Risk factors
Warner Bros. Discovery (WBD) risk factors
Item 1A of every Warner Bros. Discovery, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors34 risks9 new3 dropped14 reworded
The PSKY Merger dominates new disclosure, creating completion, failure, operating uncertainty, employee and reputational risks.
Filed Feb 27, 2026 - FY2024 10-K risk factors29 risks
Streaming competition, audience fragmentation, and declining traditional television viewing dominate WBD’s operating risks.
Filed Feb 27, 2025