The head finance exec delivered the update on a call to flesh out WBDsmixed fourth-quarter financials.
And high-level insiders tell Deadline that the figure could even come closer to $5 billion.
The company had realized $1 billion of savings by the end of last year.
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The merger closed last April.
The bulk of our restructuring is behind us, said Zaslav at the top of the call.
We have full command and control of our business and management is all rolling in the same direction.
Wiedenfels called the fourth quarter a defining chapter in the companys global financial organization.
WBD saw revenue dip and losses widen for the last three months of 2022.
But streaming losses narrowed sharply and free cash flow rose.
Debt alone isnt the key metric, leverage is.
Thats measured by the debt-to-equity ratio a companys total liabilities divided by its shareholder equity.
