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Warner Bros. Discovery, Inc. (WBD)
NASDAQ: WBD · Real-Time Price · USD
27.80
-0.44 (-1.56%)
At close: Sep 18, 2026, 4:00 PM EDT
29.90
+2.10 (7.55%)
Pre-market: Sep 21, 2026, 6:43 AM EDT

Warner Bros. Discovery Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
36,11537,29639,32141,32133,81712,191
Revenue Growth
-6.05%-5.15%-4.84%22.19%177.39%14.24%
Gross Profit
17,26716,61416,74417,00613,4267,576
Operating Income
2,7181,678510-576-2,2502,073
Net Income
-3,166728-11,314-3,126-7,420912
Earnings Per Share
-1.270.29-4.62-1.28-3.821.54
EPS Growth
------15.15%

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Distribution
19,34719,26219,70120,23716,1425,202
Advertising
6,6817,3068,0908,7008,5246,194
Content
9,0259,64710,29711,2038,360737
Other Sources
1,0621,0811,2331,18179158
Revenue (Total)
36,11537,29639,32141,32133,81712,191

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
3,4114,5835,3293,8043,7414,115
Total Debt
32,02336,76143,00647,29052,60215,648
Net Cash (Debt)
-28,612-32,178-37,677-43,486-48,861-11,533
Net Cash Growth
------
Net Cash Per Share
-11.49-12.72-15.38-17.85-25.19-17.37

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
3,4234,3195,3757,4774,3042,798
Capital Expenditures
-1,243-1,231-948-1,316-987-373
Free Cash Flow
2,1803,0884,4276,1613,3172,425
Free Cash Flow Growth
-46.37%-30.25%-28.14%85.74%36.78%3.77%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
47.81%44.55%42.58%41.16%39.70%62.14%
Operating Margin
7.53%4.50%1.30%-1.39%-6.65%17.00%
Pretax Margin
-10.44%4.39%-28.96%-9.35%-26.50%11.75%
Profit Margin
-8.77%1.95%-28.77%-7.56%-21.94%7.48%
FCF Margin
6.04%8.28%11.26%14.91%9.81%19.89%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
-98.16---16.81
Forward PE
150.76201.4122.1625.1818.827.53
P/FCF Ratio
32.0223.145.864.506.946.32
PS Ratio
1.931.920.660.670.681.26