Warner Bros. Discovery, Inc. (WBD) Presents At Bank Of America 2025 Media, Communications & Entertainment Conference Transcript

Group 1 - The company plans to split into Warner Bros. and Discovery Global, with the split expected to be completed by Q2 of next year [1][2] - The separation process is on track, with significant value creation opportunities identified [3] - The company has successfully reduced its net debt to approximately $30 billion since the merger [3] Group 2 - The restructuring and transformation efforts have been ongoing for three years since the merger [1] - There is positive momentum in business fundamentals and financial performance as the separation approaches [2] - The timing of the split is considered optimal following extensive deleveraging efforts [3]