The numbers
$9.6 billion — WBD’s reported revenue for Q3, a 3% decrease compared to the prior-year quarter.
$135 million — WBD’s net income for Q3 due to the $1.6 billion pre-tax cost, which the company says is “acquisition-related amortization of intangibles, content fair value step-up, and restructuring expenses.”
$2.63 billion — WBD’s direct-to-consumer revenue, which is up 8% year-over-year.
$5.01 billion — WBD’s networks’ revenue, which is up 3% from last year. Distribution fell 7% because of a drop in domestic linear subscribers.
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