Warner Bros Discovery reported Q3 2024 revenues of $9.6 billion, down 3% year-over-year, while net income reached $135 million. Total Adjusted EBITDA decreased 18% to $2.4 billion. The company generated $847 million in operating cash flow and $632 million in free cash flow.The Direct-to-Consumer segment achieved its largest quarterly subscriber growth since Max's launch, adding 7.2 million subscribers to reach 110.5 million total. DTC revenues increased 9% to $2.6 billion, with Adjusted EBITDA improving to $289 million. Global DTC ARPU rose 1% to $7.84, driven by domestic ad-tier subscriber growth and higher pricing.The company continued strengthening its financial position, ending Q3 with $3.5 billion cash on hand and repaying $0.9 billion of debt. Total gross debt stood at $40.7 billion with net leverage at 4.2x. The average debt duration was 13.6 years with a 4.7% average cost.

Warner Bros Discovery reported Q3 2024 revenues of $9.6 billion, down 3% year-over-year, while net income reached $135 million. Total Adjusted EBITDA decreased 18% to $2.4 billion. The company generated $847 million in operating cash flow and $632 million in free cash flow.The Direct-to-Consumer segment achieved its largest quarterly subscriber growth since Max's launch, adding 7.2 million subscribers to reach 110.5 million total. DTC revenues increased 9% to $2.6 billion, with Adjusted EBITDA improving to $289 million. Global DTC ARPU rose 1% to $7.84, driven by domestic ad-tier subscriber growth and higher pricing.The company continued strengthening its financial position, ending Q3 with $3.5 billion cash on hand and repaying $0.9 billion of debt. Total gross debt stood at $40.7 billion with net leverage at 4.2x. The average debt duration was 13.6 years with a 4.7% average cost.