Warner Bros. Discovery Inc., formed in 2022 through the merger of WarnerMedia and Discovery, is a global media company offering diverse content across film, television, and digital platforms. It generates revenue through content production, licensing, advertising, and subscription streaming services such as HBO Max and Discovery+. Under the leadership of CEO David Zaslav, the company leverages renowned brands like HBO, Warner Bros. Pictures, CNN, and Discovery Channel to maintain a competitive edge. Its forward-looking strategy focuses on expanding international streaming services, optimizing operations, and investing in original, high-quality content.
The Company had one customer that represented more than 10% of content revenue in 2025, which totaled 12%; one customer accounted for 10% of trade receivables as of December 31, 2025, and no individual customer accounted for more than 10% of trade receivables as of December 31, 2024.