WBD · 10-Q · 2026Q2 · Full report

Remaining Performance Obligations

Warner Bros. Discovery, Inc. · 2026-08-06 · Importance 64 · Surprise 42 · No source text

Warner Bros. Discovery reported $13,058 million of remaining performance obligations as of June 30, 2026. The balance included $2,657 million of distribution contracts with fixed prices or minimum guarantees through 2030, $4,714 million of content licensing and sports sublicensing contracts through 2032, and $4,688 million of brand licensing contracts through 2062. These contracted obligations provide visibility across distribution, content licensing, sports, and brand licensing channels.

Key facts

• Remaining performance obligations by contract type at June 30, 2026: Distribution - fixed price or minimum guarantee $2,657 million through 2030; Content licensing and sports sublicensing $4,714 million through 2032; Brand licensing $4,688 million through 2062; Total $13,058 million. source
• Revenues of $1,135 million were recognized in the six months ended June 30, 2026 that were included in deferred revenues as of December 31, 2025. source
• Contract liabilities - deferred revenues at June 30, 2026: $1,514 million (December 31, 2025: $1,642 million). source
• The value of unsatisfied performance obligations disclosed does not include contracts with original expected length of one year or less such as most advertising contracts, except content licensing where all contracts are included regardless of duration. source

Impact estimates