Warner Bros. Discovery, Inc. - Understand $wbd stock

$WBD Market Cap: $26.13 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$39.58B

TTM

Gross Margin

41.86%

TTM

Net Earnings

-$11.22B

TTM

Current Assets

$12.51B

Q3 2024

Current Liabilities

$15.70B

Q3 2024

Current Ratio

79.68%

Q3 2024

Total Assets

$106.3B

Q3 2024

Total Liabilities

$70.16B

Q3 2024

Book Value

$36.17B

Q3 2024

Cash

$3.336B

Q3 2024

P/E

-2.329

Nov 29, 2024 EST

Free Cash Flow

$5.308B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$41.32B	$33.82B	$12.19B	$10.67B	$11.14B	$10.55B	$6.873B	$6.497B	$6.394B	$6.265B	$5.535B	$4.487B	$4.168B	$3.706B	$3.458B	$3.382B	$76.00M	$80.00M	$695.0M	$631.0M	$506.0M	$539.0M
YoY Change	22.19%	177.39%	14.24%	-4.24%	5.6%	53.54%	5.79%	1.61%	2.06%	13.19%	23.36%	7.65%	12.47%	7.17%	2.25%	4350.0%	-5.0%	-88.49%	10.14%	24.7%	-6.12%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$41.32B	$33.82B	$12.19B	$10.67B	$11.14B	$10.55B	$6.873B	$6.497B	$6.394B	$6.265B	$5.535B	$4.487B	$4.168B	$3.706B	$3.458B	$3.382B	$76.00M	$80.00M	$695.0M	$631.0M	$506.0M	$539.0M
Cost Of Revenue	$24.53B	$20.39B	$4.615B	$3.812B	$3.752B	$3.935B	$2.656B	$2.432B	$2.343B	$2.124B	$1.689B	$1.218B	$1.176B	$1.013B	$1.044B	$1.002B	$60.00M	$63.00M	$446.0M	$380.0M	$301.0M	$322.0M
Gross Profit	$16.80B	$13.43B	$7.576B	$6.859B	$7.392B	$6.618B	$4.217B	$4.065B	$4.051B	$4.141B	$3.846B	$3.269B	$2.992B	$2.693B	$2.414B	$2.380B	$16.00M	$17.00M	$249.0M	$251.0M	$205.0M	$217.0M
Gross Profit Margin	40.65%	39.7%	62.14%	64.28%	66.33%	62.71%	61.36%	62.57%	63.36%	66.1%	69.49%	72.85%	71.79%	72.67%	69.81%	70.37%	21.05%	21.25%	35.83%	39.78%	40.51%	40.26%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Selling, General & Admin	$9.696B	$9.678B	$4.016B	$2.722B	$2.788B	$2.620B	$1.768B	$1.690B	$1.669B	$1.692B	$1.598B	$1.287B	$1.171B	$1.174B	$1.188B	$1.075B	$22.00M	$23.00M	$174.0M	$156.0M	$132.0M	$128.0M
YoY Change	0.19%	140.99%	47.54%	-2.37%	6.41%	48.19%	4.62%	1.26%	-1.36%	5.88%	24.16%	9.91%	-0.26%	-1.18%	10.51%	4786.36%	-4.35%	-86.78%	11.54%	18.18%	3.13%
% of Gross Profit	57.73%	72.08%	53.01%	39.69%	37.72%	39.59%	41.93%	41.57%	41.2%	40.86%	41.55%	39.37%	39.14%	43.59%	49.21%	45.17%	137.5%	135.29%	69.88%	62.15%	64.39%	58.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$7.985B	$7.193B	$1.582B	$1.359B	$1.347B	$1.398B	$330.0M	$322.0M	$330.0M	$329.0M	$276.0M	$117.0M	$119.0M	$132.0M	$864.0M	$886.0M	$67.70M	$67.90M	$76.40M	$77.60M	$70.50M	$67.30M
YoY Change	11.01%	354.68%	16.41%	0.89%	-3.65%	323.64%	2.48%	-2.42%	0.3%	19.2%	135.9%	-1.68%	-9.85%	-84.72%	-2.48%	1208.71%	-0.29%	-11.13%	-1.55%	10.07%	4.75%
% of Gross Profit	47.54%	53.58%	20.88%	19.81%	18.22%	21.12%	7.83%	7.92%	8.15%	7.94%	7.18%	3.58%	3.98%	4.9%	35.79%	37.23%	423.13%	399.41%	30.68%	30.92%	34.39%	31.01%
Operating Expenses	$9.696B	$9.678B	$4.016B	$2.722B	$2.788B	$2.620B	$1.768B	$1.690B	$1.669B	$1.692B	$1.598B	$1.287B	$1.171B	$1.174B	$1.340B	$1.255B	$25.00M	$26.00M	$251.0M	$234.0M	$203.0M	$196.0M
YoY Change	0.19%	140.99%	47.54%	-2.37%	6.41%	48.19%	4.62%	1.26%	-1.36%	5.88%	24.16%	9.91%	-0.26%	-12.39%	6.77%	4920.0%	-3.85%	-89.64%	7.26%	15.27%	3.57%
Operating Profit	-$1.548B	-$7.370B	$2.012B	$2.515B	$3.009B	$1.934B	$713.0M	$2.058B	$1.985B	$2.061B	$1.975B	$1.859B	$1.803B	$1.377B	$1.074B	$1.125B	-$9.000M	-$9.000M	-$2.000M	$17.00M	$2.000M	$21.00M
YoY Change	-79.0%	-466.3%	-20.0%	-16.42%	55.58%	171.25%	-65.35%	3.68%	-3.69%	4.35%	6.24%	3.11%	30.94%	28.21%	-4.53%	-12600.0%	0.0%	350.0%	-111.76%	750.0%	-90.48%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Interest Expense	$2.221B	$1.777B	$633.0M	$648.0M	$677.0M	$729.0M	$475.0M	$353.0M	-$425.0M	-$305.0M	-$229.0M	-$340.0M	-$244.0M	-$289.0M	-$237.0M	-$352.0M	$142.0M	$104.0M	$80.00M	$84.00M	-$35.00M	-$84.00M
YoY Change	24.99%	180.73%	-2.31%	-4.28%	-7.13%	53.47%	34.56%	-183.06%	39.34%	33.19%	-32.65%	39.34%	-15.57%	21.94%	-32.67%	-347.89%	36.54%	30.0%	-4.76%	-340.0%	-58.33%
% of Operating Profit			31.46%	25.77%	22.5%	37.69%	66.62%	17.15%	-21.41%	-14.8%	-11.59%	-18.29%	-13.53%	-20.99%	-22.07%	-31.29%				494.12%	-1750.0%	-400.0%
Other Income/Expense, Net	-$12.00M	$347.0M	$82.00M	$42.00M	-$8.000M	-$120.0M	-$110.0M	$4.000M	-$97.00M	-$9.000M	$49.00M	-$7.000M	$3.000M	-$86.00M	$2.000M	$45.00M	$8.000M	$0.00	$4.000M	$0.00	$3.000M	$5.000M
YoY Change	-103.46%	323.17%	95.24%	-625.0%	-93.33%	9.09%	-2850.0%	-104.12%	977.78%	-118.37%	-800.0%	-333.33%	-103.49%	-4400.0%	-95.56%	462.5%		-100.0%		-100.0%	-40.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Pretax Income	-$3.863B	-$8.960B	$1.433B	$1.728B	$2.294B	$1.022B	-$137.0M	$1.671B	$1.559B	$1.747B	$1.736B	$1.518B	$1.563B	$952.0M	$1.039B	$757.0M	$142.0M	$93.00M	$82.00M	$101.0M	-$34.00M	-$141.0M
YoY Change	-56.89%	-725.26%	-17.07%	-24.67%	124.46%	-845.99%	-108.2%	7.18%	-10.76%	0.63%	14.36%	-2.88%	64.18%	-8.37%	37.25%	433.1%	52.69%	13.41%	-18.81%	-397.06%	-75.89%
Income Tax	-$784.0M	-$1.663B	$236.0M	$373.0M	$81.00M	$341.0M	$176.0M	$453.0M	$511.0M	$610.0M	$659.0M	$562.0M	$427.0M	$293.0M	$469.0M	$353.0M	$56.00M	$41.00M	$49.00M	$35.00M	$20.00M	-$30.00M
% Of Pretax Income			16.47%	21.59%	3.53%	33.37%		27.11%	32.78%	34.92%	37.96%	37.02%	27.32%	30.78%	45.14%	46.63%	39.44%	44.09%	59.76%	34.65%
Net Earnings	-$3.126B	-$7.371B	$1.006B	$1.219B	$2.069B	$594.0M	-$337.0M	$1.194B	$1.034B	$1.139B	$1.075B	$943.0M	$1.132B	$653.0M	$541.0M	$317.0M	-$68.00M	-$46.00M	$33.00M	$66.00M	-$52.00M	-$129.0M
YoY Change	-57.59%	-832.7%	-17.47%	-41.08%	248.32%	-276.26%	-128.22%	15.47%	-9.22%	5.95%	14.0%	-16.7%	73.35%	20.7%	70.66%	-566.18%	47.83%	-239.39%	-50.0%	-226.92%	-59.69%
Net Earnings / Revenue	-7.57%	-21.8%	8.25%	11.42%	18.57%	5.63%	-4.9%	18.38%	16.17%	18.18%	19.42%	21.02%	27.16%	17.62%	15.64%	9.37%	-89.47%	-57.5%	4.75%	10.46%	-10.28%	-23.93%
Basic Earnings Per Share	-$1.28	-$3.82	$1.55	$1.82							$3.01	$2.51	$2.82	$1.53
Diluted Earnings Per Share	-$1.28	-$3.82	$1.515M	$1.814M	$2.910M	$863.4K	-$877.6K	$1.957M	$1.05	$1.10	$2.97	$2.48	$2.80	$1.52	$1.29	$0.98	-$0.24	-$0.16	$0.12	$0.24	-$0.19	-$0.46

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Cash & Short-Term Investments	$3.780B	$3.731B	$3.905B	$2.091B	$1.552B	$986.0M	$7.309B	$300.0M	$390.0M	$367.0M	$408.0M	$1.201B	$1.048B	$466.0M	$623.0M	$100.0M	$8.000M	$155.0M	$250.0M	$22.00M	$9.000M
YoY Change	1.31%	-4.46%	86.75%	34.73%	57.4%	-86.51%	2336.33%	-23.08%	6.27%	-10.05%	-66.03%	14.6%	124.89%	-25.2%	523.0%	1150.0%	-94.84%	-38.0%	1036.36%	144.44%
Cash & Equivalents	$3.780B	$3.731B	$3.905B	$2.091B	$1.552B	$986.0M	$7.309B	$300.0M	$390.0M	$367.0M	$408.0M	$1.201B	$1.048B	$466.0M	$623.0M	$100.0M	$8.000M	$155.0M	$250.0M	$22.00M	$9.000M
Short-Term Investments
Other Short-Term Assets	$4.391B	$3.888B	$913.0M	$1.502B	$1.032B	$625.0M	$844.0M	$707.0M	$727.0M	$691.0M	$631.0M	$399.0M	$297.0M	$273.0M	$236.0M	$229.0M	$354.0M	$16.00M	$15.00M	$26.00M	$20.00M
YoY Change	12.94%	325.85%	-39.21%	45.54%	65.12%	-25.95%	19.38%	-2.75%	5.21%	9.51%	58.15%	34.34%	8.79%	15.68%	3.06%	-35.31%	2112.5%	6.67%	-42.31%	30.0%
Inventory
Prepaid Expenses
Receivables	$6.047B	$6.380B	$2.446B	$2.537B	$2.633B	$2.620B	$1.838B	$1.495B	$1.479B	$1.433B	$1.371B	$1.130B	$1.042B	$880.0M	$812.0M	$780.0M	$10.00M	$147.0M	$135.0M	$151.0M	$103.0M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$44.00M	$116.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$14.22B	$14.00B	$7.264B	$6.130B	$5.217B	$4.231B	$9.991B	$2.502B	$2.596B	$2.491B	$2.410B	$2.730B	$2.431B	$1.735B	$1.671B	$1.109B	$372.0M	$317.0M	$400.0M	$199.0M	$131.0M
YoY Change	1.56%	92.72%	18.5%	17.5%	23.3%	-57.65%	299.32%	-3.62%	4.22%	3.36%	-11.72%	12.3%	40.12%	3.83%	50.68%	198.12%	17.35%	-20.75%	101.01%	51.91%
Property, Plant & Equipment	$5.957B	$8.490B	$1.871B	$1.781B	$1.564B	$800.0M	$597.0M	$482.0M	$488.0M	$554.0M	$514.0M	$388.0M	$379.0M	$399.0M	$409.0M	$395.0M	$5.000M	$281.0M	$256.0M	$259.0M	$258.0M
YoY Change	-29.84%	353.77%	5.05%	13.87%	95.5%	34.0%	23.86%	-1.23%	-11.91%	7.78%	32.47%	2.37%	-5.01%	-2.44%	3.54%	7800.0%	-98.22%	9.77%	-1.16%	0.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments			$543.0M	$507.0M	$568.0M	$935.0M	$335.0M	$557.0M	$567.0M	$644.0M	$1.087B	$1.095B	$807.0M	$455.0M			$3.272B	$3.181B	$3.019B	$2.946B	$2.863B
YoY Change			7.1%	-10.74%	-39.25%	179.1%	-39.86%	-1.76%	-11.96%	-40.75%	-0.73%	35.69%	77.36%				2.86%	5.37%	2.48%	2.9%
Other Assets	$8.099B	$5.440B	$1.688B	$1.520B	$1.540B	$835.0M	$576.0M	$490.0M	$289.0M	$101.0M	$179.0M	$152.0M	$132.0M	$146.0M	$589.0M	$210.0M	$434.0M	$11.00M	$10.00M	$26.00M	$8.000M
YoY Change	48.88%	222.27%	11.05%	-1.3%	84.43%	44.97%	17.55%	69.55%	186.14%	-43.58%	17.76%	15.15%	-9.59%	-75.21%	180.48%	-51.61%	3845.45%	10.0%	-61.54%	225.0%
Total Long-Term Assets	$108.5B	$120.0B	$27.16B	$27.96B	$28.52B	$28.32B	$12.56B	$13.17B	$13.27B	$13.48B	$12.57B	$10.20B	$9.482B	$9.284B	$9.281B	$9.375B	$5.494B	$5.554B	$5.419B	$5.366B	$5.266B
YoY Change	-9.55%	341.78%	-2.84%	-1.97%	0.7%	125.4%	-4.6%	-0.74%	-1.57%	7.24%	23.23%	7.57%	2.13%	0.03%	-1.0%	70.64%	-1.08%	2.49%	0.99%	1.9%
Total Assets	$122.8B	$134.0B	$34.43B	$34.09B	$33.74B	$32.55B	$22.56B	$15.67B	$15.86B	$15.97B	$14.98B	$12.93B	$11.91B	$11.02B	$10.95B	$10.48B	$5.866B	$5.871B	$5.819B	$5.565B	$5.397B
YoY Change
Accounts Payable	$1.260B	$1.454B	$412.0M	$397.0M	$463.0M	$325.0M	$277.0M	$241.0M	$282.0M	$225.0M	$141.0M	$71.00M	$53.00M	$87.00M	$63.00M	$71.00M	$1.000M	$44.00M	$27.00M	$34.00M	$12.00M
YoY Change	-13.34%	252.91%	3.78%	-14.25%	42.46%	17.33%	14.94%	-14.54%	25.33%	59.57%	98.59%	33.96%	-39.08%	38.1%	-11.27%	7000.0%	-97.73%	62.96%	-20.59%	183.33%
Accrued Expenses	$10.37B	$11.42B	$2.172B	$1.736B	$1.606B	$1.604B	$1.264B	$1.041B	$958.0M	$974.0M	$921.0M	$662.0M	$444.0M	$364.0M	$383.0M	$350.0M	$5.000M	$62.00M	$49.00M	$53.00M	$35.00M
YoY Change	-9.23%	425.87%	25.12%	8.09%	0.12%	26.9%	21.42%	8.66%	-1.64%	5.75%	39.12%	49.1%	21.98%	-4.96%	9.43%	6900.0%	-91.94%	26.53%	-7.55%	51.43%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.780B	$447.0M	$397.0M	$392.0M	$656.0M	$1.819B	$30.00M	$82.00M	$119.0M	$1.107B	$17.00M	$31.00M	$26.00M	$20.00M	$38.00M	$458.0M	$0.00
YoY Change	298.21%	12.59%	1.28%	-40.24%	-63.94%	5963.33%	-63.41%	-31.09%	-89.25%	6411.76%	-45.16%	19.23%	30.0%	-47.37%	-91.7%
Total Short-Term Liabilities	$15.33B	$15.02B	$3.459B	$3.082B	$3.239B	$3.997B	$1.871B	$1.561B	$1.579B	$2.604B	$1.294B	$946.0M	$746.0M	$785.0M	$783.0M	$1.070B	$120.0M	$122.0M	$94.00M	$109.0M	$61.00M
YoY Change	2.1%	334.14%	12.23%	-4.85%	-18.96%	113.63%	19.86%	-1.14%	-39.36%	101.24%	36.79%	26.81%	-4.97%	0.26%	-26.82%	791.67%	-1.64%	29.79%	-13.76%	78.69%
Long-Term Debt	$41.89B	$48.82B	$14.62B	$15.25B	$15.01B	$14.97B	$14.76B	$7.841B	$7.616B	$6.002B	$6.482B	$5.212B	$4.219B	$3.598B	$3.457B	$3.331B	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-14.2%	233.99%	-4.17%	1.6%	0.26%	1.48%	88.18%	2.95%	26.89%	-7.41%	24.37%	23.54%	17.26%	4.08%	3.78%
Other Long-Term Liabilities	$10.33B	$10.48B	$1.730B	$1.835B	$1.826B	$1.251B	$587.0M	$393.0M	$421.0M	$425.0M	$333.0M	$207.0M	$92.00M	$99.00M	$175.0M	$227.0M	$24.00M	$25.00M	$22.00M	$25.00M	$23.00M
YoY Change	-1.48%	505.95%	-5.72%	0.49%	45.96%	113.12%	49.36%	-6.65%	-0.94%	27.63%	60.87%	125.0%	-7.07%	-43.43%	-22.91%	845.83%	-4.0%	13.64%	-12.0%	8.7%
Total Long-Term Liabilities	$52.22B	$59.30B	$16.35B	$17.09B	$16.84B	$16.23B	$15.34B	$8.234B	$8.037B	$6.427B	$6.815B	$5.419B	$4.311B	$3.697B	$3.632B	$3.558B	$24.00M	$25.00M	$22.00M	$25.00M	$23.00M
YoY Change	-11.95%	262.78%	-4.34%	1.48%	3.78%	5.76%	86.32%	2.45%	25.05%	-5.69%	25.76%	25.7%	16.61%	1.79%	2.08%	14725.0%	-4.0%	13.64%	-12.0%	8.7%
Total Liabilities	$77.53B	$86.91B	$22.83B	$23.62B	$23.84B	$24.16B	$17.95B	$10.51B	$10.41B	$10.37B	$8.783B	$6.639B	$5.396B	$4.794B	$4.755B	$4.948B	$1.371B	$1.322B	$1.244B	$1.218B	$1.136B
YoY Change	-10.79%	280.7%	-3.37%	-0.93%	-1.32%	34.66%	70.82%	0.88%	0.43%	18.05%	32.29%	23.04%	12.56%	0.82%	-3.9%	260.9%	3.71%	6.27%	2.13%	7.22%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2013	2012	2011	2010
Basic Shares Outstanding	2.436B shares	1.940B shares	588.0M shares	599.0M shares	357.0M shares	376.0M shares	401.0M shares	425.0M shares
Diluted Shares Outstanding	2.436B shares	1.940B shares	664.0M shares	672.0M shares	361.0M shares	380.0M shares	405.0M shares	429.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $26.126 Billion

About Warner Bros. Discovery, Inc.

Warner Bros.Discovery, Inc. is a premier global media and entertainment company, which engages in the provision of a differentiated portfolio of content, brands, and franchises across television, film, streaming, and gaming. The company is headquartered in New York City, New York and currently employs 35,300 full-time employees. The company went IPO on 2005-07-06. Discovery, Inc. is a global media and entertainment company. The firm operates through three segments: Studios, Networks, and DTC. The Studios segment consists of the production and release of feature films for initial exhibition in theaters, production, and initial licensing of television programs to its networks/DTC services as well as third parties, distribution of its films and television programs to various third party and internal television and streaming services, distribution through the home entertainment market (physical and digital), related consumer products and themed experience licensing, and interactive gaming. The Networks segment primarily consists of its domestic and international television networks. The DTC segment primarily consists of its premium pay-TV and streaming services. The firm's brands and franchises include Warner Bros. Motion Picture Group, DC, HBO, HBO Max, discovery+, CNN, TLC, OWN, Warner Bros., and Discovery Channel, among others.

Industry: Cable & Other Pay Television Services Peers: NETFLIX INC AMC ENTERTAINMENT HOLDINGS, INC. Live Nation Entertainment, Inc. Endeavor Group Holdings, Inc. Madison Square Garden Sports Corp. ROKU, INC Walt Disney Co Warner Music Group Corp. WORLD WRESTLING ENTERTAINMENT, LLC