Warner Bros. Discovery, Inc. (WBD)

NASDAQ: WBD · Real-Time Price · USD

Compare

27.21

-0.15 (-0.55%)

At close: Feb 9, 2026, 4:00 PM EST

27.28

+0.07 (0.26%)

After-hours: Feb 9, 2026, 7:38 PM EST

Warner Bros. Discovery Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	26,823	27,791	28,937	24,666	11,396	10,258
Other Revenue	11,040	11,530	12,384	9,151	795	413
Revenue	37,863	39,321	41,321	33,817	12,191	10,671
Revenue Growth (YoY)	-4.33%	-4.84%	22.19%	177.39%	14.24%	-4.24%
Cost of Revenue	21,020	22,577	24,315	20,391	4,615	3,812
Gross Profit	16,843	16,744	17,006	13,426	7,576	6,859
Selling, General & Admin	9,085	9,073	9,597	8,483	3,921	2,716
Operating Expenses	15,097	16,110	17,582	15,676	5,503	4,075
Operating Income	1,746	634	-576	-2,250	2,073	2,784
Interest Expense	-1,965	-2,005	-2,162	-1,298	-677	-691
Interest & Investment Income	208	210	179	67	18	-
Earnings From Equity Investments	-17	-121	-82	-160	-18	-105
Currency Exchange Gain (Loss)	-72	-345	-141	-154	104	-50
Other Non Operating Income (Expenses)	-6	110	-27	7	4	-3
EBT Excluding Unusual Items	-106	-1,517	-2,809	-3,788	1,504	1,935
Merger & Restructuring Charges	-693	-689	-747	-4,952	-127	-97
Impairment of Goodwill	-	-9,100	-	-	-	-
Gain (Loss) on Sale of Investments	17	182	-36	-52	-	138
Gain (Loss) on Sale of Assets	-	-	-	-	71	-124
Asset Writedown	-522	-896	-288	-168	-5	-48
Other Unusual Items	2,995	632	17	-	-10	-76
Pretax Income	1,691	-11,388	-3,863	-8,960	1,433	1,728
Income Tax Expense	1,335	94	-784	-1,663	236	373
Earnings From Continuing Operations	356	-11,482	-3,079	-7,297	1,197	1,355
Minority Interest in Earnings	129	171	-47	-74	-191	-136
Net Income	485	-11,311	-3,126	-7,371	1,006	1,219
Preferred Dividends & Other Adjustments	-4	-	-	49	94	128
Net Income to Common	489	-11,311	-3,126	-7,420	912	1,091
Net Income Growth	-	-	-	-	-17.47%	-41.08%
Shares Outstanding (Basic)	2,468	2,450	2,436	1,940	588	599
Shares Outstanding (Diluted)	2,496	2,450	2,436	1,940	664	672
Shares Change (YoY)	2.04%	0.57%	25.57%	192.17%	-1.19%	-18.76%
EPS (Basic)	0.20	-4.62	-1.28	-3.82	1.55	1.82
EPS (Diluted)	0.19	-4.62	-1.28	-3.82	1.54	1.81
EPS Growth	-	-	-	-	-15.15%	-26.77%
Free Cash Flow	4,134	4,427	6,161	3,317	2,425	2,337
Free Cash Flow Per Share	1.66	1.81	2.53	1.71	3.65	3.48
Gross Margin	44.48%	42.58%	41.16%	39.70%	62.14%	64.28%
Operating Margin	4.61%	1.61%	-1.39%	-6.65%	17.00%	26.09%
Profit Margin	1.29%	-28.77%	-7.56%	-21.94%	7.48%	10.22%
Free Cash Flow Margin	10.92%	11.26%	14.91%	9.81%	19.89%	21.90%
EBITDA	7,758	7,671	7,409	4,943	3,655	4,143
EBITDA Margin	20.49%	19.51%	17.93%	14.62%	29.98%	38.82%
D&A For EBITDA	6,012	7,037	7,985	7,193	1,582	1,359
EBIT	1,746	634	-576	-2,250	2,073	2,784
EBIT Margin	4.61%	1.61%	-1.39%	-6.65%	17.00%	26.09%
Effective Tax Rate	78.95%	-	-	-	16.47%	21.59%
Revenue as Reported	37,863	39,321	41,321	33,817	12,191	10,671
Advertising Expenses	-	2,152	2,428	2,519	1,247	412

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q