Discovery (Series A)
10.97 %
9.49 %
Yet to be announced
Company Overview
Warner Bros. Discovery (formerly traded as DISCA) is a multinational mass media and entertainment conglomerate formed from the merger of Discovery, Inc. and WarnerMedia in 2022. The company operates a portfolio of content creators and entertainment brands including HBO, CNN, DC Comics, Discovery Channel, Food Network, HGTV, Investigation Discovery, TLC, TNT, and Warner Bros. Pictures.
The company primarily generates revenue through content production and distribution, cable network programming, direct-to-consumer streaming services (including HBO Max and Discovery+), and licensing of intellectual property.
Revenue Sources
PassBased on the company's financial statements and SEC filings, Warner Bros. Discovery's revenue comes primarily from content production, distribution, and advertising. While some content may contain elements that could be considered inappropriate from an Islamic perspective, these do not constitute the core business model and represent an incidental portion of overall revenue.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Dec. 31, 2024 | $10.03b | $10.29b | - | $423.0m | 0.00% | 4.11% |
| Sept. 30, 2024 | $9.62b | $9.81b | - | $471.0m | 0.00% | 4.80% |
| June 30, 2024 | $9.71b | $19.9b | - | $-24,000,000.0 | 0.00% | 0.12% |
| March 31, 2024 | $9.96b | $10.74b | - | $515.0m | 0.00% | 4.80% |
Analyzing the last four quarters of financial data, the company's interest expense to total expense ratios have consistently remained below the 5% threshold for interest materiality. The interest expense appears to be related to normal business operations and financing activities rather than interest-based revenue generation.
Operational Ethics
PassAfter reviewing available public information, SEC filings, and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. While the company distributes content globally, including in China, there is no clear evidence of material ongoing relationships with the Chinese Communist Party or the state of Israel that would raise concerns.
Comments