Warner Bros. Discovery (WBD) Gross Profit Margin: History & Chart

Warner Bros. Discovery, Inc.(WBD)

Entertainment · New York City, NY

$30.80-0.03 (-0.10%)

Delayed quote: Sep 23, 2026, 9:30 AM EDT

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

WBD Gross Margin Metrics

GROSS MARGIN

28.18%

GROSS MARGIN AVG TTM

42.74%

GROSS MARGIN AVG 3Y

42.18%

GROSS MARGIN AVG 5Y

42.65%

GROSS MARGIN AVG 10Y

53.88%

GROSS MARGIN AVG 15Y

58.55%

GROSS MARGIN AVG 20Y

58.11%

CURRENT VS TTM AVG

-34.07%

CURRENT VS 3Y AVG

-33.19%

CURRENT VS 5Y AVG

-33.92%

CURRENT VS 10Y AVG

-47.70%

CURRENT VS 15Y AVG

-51.87%

CURRENT VS 20Y AVG

-51.51%

SECTOR MEDIAN · COMMUNICATION SERVICES

56.27%

median of 30 covered companies

CURRENT VS SECTOR MEDIAN

-49.92%

vs the sector median at left

NAME	MARKET CAP	GROSS MARGIN	TTM	3Y	5Y
Warner Bros. Discovery, Inc. (WBD)	$77.22B	28.18%	42.74%	42.18%	42.65%
Comcast Corporation (CMCSA)vs ›	$79.21B	69.39%	70.91%	70.03%	69.18%
DoorDash, Inc. (DASH)vs ›	$82.88B	51.41%	49.59%	47.89%	49.39%
Spotify Technology S.A. (SPOT)vs ›	$103.00B	32.79%	31.06%	28.18%	27.51%
Live Nation Entertainment, Inc. (LYV)vs ›	$39.27B	23.01%	24.09%	24.56%	25.57%
Reddit, Inc. (RDDT)vs ›	$29.65B	91.44%	90.84%	88.03%	85.52%
Fox Corporation (FOXA)vs ›	$28.11B	36.63%	34.87%	67.44%	78.29%
Roku, Inc. (ROKU)vs ›	$22.81B	45.50%	43.84%	44.37%	45.65%
Omnicom Group Inc. (OMC)vs ›	$20.64B	17.54%	17.38%	17.44%	17.20%
News Corporation (NWSA)vs ›	$16.29B	56.89%	78.44%	89.22%	92.81%

NAME

MARKET CAP

GROSS MARGIN

TTM

Warner Bros. Discovery, Inc. (WBD)

$77.22B

28.18%

42.74%

42.18%

42.65%

Comcast Corporation (CMCSA)vs ›

$79.21B

69.39%

70.91%

70.03%

69.18%

DoorDash, Inc. (DASH)vs ›

$82.88B

51.41%

49.59%

47.89%

49.39%

Spotify Technology S.A. (SPOT)vs ›

$103.00B

32.79%

31.06%

28.18%

27.51%

Live Nation Entertainment, Inc. (LYV)vs ›

$39.27B

23.01%

24.09%

24.56%

25.57%

Reddit, Inc. (RDDT)vs ›

$29.65B

91.44%

90.84%

88.03%

85.52%

Fox Corporation (FOXA)vs ›

$28.11B

36.63%

34.87%

67.44%

78.29%

Roku, Inc. (ROKU)vs ›

$22.81B

45.50%

43.84%

44.37%

45.65%

Omnicom Group Inc. (OMC)vs ›

$20.64B

17.54%

17.38%

17.44%

17.20%

News Corporation (NWSA)vs ›

$16.29B

56.89%

78.44%

89.22%

92.81%

Gross Margin FAQ

What is the gross margin for Warner Bros. Discovery, Inc. (WBD)?

The gross margin for WBD stock is 28.18%.

Is Warner Bros. Discovery, Inc.'s gross margin high or low?

The gross margin of 28.18% is 34% below its 5-year average of 42.65%, near the low end of its 5-year range (28.18%–66.52%).

What is the TTM average gross margin for Warner Bros. Discovery, Inc. (WBD)?

The TTM average gross margin for WBD stock is 42.74%.

What is the 3Y average gross margin for Warner Bros. Discovery, Inc. (WBD)?

The 3Y average gross margin for WBD stock is 42.18%.

What is the 5Y average gross margin for Warner Bros. Discovery, Inc. (WBD)?

The 5Y average gross margin for WBD stock is 42.65%.

What is the 10Y average gross margin for Warner Bros. Discovery, Inc. (WBD)?

The 10Y average gross margin for WBD stock is 53.88%.

What is the 15Y average gross margin for Warner Bros. Discovery, Inc. (WBD)?

The 15Y average gross margin for WBD stock is 58.55%.

What is the 20Y average gross margin for Warner Bros. Discovery, Inc. (WBD)?

The 20Y average gross margin for WBD stock is 58.11%.

DATE	GROSS MARGIN
2026-06-30	46.99%
2026-03-31	47.79%
2025-12-31	30.21%
2025-09-30	49.54%
2025-06-30	39.19%
2025-03-31	42.86%
2024-12-31	44.88%
2024-09-30	46.16%
2024-06-30	36.13%
2024-03-31	39.16%
2023-12-31	42.67%
2023-09-30	46.80%
2023-06-30	35.93%
2023-03-31	37.52%
2022-12-31	36.83%
2022-09-30	42.72%
2022-06-30	32.58%
2022-03-31	60.87%
2021-12-31	66.52%
2021-09-30	51.46%
2021-06-30	65.55%
2021-03-31	65.29%
2020-12-31	60.88%
2020-09-30	60.84%
2020-06-30	68.12%
2020-03-31	65.78%
2019-12-31	63.92%
2019-09-30	65.87%
2019-06-30	67.49%
2019-03-31	65.64%
2018-12-31	66.32%
2018-09-30	63.97%
2018-06-30	65.03%
2018-03-31	54.05%
2017-12-31	60.03%
2017-09-30	59.42%
2017-06-30	63.67%
2017-03-31	62.37%
2016-12-31	61.42%
2016-09-30	61.95%
2016-06-30	64.70%
2016-03-31	62.08%
2015-12-31	61.12%
2015-09-30	63.13%
2015-06-30	65.90%
2015-03-31	63.24%
2014-12-31	64.32%
2014-09-30	66.26%
2014-06-30	68.01%
2014-03-31	65.84%
2013-12-31	69.10%
2013-09-30	68.36%
2013-06-30	70.21%
2013-03-31	70.42%
2012-12-31	72.67%
2012-09-30	72.49%
2012-06-30	73.53%
2012-03-31	72.72%
2011-12-31	70.59%
2011-09-30	69.63%
2011-06-30	73.01%
2011-03-31	71.29%
2010-12-31	71.33%
2010-09-30	71.81%
2010-06-30	73.62%
2010-03-31	69.28%
2009-12-31	69.09%
2009-09-30	70.01%
2009-06-30	70.98%
2009-03-31	69.08%
2008-12-31	70.58%
2008-09-30	68.99%
2008-06-30	71.30%
2008-03-31	70.09%
2007-12-31	27.69%
2007-09-30	26.67%
2007-06-30	31.38%
2007-03-31	32.12%
2006-12-31	31.73%
2006-09-30	34.36%
2006-06-30	33.88%
2006-03-31	36.45%
2005-12-31	36.84%
2005-09-30	34.90%
2005-06-30	35.07%
2005-03-31	36.40%
2004-12-31	39.14%
2004-09-30	39.93%
2004-06-30	40.14%
2004-03-31	65.54%

DATE

GROSS MARGIN

2026-06-30

46.99%

2026-03-31

47.79%

2025-12-31

30.21%

2025-09-30

49.54%

2025-06-30

39.19%

2025-03-31

42.86%

2024-12-31

44.88%

2024-09-30

46.16%

2024-06-30

36.13%

2024-03-31

39.16%

2023-12-31

42.67%

2023-09-30

46.80%

2023-06-30

35.93%

2023-03-31

37.52%

2022-12-31

36.83%

2022-09-30

42.72%

2022-06-30

32.58%

2022-03-31

60.87%

2021-12-31

66.52%

2021-09-30

51.46%

2021-06-30

65.55%

2021-03-31

65.29%

2020-12-31

60.88%

2020-09-30

60.84%

2020-06-30

68.12%

2020-03-31

65.78%

2019-12-31

63.92%

2019-09-30

65.87%

2019-06-30

67.49%

2019-03-31

65.64%

2018-12-31

66.32%

2018-09-30

63.97%

2018-06-30

65.03%

2018-03-31

54.05%

2017-12-31

60.03%

2017-09-30

59.42%

2017-06-30

63.67%

2017-03-31

62.37%

2016-12-31

61.42%

2016-09-30

61.95%

2016-06-30

64.70%

2016-03-31

62.08%

2015-12-31

61.12%

2015-09-30

63.13%

2015-06-30

65.90%

2015-03-31

63.24%

2014-12-31

64.32%

2014-09-30

66.26%

2014-06-30

68.01%

2014-03-31

65.84%

2013-12-31

69.10%

2013-09-30

68.36%

2013-06-30

70.21%

2013-03-31

70.42%

2012-12-31

72.67%

2012-09-30

72.49%

2012-06-30

73.53%

2012-03-31

72.72%

2011-12-31

70.59%

2011-09-30

69.63%

2011-06-30

73.01%

2011-03-31

71.29%

2010-12-31

71.33%

2010-09-30

71.81%

2010-06-30

73.62%

2010-03-31

69.28%

2009-12-31

69.09%

2009-09-30

70.01%

2009-06-30

70.98%

2009-03-31

69.08%

2008-12-31

70.58%

2008-09-30

68.99%

2008-06-30

71.30%

2008-03-31

70.09%

2007-12-31

27.69%

2007-09-30

26.67%

2007-06-30

31.38%

2007-03-31

32.12%

2006-12-31

31.73%

2006-09-30

34.36%

2006-06-30

33.88%

2006-03-31

36.45%

2005-12-31

36.84%

2005-09-30

34.90%

2005-06-30

35.07%

2005-03-31

36.40%

2004-12-31

39.14%

2004-09-30

39.93%

2004-06-30

40.14%

2004-03-31

65.54%

Gross Margin: 28.18%

WBD Gross Margin

WBD Average Gross Margin Chart

WBD Current vs Average Gross Margin Chart

WBD Gross Margin Metrics

WBD Competitors' Gross Margin

Gross Margin Analysis

Gross Margin Formula & Definition

Gross Margin FAQ

WBD Gross Margin History

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