Warner Bros. Discovery (WBD) 3 Aug 232023 Q2 Earnings call transcript

Ladies and gentlemen, welcome to the Warner Bros. Discovery Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Additionally, please be advised that today's conference call is being recorded.

I would now like to hand the conference over to Mr. Andrew Slabin, Executive Vice President, Global Investor Strategy. begin. now may you Sir,

and Good morning call. and Discovery's earnings Perrette, Warner Gunnar and welcome me today to CEO JB With and President our Bros. Global is Streaming Wiedenfels, Games. QX CFO; and President, David CEO; Zaslav,

start, These harbor remind other you regarding I'd Act Private current materially and Litigation differ are about statements, any disclaims provisions will of forward-looking conference that cause performance. pursuant obligation involve statements make and of to business that events plans, to and financial future forward-looking company's made results Reform from comments statements based the the the update forward-looking company we our could like management's future them. statements or that actual knowledge XXXX. to we intent on expectations. today's risks call and Before In include the include The to uncertainties and safe is prospects projections assumptions providing

reports important affect not XX-K X-K. copy limited trending For the and recent Exchange ir.wbd.com. but including information our company's these Commission, XX-Q U.S. the Securities that company's with the on see on annual to and most A be filings release, additional slide on schedule please and our expectations, factors QX Form earnings deck accompanying at website Form of and will its on Form report available could

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like questions. I'd turn take the With operator call that, to back your and the to

of ISI. Vijay with line [Operator from Instructions] Jayant question first comes Your the Evercore

Maral and for is the Kulgan One one on M&A synergies. on Vijay. on This

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question Kannan Barclays. with Venkateshwar next of comes line Your from the

guidance I Maybe the one impressive for obviously on quarter QX. cash well flow are the very numbers free question the for as mean cash as flow.

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Sure.

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question next Your Sachs. Goldman Feldman Brett comes the from with line of

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then maybe let Okay. start Well, me and to JB. pass

think I for advertisers this. that see out, on in the prioritizing the minute time advertising the a access opportunity. in in we're platform first haven't as I for ago, that going XX% landscape. massive of out laid some quarter shows is advertising I started environment. fairness, And a our As you mean have the and platform market And laid really growing that do we is ever, in I challenging are best a the to entire DXC to

a be the And many we're technology place offering or going then we in since and ad-light opening priority, that know cases, it's ARPUs higher growth the generate especially up. We've can on platform the subscribers we to on in got that, [ph]. definitely

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the from Your John of comes UBS. next Hodulik question line with

reports suggest ESPN going that is press go direct XXXX. Recent Great. to in

landscape? TNT and in that with as date for method you your mean, update Max TV change you see you I offering? the bundled folded streaming separate you sort what in of a see just it's I the could that. think Max being or talked of Whether do that potential the a potentially time meaningful portfolio, David, offering the mean, offering? your sort of timing of with of it timing current about offering? in a sports of do, sort foresee I sort we news adding own a be I the to then you do to Or it's relates And could it any sports the sort as the have mean first on of Europe.

Thanks, John.

we're First, and when domestically sports taken a it whole, money our good. comes rights to globally, as

in -- are U.S. So with the -- that we world have that good provide and us. the here deals around real to value

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Thank as This as joining. conference concludes today's all you session the well call. question-and-answer for

your now lines. You disconnect may