Warner Bros. Discovery (WBD) Financials: History & Chart

Warner Bros. Discovery, Inc. (WBD)WBDWarner Bros. Discovery, Inc.

About Warner Bros. Discovery, Inc.

Warner Bros. Discovery, Inc. operates as a prominent global media and entertainment conglomerate. Its operations are structured across three key divisions: Studios, Network, and Direct-to-Consumer (DTC). The Studios segment is responsible for the creation and theatrical release of feature films. It also develops and licenses television programming, serving both its internal network infrastructure and external partners, including direct-to-consumer platforms. Further, this segment manages the distribution of its film and television catalog to various third-party outlets and its proprietary television channels. Additionally, it encompasses streaming services, home entertainment distribution, licensing for themed attractions, and the creation of interactive games. The Network division oversees a comprehensive portfolio of television channels, both domestically and internationally. Its Direct-to-Consumer (DTC) segment focuses on delivering premium subscription television and streaming content directly to consumers. Beyond its operational structure, Warner Bros. Discovery commands an extensive intellectual property portfolio. This encompasses a vast array of iconic content, brands, and franchises spanning television, film, streaming, and gaming. Noteworthy examples include properties from the Warner Bros. Motion Picture Group and Television Group, DC, HBO, Max, Discovery Channel, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, as well as beloved sagas like Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings. The company distributes its content through a multitude of channels, ranging from traditional linear, free-to-air, and broadcast television to authenticated digital applications, various digital distribution partnerships, content licensing agreements, and proprietary direct-to-consumer subscription offerings. Established in 2008, Warner Bros. Discovery, Inc. maintains its corporate headquarters in New York City.

New York City, NY

35,500 employees

ir.wbd.com

Communication Services / Entertainment

Sector: Communication Services
Industry: Entertainment
CEO: David Zaslav

View full financials

Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	36.12B	8.72B	8.89B	9.46B	9.04B	9.81B	8.98B	10.03B	9.62B
Cost of Goods Sold	20.43B	4.62B	4.64B	6.60B	4.56B	5.97B	5.13B	5.53B	5.18B
Gross Profit	15.69B	4.10B	4.25B	2.86B	4.48B	3.85B	3.85B	4.50B	4.44B
Gross Profit Margin	43.4%	47.0%	47.8%	30.2%	49.5%	39.2%	42.9%	44.9%	46.2%
Total Operating Expenses	13.75B	3.86B	3.70B	2.32B	3.87B	4.03B	3.88B	4.34B	4.16B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	9.79B	2.56B	2.48B	2.39B	2.36B	2.48B	2.19B	2.22B	2.38B
Operating Income (EBIT)	1.93B	237.00M	549.00M	536.00M	611.00M	-185.00M	-37.00M	162.00M	281.00M
Operating Margin	5.4%	2.7%	6.2%	5.7%	6.8%	-1.9%	-0.4%	1.6%	2.9%
Income Before Tax (EBT)	-3.77B	-271.00M	-3.12B	-408.00M	27.00M	2.45B	-434.00M	-356.00M	-178.00M
Interest Income	58.00M	N/A	22.00M	36.00M	N/A	59.00M	64.00M	38.00M	49.00M
Interest Expense	2.25B	511.00M	581.00M	584.00M	570.00M	463.00M	468.00M	490.00M	494.00M
Other Income/Expense	-5.71B	-508.00M	-3.67B	-944.00M	-584.00M	2.64B	-397.00M	-518.00M	-459.00M
Net Income	-3.17B	149.00M	-2.92B	-252.00M	-148.00M	1.58B	-453.00M	-494.00M	135.00M
Income Tax Expense	-638.00M	-433.00M	-214.00M	-161.00M	170.00M	866.00M	15.00M	284.00M	-319.00M
Net Profit Margin	-8.8%	1.7%	-32.8%	-2.7%	-1.6%	16.1%	-5.0%	-4.9%	1.4%
EBITDA	9.51B	1.40B	4.27B	1.85B	1.99B	4.91B	4.66B	4.87B	5.35B
EBITDA Margin	26.3%	16.0%	48.1%	19.6%	22.0%	50.0%	51.8%	48.6%	55.6%
Depreciation & Amortization	7.57B	1.16B	3.73B	1.31B	1.38B	5.09B	4.69B	4.71B	5.07B
EPS Basic	-1.27	0.06	-1.17	-0.10	-0.06	0.64	-0.18	-0.20	0.06
EPS Diluted	-1.27	0.06	-1.17	-0.10	-0.06	0.63	-0.18	-0.20	0.05
Shares Outstanding	2.51B	2.51B	2.49B	2.48B	2.48B	2.48B	2.46B	2.45B	2.45B
Diluted Shares Outstanding	2.58B	2.58B	2.49B	2.53B	2.48B	2.50B	2.46B	2.45B	2.47B

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	37.30B	39.32B	41.32B	33.82B	12.19B	10.67B	11.14B	10.55B
Cost of Goods Sold	26.79B	22.97B	24.53B	20.44B	4.62B	3.86B	3.82B	3.94B
Gross Profit	10.51B	16.35B	16.80B	13.38B	7.57B	6.81B	7.33B	6.62B
Gross Profit Margin	28.2%	41.6%	40.6%	39.6%	62.1%	63.8%	65.7%	62.7%
Total Operating Expenses	9.20B	26.38B	18.34B	20.75B	5.56B	4.30B	4.32B	4.68B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	9.42B	9.30B	9.70B	9.68B	4.02B	2.72B	2.79B	2.62B
Operating Income (EBIT)	1.31B	-10.03B	-1.55B	-7.37B	2.01B	2.52B	3.01B	1.93B
Operating Margin	3.5%	-25.5%	-3.7%	-21.8%	16.5%	23.6%	27.0%	18.3%
Income Before Tax (EBT)	1.64B	-11.39B	-3.86B	-8.96B	1.43B	1.73B	2.29B	1.02B
Interest Income	206.00M	210.00M	179.00M	67.00M	18.00M	10.00M	22.00M	15.00M
Interest Expense	2.08B	2.02B	2.22B	1.78B	633.00M	692.00M	677.00M	729.00M
Other Income/Expense	330.00M	-1.36B	-2.31B	-1.59B	-579.00M	-787.00M	-715.00M	-912.00M
Net Income	727.00M	-11.31B	-3.13B	-7.37B	1.01B	1.22B	2.07B	594.00M
Income Tax Expense	890.00M	94.00M	-784.00M	-1.66B	236.00M	373.00M	81.00M	341.00M
Net Profit Margin	1.9%	-28.8%	-7.6%	-21.8%	8.3%	11.4%	18.6%	5.6%
EBITDA	6.99B	10.95B	22.46B	13.98B	7.09B	6.83B	7.21B	6.62B
EBITDA Margin	18.8%	27.9%	54.4%	41.4%	58.2%	64.0%	64.7%	62.7%
Depreciation & Amortization	5.68B	20.98B	24.01B	21.35B	5.08B	4.32B	4.20B	4.69B
EPS Basic	0.29	-4.62	-1.28	-3.82	1.55	1.82	2.90	0.86
EPS Diluted	0.29	-4.62	-1.28	-3.82	1.54	1.81	2.86	0.86
Shares Outstanding	2.48B	2.45B	2.44B	1.94B	507.00M	510.00M	535.00M	688.00M
Diluted Shares Outstanding	2.53B	2.45B	2.44B	1.94B	668.00M	677.00M	717.00M	688.00M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.