Warner Bros. Discovery GAAP EPS of -$0.44 misses by $0.23, revenue of $10.7B misses by $70M
Warner Bros. Discovery press release  (NASDAQ:WBD): Q1  GAAP EPS of -$0.44  misses by $0.23.
Net loss available to Warner Bros. Discovery, Inc. was $(1,069) million, and included $1,810 million of pre-tax amortization from acquisition-related intangible assets and $95 million of pre-tax restructuring expenses.
Revenue of $10.7B (+238.6% Y/Y)  misses by $70M.
Ended Q1 with $2.6 billion of cash on hand, $49.5 billion of gross debt, and 5.0x net leverage. Global DTC subscribers increased 1.6 million to 97.6 million at the end of Q1 vs. 96.1 million subscribers at the end of Q4.