Warner Bros. Discovery, Inc. 10-K

ITEM 2. Properties. The Company’s headquarters are located in New York City at 230 Park Ave. South. The Company owns and leases approximately 16 million square feet of offices; studios; technical, production and warehouse spaces; and other properties in numerous locations in the U.S. and around the world for its businesses. Each property is considered to be in good condition, adequate for its purpose, and suitably utilized according to the individual nature and requirements of the relevant operations housed within. The following table sets forth information as of December 31, 2025, with respect to the Company’s principal properties: 33 Location Principal Use Approximate Square Footage Type of Ownership; Expiration Date of Lease Burbank, CA 4000 Warner Blvd. Studios 2,600,000 Owned. New York, NY 30 Hudson Yards Streaming, Studios, Global Linear Networks, and Corporate 1,500,000 Leased; expires in 2034. Leavesden, UK Warner Drive (Studios); Studio Tour Drive (Studio Tour); 5 and 6 Hercules Way (Leavesden Park) Studios 1,300,000 Owned. Atlanta, GA 1050 Techwood Drive Streaming, Global Linear Networks, and Corporate 1,170,000 Owned. Burbank, CA 100 and 200 South California Street Studios and Corporate 811,000 Leased; Tower 1 expires in 2037, and Tower 2 expires in 2039. Santiago, Chile Pedro Montt 2354 Studios and Global Linear Networks 610,000 Owned. Tokyo, Japan 1-1625-1, Kasuga-cho, Nerima-ku Studios 531,000 Leased; expires in 2053. Burbank, CA 3000 West Alameda Avenue Studios 436,000 Leased; expires in 2027. New York, NY 230 Park Ave. South Headquarters, Streaming, Studios, Global Linear Networks, and Corporate 360,000 Leased; expires in 2037. Warsaw, Poland Wiertnicza 166 Streaming, Studios, Global Linear Networks, and Corporate 335,000 Owned. Culver City, CA 8900 Venice Boulevard Streaming and Global Linear Networks 244,000 Leased; expires in 2036. Cardington, Bedfordshire, UK Cardington Airfield, Shed 1 Studios 220,000 Leased; expires in 2027. Radlett, UK Ventura Park, Old Parkbury Lane Studios 198,000 Leased; expires in 2028 and 2034. Krakow, Poland Plk. Dabka 2 Studios and Global Linear Networks 151,000 Leased; expires in 2026. Hyderabad, India Phoenix Equinox Tower 2 Corporate 139,000 Leased; expires in 2030. Buenos Aires, Argentina 599 and 533 Defensa Street Streaming, Studios, Global Linear Networks, and Corporate 129,000 Owned. London, UK 160 Old Street Streaming, Studios, Global Linear Networks, and Corporate 116,000 Leased; expires in 2034. London, UK Chiswick Park, Bldg. 1 & 2 Streaming, Studios, Global Linear Networks, and Corporate 115,000 Leased; expires in 2034. Richmond, Canada 13480 Crestwood Place Studios 114,000 Leased; expires in 2030. Hyderabad, India Block A, International Tech Park Corporate 110,000 Leased; expires in 2028. Washington, DC 820 First Street Global Linear Networks 110,000 Leased; expires in 2031. 34 Location Principal Use Approximate Square Footage Type of Ownership; Expiration Date of Lease Mexico City, Mexico Paseo de las Palmas, 425 Col. Lomas de Chapultepec Corporate 91,000 Leased; expires in 2029. Paris, France L’Amiral, ZAC Forum Seine Streaming, Global Linear Networks, and Corporate 81,000 Leased; expires in 2031. Bangalore, India Embassy Tech Village, Block 8C Corporate 64,000 Leased; expires in 2030. Paris, France Equilis 46 rue Camille Desmoulins Streaming, Global Linear Networks, and Corporate 50,000 Leased; expires in 2034. Sterling, VA 45580 Terminal Drive Global Linear Networks and Corporate 54,000 Owned. Knoxville, TN 265 Brookview Center Way Global Linear Networks and Corporate 53,000 Leased; expires in 2033. Bellevue, WA 225 108th Avenue NE Streaming 48,000 Leased; expires in 2030. Silver Spring, MD 8403 Colesville Road Global Linear Networks and Corporate 47,000 Leased; expires in 2030. Warsaw, Poland Q22 Building, Jana Pawla II Corporate 39,000 Leased; expires in 2031. Mexico City, Mexico 405 Paseo de las Palmas Avenue Corporate 31,000 Leased; expires in 2030. Many of the listed locations are occupied by multiple segments; the most critical or the principal occupiers are listed here.