Warner Bros. Discovery, Inc. (WBD) Wells Fargo’s eighth Annual TMT Summit Convention (Transcript)

Warner Bros. Discovery, Inc. (NASDAQ:WBD) Wells Fargo’s eighth Annual TMT Summit Convention Transcript December 3, 2024 5:15 PM ET

Firm Members

JB Perrette – CEO, President, World Streaming and Video games

Convention Name Members

Unidentified Analyst

This can be a TMT Convention.

JB Perrette

Yeah.

Unidentified Analyst

The microphone know-how is new and revolutionary. Thanks for becoming a member of us, all people, for our subsequent fireplace. We’ve obtained JB from Warner Bros. Discovery. We’re going to speak about Max and a whole lot of the modifications in development over the previous couple of years. So thanks. Thanks for becoming a member of us.

JB Perrette

Glad to be right here.

Query-and-Reply Session

Q – Unidentified Analyst

On the earnings name, I feel, I wrote your quote down, it’s a fabric inflection level this quarter. And I feel you’re referring to Max simply actually having a extra sustainable revenue trajectory, a extra sustainable income development trajectory from a 12 months in the past quite a bit has modified. I need to speak quite a bit about the way forward for Max as we speak. However perhaps earlier than we do this, when you might look again just a little bit, it’s been two and a half years, I feel, now for the reason that closing of the merger. You’ve been fairly busy over that timeframe. So perhaps simply speak about a number of the greatest issues which have needed to occur to get to the place we’re as we speak after which we’ll speak concerning the future.

JB Perrette

Yeah. I imply, look, a part of the rationale why we see it as such an inflection level is once we closed in April of 2022, in that summer time of August of 2022, we made our first public commentary round sort of the ambition and our beliefs on development for the mixed enterprise from a streaming perspective.

And we — one of many massive issues we mentioned then, which