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WARNER MEDIA, LLC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2018 10-Q, filed Apr 26, 2018. Its latest SEC filing is a 4 from Oct 23, 2020.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Produces and distributes television programming, films and digital video content for viewers, television distributors and advertisers.

How Did They Make Money?

The company earns subscription and advertising revenue and licenses its content. Some affiliates pay annual minimum fees under multi-year agreements while the company delivers content over the contract term.

FY2017 revenue

Who Were Their Customers?

Turner distributes programming through affiliates to their subscribers and offers it through online services; it also sells advertising to advertisers on its networks and digital properties.

Did Revenues Turn Into Profits?

Yes. It kept 17 cents of every revenue dollar as net income in FY2017.

Operating income, FY2017
25% of revenue
▲ +5% vs FY2016 ($7.5B, 26%)
Net income, FY2017
17% of revenue
▲ +34% vs FY2016 ($3.9B, 13%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q1 FY2018, the three months to Mar 31, 2018
Revenue
▲ +3%
vs $7.7B in Q1 FY2017
Net income
▲ +15%
vs $1.4B in Q1 FY2017
  • Jun 18, 2018 AT&T completed its merger with Time Warner Time Warner became a wholly owned subsidiary of AT&T, and the company requested delisting of its shares.

Grew. Revenue grew 18% in 4 years, from $26.5B in FY2013 to $31.3B in FY2017, about 4% a year.

Branded streaming services Turner’s earlier report said some programming was available through SVOD services; the latest report describes its own Boomerang subscription service and a planned sports service.

Home Box Office online offerings The earlier segment description covered premium and basic-tier television services; the latest one also includes online video services for domestic and international customers.

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