Warner Bros. Discovery, Inc. (NASDAQ:WBD) Q3 2023 Earnings Conference Call November 8, 2023 8:00 AM ET

Company Participants

Andrew Slabin - Investor Relations

David Zaslav - President and Chief Executive Officer

Gunnar Wiedenfels - Chief Financial Officer

Jean-Briac Perrette - Chief Executive Officer and President of Global Streaming and Games

Conference Call Participants

Steven Cahill - Wells Fargo

Jessica Reif Ehrlich - Bank of America

Robert Fishman - MoffettNathanson

Rich Greenfield - LightShed Ventures

Benjamin Swinburne - Morgan Stanley

Brett Feldman - Goldman Sachs

Operator

Ladies and gentlemen, welcome to the Warner Bros. Discovery Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation there will be a question-and-answer session. Additionally, please be advised that today's conference call is being recorded.

I would now like to hand the conference over to Mr. Andrew Slabin, Executive Vice President, Global Investor Strategy. Sir, you may begin.

Andrew Slabin

Good morning and welcome to Warner Bros. Discovery's Q3 earnings call. With me today is David Zaslav, President and CEO; Gunnar Wiedenfels, our CFO; and JB Perrette, CEO and President, Global Streaming and Games.

Before we start, I'd like to remind you that today's conference call will include forward-looking statements that we make pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements include comments regarding the company's future business plans, prospects and financial performance. These statements are made based on management's current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from our expectations. In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them.

For additional information on important factors that could affect these expectations, please see the company's filings with the U.S. Securities and Exchange Commission, including but not limited to the company's most recent annual report on Form 10-K and its reports on Form 10-Q and Form 8-K. A copy of our Q3 earnings release, trending schedule and accompanying slide deck will be available on our website at ir.wbd.com.

And with that, I am pleased to turn the call over to David.

David Zaslav

Hello, everyone and thank you for joining us. Let me start by saying that we are hopeful we will reach a resolution to the SAG-AFTRA strike soon. We made a last and final offer which meant virtually all of the Union's goals and includes the highest wage increase in 40 years and believe it provides for a positive outcome for all involved. We recognize that we need our creative partners to feel valued and rewarded, and look forward to both sides getting back to the business of telling great stories.