Discovery (Series C)
0.0 %
0.0 %
Yet to be announced
Company Overview
Note: Discovery Inc. (DISCK) merged with WarnerMedia in April 2022 to form Warner Bros. Discovery (WBD).
Warner Bros. Discovery is a multinational mass media and entertainment conglomerate. The company operates a portfolio of content creators, including HBO, Warner Bros., DC Comics, CNN, DC, Discovery Channel, Discovery+ and HBO Max among others.
Revenue Sources
PassBased on Warner Bros. Discovery's revenue breakdown, the company primarily generates income from content production and distribution, advertising, and distribution fees from cable, satellite, and streaming platforms. While some content may contain adult themes or violence, these do not constitute prohibited revenue sources under Islamic finance principles.
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% |
Examining the last four quarters, interest expenses represent a material portion of the company's total expenses. Interest expense ranged from $471M to $519M in three of the four quarters (excluding an anomalous quarter). These interest expenses consistently represent more than 5% of total expenses, indicating significant reliance on interest-bearing debt.
Operational Ethics
PassWarner Bros. Discovery has content distribution agreements in various global markets, including China. However, there is no clear evidence of direct material collaboration with the Chinese Communist Party. The company maintains content licensing agreements in Israel but does not appear to have significant R&D centers or production facilities there.
Comments