Warner Bros. Discovery GAAP EPS of -$0.51 misses by $0.10, revenue of $10.36B misses by $80M
Warner Bros. Discovery press release (NASDAQ:WBD): Q2 GAAP EPS of -$0.51  misses by $0.10.
Revenue of $10.36B (+5.4% Y/Y)  misses by $80M.
Q2 total Adjusted EBITDA was $2,149 million. Adjusted EBITDA increased 23% ex-FX compared to the prior year quarter, on a combined basis.
Repaid $1.6 billion of debt during Q2. Ended the quarter with $3.1 billion of cash on hand, $47.8 billion of gross debt, and 4.6x net leverage.
Global DTC subscribers decreased 1.8 million to 95.8 million at the end of Q2 vs. 97.6 million subscribers at the end of Q1.
Successfully launched our new DTC product, Max, in the U.S. on May 23rd .
Nominated for an industry-leading 181 primetime Emmy awards, including 127 nominations for HBO & Max - the most of any network or platform.

Outlook: Warner Bros. Discovery may provide forward-looking commentary in connection with this earnings announcement on its quarterly earnings conference call.
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