Item 2.02 Results of Operations and Financial Condition

Earnings Press Release

On August 4, 2022 Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company"), released its earnings for the quarter ended June 30, 2022. A copy of Warner Bros. Discovery's press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

Trending Schedules

On April 8, 2022, Warner Bros. Discovery, formerly known as Discovery, Inc. ("Discovery"), completed the previously announced combination (the "Merger") of Discovery and the WarnerMedia business (the "WarnerMedia Business") of AT&T Inc. In connection with the completion of the Merger, the Company reevaluated and changed its reportable segments during the quarter ended June 30, 2022.

The Company's Quarterly Report on Form 10-Q for the period ended June 30, 2022, which is expected to be filed with the SEC on or about August 4, 2022, will be its first periodic report to reflect the Merger and change in reportable segments. To assist investors in assessing the Company's historical performance on a basis that reflects the completion of the Merger and change in reportable segments, the Company has furnished herewith as Exhibit 99.2, and incorporated by reference herein, trending schedules which summarize certain unaudited supplemental financial information, including unaudited pro forma combined financial information reflecting the combined results of the Company and the WarnerMedia Business for the periods reflected therein.

The information in this Item 2.02, including Exhibits 99.1 and 99.2 attached hereto, is being furnished pursuant to Item 2.02 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 8.01. Other Events.

In connection with the completion of the Merger, the Company is providing the unaudited combined financial statements and related notes of the WarnerMedia Business as of March 31, 2022 and December 31, 2021 and for the three months ended March 31, 2022 and March 31, 2021, which are attached to this Current Report on Form 8-K as Exhibit 99.3 and are incorporated herein by reference.

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Item 9.01. Financial Statements and Exhibits




99.1       Press Release dated August 4, 2022
99.2       Trending Schedules and Non-GAAP Reconciliations through Q2 2022
           Unaudited Combined Financial Statements and Related Notes of the WarnerMedia
99.3     Business as of March 31, 2022 and December 31, 2021 and for the Three Months Ended
         March 31, 2022 and March 31, 2021.
         Inline XBRL Instance Document - the instance document does not appear in the
101      Interactive Date File because its XBRL tags are embedded within the Inline XBRL
         document
104      Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit
         101)

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