Media and leisure firm Warner Bros. Discovery (NASDAQ: WBD) on Thursday reported monetary outcomes for the fourth quarter of 2024.
- Fourth-quarter income decreased 2% year-over-year to $10.0 billion
- On an ex-FX foundation, This autumn income declined 1% throughout the three months
- Studios revenues elevated 15% to $3.66 billion, whereas community phase income decreased 5% to $4.77 billion
- At $2.65 billion, direct-to-customer income was up 5% year-over-year
- The corporate reported a internet lack of $494 million for the December quarter, vs. a lack of $400 million in This autumn 2023
- Complete adjusted EBITDA got here in at $2.72 billion throughout the three months, which is up 10% year-over-year
- Money offered by working actions was $2.72 billion in This autumn; free money stream totaled $2.43 billion
- The corporate repaid/repurchased $0.5 billion of debt throughout This autumn, ending the quarter with $5.4 billion of money readily available
