DISCOVERY Networks Denmark ApS

Discovery Networks Denmark ApS is a subsidiary of Warner Bros. Discovery Inc. (Nasdaq: WBD). Warner Bros. Discovery is a premier global media and entertainment company with a differentiated and complete portfolio of content, brands and franchises across television, film, streaming and gaming.

TThe TV channels made available in Denmark that Discovery Networks Denmark provides services for includes the TV Channels Kanal 5, Kanal 4, 6’eren, Canal 9, Eurosport 1 and Eurosport 2, Discovery Channel and TLC broadcasted into Denmark under broadcasting licenses from other EU countries. The company’s operations include services related to purchase of programs, distribution sales, marketing and sales of advertising and sponsorship. Moreover, the Company provides a variety of support services related …

The income statement for 2025 shows a profit of DKK 66,557 thousand against a profit of DKK 26,986 thousand last year, and the balance sheet at 31 December 2025 shows equity of DKK 2,363,006 thousand.

The past year and follow-up on development expectations from last yearOver the past few years, the Danish market, alongside the rest of the Nordic region, has experienced a shift from linear viewing to digital consumption. The Company delivered a significant improvement in profitability in 2025 compared to 2024, which was expected to be in lign with the result for 2024, driven primarily by cost savings.

Looking ahead, the Danish media market is expected to continue this structural shift towards digital consumption. While the Company is positioning itself to support digital growth through continued cost discipline and operational adjustments, this transformation may impact the future revenue mix.

The Company expects the result before tax for 2026 to be in line with the level achieved in 2025.

In January 2026, Warner Bros. Discovery, Inc. (“WBD, Inc.”) entered into an amended and restated agreement and plan of merger, by and among WBD, Inc., Netflix, Inc. (“Netflix”), Nightingale Sub, Inc., a wholly owned subsidiary of Netflix, and New Topco 25, Inc., a wholly owned subsidiary of WBD, Inc. (the “Netflix Merger Agreement”), under which Netflix would have acquired the Streaming and Studios segments (subject to certain deviations) and certain other assets and liabilities, including WBD, Inc.’s film and television studios, HBO Max, and HBO, following the separation and distribution of Discovery Global to WBD, Inc.’s stockholders (the “Separation Transaction”).

Following the board of directors’ determination that it had received a “Company Superior Proposal,” as defined in the Netfli…

In January 2026, Warner Bros. Discovery, Inc. (“WBD, Inc.”) entered into an amended and restated agreement and plan of merger, by and among WBD, Inc., Netflix, Inc. (“Netflix”), Nightingale Sub, Inc., a wholly owned subsidiary of Netflix, and New Topco 25, Inc., a wholly owned subsidiary of WBD, Inc. (the “Netflix Merger Agreement”), under which Netflix would have acquired the Streaming and Studios segments (subject to certain deviations) and certain other assets and liabilities, including WBD, Inc.’s film and television studios, HBO Max, and HBO, following the separation and distribution of Discovery Global to WBD, Inc.’s stockholders (the “Separation Transaction”).

Following the board of directors’ determination that it had received a “Company Superior Proposal,” as defined in the Netfli…

Other contingent liabilities

As management company, the Company is jointly taxed with other Danish group entities and is jointly and severally with other jointly taxed group entities for payment of income taxes for income year 2022 onwards as well as withholding taxes on interest, royalties and dividends falling due for payment on or after 8 April 2022.

The Company has not provided any security or other collateral in assets at 31 December 2025.