Warner Bros. Discovery, Inc. (BMV:WBD)

Revenue Breakdown

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Distribution Revenue	19.39B	19.70B	20.24B
Distribution Revenue Growth	-1.58%	-2.65%	25.37%
Advertising Revenue	7.43B	8.09B	8.70B
Advertising Revenue Growth	-8.12%	-7.01%	2.07%
Content Revenue	9.90B	10.30B	11.20B
Content Revenue Growth	-3.90%	-8.09%	34.01%
Other Sources Revenue	1.15B	1.23B	1.18B
Other Sources Revenue Growth	-7.14%	4.40%	49.30%
Revenue (Total)	37.86B	39.32B	41.32B
Revenue (Total) Growth	-3.71%	-4.84%	22.19%

Revenue Breakdown 2

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Streaming Revenue	10.73B	10.31B	10.15B
Streaming Revenue Growth	4.07%	1.57%	39.59%
Studios Revenue	13.09B	11.61B	12.19B
Studios Revenue Growth	12.80%	-4.80%	25.29%
Global Linear Networks Revenue	18.23B	20.18B	21.24B
Global Linear Networks Revenue Growth	-9.65%	-5.03%	9.80%
Eliminations from Revenue	-4.19B	-2.77B	-2.27B
Revenue (Total)	37.86B	39.32B	41.32B
Revenue (Total) Growth	-3.71%	-4.84%	22.19%

Adjusted EBITDA

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Streaming Adjusted EBITDA	1.39B	677.00M	103.00M
Streaming Adjusted EBITDA Growth	104.73%	557.28%	-
Studios Adjusted EBITDA	2.77B	1.65B	2.18B
Studios Adjusted EBITDA Growth	67.49%	-24.32%	23.19%
Global Linear Networks Adjusted EBITDA	6.92B	8.15B	9.06B
Global Linear Networks Adjusted EBITDA Growth	-15.03%	-10.08%	3.87%
Corporate Adjusted EBITDA	-1.14B	-1.26B	-1.24B
Eliminations from Adjusted EBITDA	-686.00M	-186.00M	93.00M
Eliminations from Adjusted EBITDA Growth	-	-	447.06%
Operating Income (Total)	551.00M	-10.03B	-1.55B

Key Performance Indicators

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Domestic Subscribers	58.00M	57.10M	52.00M
Domestic Subscribers Growth	1.58%	9.81%	-4.76%
International Subscribers	70.00M	59.80M	45.60M
International Subscribers Growth	17.06%	31.14%	7.80%
Global Streaming Subscribers	128.00M	116.90M	97.70M
Global Streaming Subscribers Growth	9.50%	19.65%	0.83%

Updated Sep 30, 2025. Data Source: Fiscal.ai.