The newly formed Warner Bros. Discovery will announce its first set of financial results next week.
The company – created out of the US$43 billion merger of WarnerMedia and Discovery which was completed earlier this month – has said that it will report its first-quarter 2022 results on Tuesday, April 26, 2022.
The results will cover the period from January 1-March 31 for Discovery, and will not include first-quarter performance for the WarnerMedia business, which was acquired on April 8.
The company will also host its first investors call following the release, where CEO David Zaslav and co will provide more information on its strategy moving forward. On that call it is likely that the company will provide more details on the previously announced plans to merge SVOD streamers HBO Max and discovery+ under the watch of streaming head JB Perrette.
It is possible that the company will also shed light on the reported restructure of superhero sub-brand DC Entertainment, with Variety last week reporting that the company is considering making it into its own solidified content vertical, similar to how Disney operates Marvel Studios.
Prior to the merger’s closing, there were a series of dramatic personnel changes at WarnerMedia including the departures of CEO Jason Kilar, studios chief Ann Sarnoff and HBO Max boss Andy Forssell.