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Warner Bros. Discovery, Inc. (NASDAQ:WBD) Q2 2023 Earnings Conference Call August 3, 2023 8:00 AM ET Company Participants Andrew Slabin - Investor Relations David Zaslav - President & Chief Executive Officer Gunnar Wiedenfels - Chief Financial Officer Jean-Briac Perrette - Chief Executive Officer & President of Global Streaming and Games Conference Call Participants Vijay Jayant - Evercore ISI Kannan Venkateshwar - Barclays Brett Feldman - Goldman Sachs John Hodulik - UBS Jessica Reif - Bank of America Sec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 230 Park Avenue South 10003 New York, New York (Zip Code) (Address of principal executive offices) (I.R.S. Employer Identification No.) (212) 548-5555 (Registrant's telephone number, including area cod ...

Summary of Warner Bros Discovery, Inc. Conference Call Company Overview - **Company**: Warner Bros Discovery, Inc. (NASDAQ: WBD) - **Event**: 51st Annual J.P. Morgan Global Technology, Media and Communications Conference Call - **Date**: May 24, 2023 Key Points Launch of Max - The launch of the new streaming service Max was a significant milestone for the company, combining the offerings of WarnerMedia and Discovery [2][3] - Initial subscriber engagement exceeded expectations, with technical metrics showing improvement over the previous product [3][4] - The company aims to leverage the combined content portfolio to enhance viewer engagement and reduce churn [4][17] Financial Guidance and Performance - Warner Bros Discovery provided financial guidance for the year, projecting EBITDA between $11 billion and $11.5 billion, with a free cash flow conversion of 33% to 50% [10][11] - The first quarter marked a return to profit growth, with expectations for continued free cash flow growth [11][12] - The advertising market is showing gradual improvement, with optimism for future growth [12][18] Content Strategy and Viewer Engagement - The company is focused on improving viewer engagement through better content discovery and recommendation systems [6][36] - The integration of HBO Max and discovery+ is expected to enhance daily engagement and reduce churn rates [36][61] - The pricing strategy for streaming services is under review, with potential for upward adjustments to reflect the value of content [39][40] Theatrical Releases and Future Films - The theatrical market is recovering, with Warner Bros Discovery committed to a flexible theatrical window strategy [66][69] - Upcoming films like "The Flash" and "Barbie" are anticipated to perform well, contributing to the company's growth [75][76] Gaming and Interactive Content - The success of "Hogwarts Legacy" reinforces the company's strategy to monetize its IP across multiple platforms, including gaming [78][79] - Future gaming releases, including "Mortal Kombat," are expected to further capitalize on the company's strong IP portfolio [81] Challenges and Market Dynamics - The linear television business is expected to decline gradually, but the company is managing costs effectively to maintain free cash flow [20][22] - The competitive landscape in streaming is evolving, with discussions around potential consolidation in the industry [56][54] International Expansion - Warner Bros Discovery plans to expand the Max product internationally, with launches in Latin America and EMEA markets scheduled for 2024 [31][34] Advertising Opportunities - The company sees significant potential for advertising growth on both D2C and linear platforms, with a focus on data-driven advertising strategies [44][50] Conclusion - Warner Bros Discovery is strategically positioned to leverage its combined content offerings, improve viewer engagement, and capitalize on growth opportunities in both streaming and gaming sectors while navigating the challenges of the evolving media landscape [60][81]

Warner Bros Discovery, Inc. (NASDAQ:WBD) SVB MoffettNathanson's Inaugural Technology, Media and Telecom Conference Call May 18, 2023 9:00 AM ET Company Participants David Zaslav - President, CEO & Director Conference Call Participants Michael Nathanson - MoffettNathanson Robert Fishman - MoffettNathanson Robert Fishman We are very happy to be here again, kick off the day for us. We got Mr. David Zaslav, Warner Bros. Discovery. Thank you for being here. David Zaslav It's great to be here. Good to see you guy ...

1st Quarter 2023 Earnings Presentation May 5, 2023 | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) Q1 2023 Earnings Conference Call May 5, 2023 8:00 AM ET Company Participants Andrew Slabin - Investor Relations David Zaslav - President and Chief Executive Officer Gunnar Wiedenfels - Chief Financial Officer JB Perrette - Chief Executive Officer and President, Global Streaming and Games Conference Call Participants Doug Mitchelson - Credit Suisse Robert Fishman - MoffettNathanson Steven Cahall - Wells Fargo Peter Supino - Wolfe Research Bryan Kraft - Deutsche Bank ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34177 Warner Bros. Discovery, Inc. (Exact name of registrant as specified in its charter) Delaware 35-2333914 (State or other jurisdiction of ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) Morgan Stanley Technology, Media & Telecom Conference March 8, 2023 1:25 PM ET Company Participants Gunnar Wiedenfels - CFO Conference Call Participants Benjamin Swinburne - Morgan Stanley Benjamin Swinburne Okay. For important disclosures, please see the Morgan Stanley Research Disclosure website at morganstanley.com. [Operator Instructions] If you have any questions, please reach out to your Morgan Stanley sales representative And I'm really excited to welcome to ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET Company Participants Andrew Slabin - Executive Vice President, Global Investor Strategy David Zaslav - President and Chief Executive Officer Gunnar Wiedenfels - Chief Financial Officer Jean-Briac Perrette - Chief Executive Officer and President, Global Streaming and Interactive Conference Call Participants Jessica Reif Ehrlich - Bank of America Michael Morris - Guggenheim Brett Feldman - Goldman Sachs B ...