2022 U.S.-Booked Air Volume: $60M

Consolidated U.S. TMC: Amex GBT

Warner Bros. Discovery was created in April 2022 from a merger of WarnerMedia and Discovery. BTN estimates aggregated pre- and post-merger U.S.-booked air volume in 2022 of the two entities amounted to $60 million, up from an estimated $33.5 million in 2021.

Warner Bros. Discovery ended 2022 with $49.5 billion of gross debt and a loss for the final three months of the year of $2.1 billion. Total financial restructuring costs resulting from the merger were estimated at $4.1 billion to $5.3 billion. The new company has pledged to find $5 billion in “synergies,” including a substantial reduction in headcount. 

In 2023, Warner Bros. Discovery reported a net loss for April to June of $1.24 billion, down $3.4 billion year-on-year. Revenue was down 4 percent on a pro forma basis. In September, the company announced that continuing strikes by writers and actors would deplete earnings for 2023 by an estimated $300 million to $500 million.

As of September 2023, Warner Bros. Discovery had not announced an emission reduction strategy or issued a sustainability report.