Summary
Warner Bros. Discovery, Inc. (WBD) has filed an 8-K report on April 19, 2022, primarily announcing the timing for its first-quarter 2022 earnings release. The report indicates that the company will report results for Discovery, Inc. for the period ending March 31, 2022. Crucially, these results will not include any financial performance from the recently acquired WarnerMedia business, as the acquisition officially closed on April 8, 2022, after the quarter's end. Investors should note that the upcoming earnings call on April 26, 2022, will offer a snapshot of Discovery's standalone performance prior to the significant merger. The full financial impact and combined operational results of Warner Bros. Discovery will become apparent in subsequent reporting periods. The company has provided details on how to access the earnings call webcast and a replay.
Key Highlights
- 1WBD will report Q1 2022 results on April 26, 2022, at 7:00 a.m. ET.
- 2The Q1 2022 results will only reflect Discovery, Inc.'s performance (January 1 - March 31, 2022).
- 3The acquisition of WarnerMedia closed on April 8, 2022, meaning WarnerMedia's Q1 2022 results are not included.
- 4A conference call to discuss the results will be held on April 26, 2022, at 8:00 a.m. ET.
- 5A live audio webcast and subsequent replay of the conference call will be available on the WBD Investor Relations website.
- 6Details for accessing a phone replay of the conference call have been provided.