if they manage to get their fcf up like analysts expect but the reason im not sure whether to buy or not is the extreme amount of money that is poured into this industry by all big players. For every dollar these companies spend on movies and series production like 50 cents makes it back.. Its insane how spoiled we got with the last decade. Not too long ago we would pay 20$ for a one DVD and easily buy a couple DVDs every month as a family. Now many people think 10$ for unlimited movies and series is too much.. so they freeload with 3 households on one netflix account. Great video and commentary tho btw!

[stevecash]

Really appreciate the time your putting in to explain wbd actions keep it up brother and hopefully we can get Zack back for JL2&3

[neocloudmarts]

I like this new Warner ownership, they recognise that consumers taste and opinion is important. I remember fans begging for a young justice return and being ignored upto a point. Unfortunately by the time it came back it was mixed with wokeness, such as the change in Aqua lad and other Atlantis characters

[simjones]

This is fantastic commentary Adam! Thank you for this great breakdown.

[danielrussell]

Has management addressed how the merged platform will work? If you are a Discovery + ($4.99/m) customer and aren’t interested in HBO Max, would there be an option to just subscribe to D+ at the same or similar price point? I assume the merged platform would more than double the current price. If they haven’t addressed that, what is your opinion, Adam? Thanks for the videos.

[mauricerose]

...Creatives need an Editor like a Musician needs a Producer...

[sethkaicer]

Adam and I showed Jimmy Page how to resurrect aleister crowley.