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Warner Bros. Discovery, Inc. (WBD)
NASDAQ: WBD · Real-Time Price · USD
28.53
-0.24 (-0.83%)
At close: Aug 31, 2026, 4:00 PM EDT
28.39
-0.14 (-0.48%)
Pre-market: Sep 1, 2026, 4:34 AM EDT

Warner Bros. Discovery Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
8,7178,8939,4609,0459,8128,97910,0279,6239,7139,95810,2849,97910,35810,70011,0089,8239,8273,1593,1873,150
Revenue Growth
-11.16%-0.96%-5.66%-6.01%1.02%-9.83%-2.50%-3.57%-6.23%-6.93%-6.58%1.59%5.40%238.72%245.40%211.84%220.93%13.15%10.43%23.00%
Gross Profit
4,0964,2924,3414,5173,8453,8834,5704,5873,5093,9004,2844,8613,7224,1114,1054,1963,2021,9232,1251,621
Operating Income
445764698790-59221642502-652-160-141594-769-288-509-567-1,619445560349
Net Income
149-2,916-251-1481,580-453-493135-9,986-970-400-417-1,240-1,069-2,101-2,308-3,41840748139
Earnings Per Share
0.06-1.17-0.10-0.060.63-0.18-0.200.05-4.07-0.40-0.16-0.17-0.51-0.44-0.86-0.95-1.500.690.080.24
EPS Growth
-90.58%----------------226.69%-57.85%-38.88%

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Distribution
4,9504,9064,7894,7024,8854,8864,9174,9204,8794,9854,9135,0265,1355,1634,9624,9904,8381,3521,3041,328
Advertising
1,7241,8471,7031,4072,2161,9801,8301,6822,4302,1482,0871,7962,5192,2982,2852,0422,7211,4761,6981,453
Content
1,8281,8872,6612,6492,4711,8662,9092,7212,1092,5582,9632,8402,4462,9543,4422,5312,064323173352
Other Sources
21525330728724024737130029526732131725828531926020481217
Revenue (Total)
8,7178,8939,4609,0459,8128,97910,0279,6239,7139,95810,2849,97910,35810,70011,0089,8239,8273,1593,1873,150

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
3,4113,2814,5834,3264,9173,9045,3293,3543,6813,0693,8042,4663,0992,6343,7412,4222,5894,1844,1153,520
Total Debt
32,02332,46636,76133,52134,63237,42643,00640,20940,96242,58547,29044,80647,29048,93152,60253,47755,78214,39915,64814,792
Net Cash (Debt)
-28,612-29,185-32,178-29,195-29,715-33,522-37,677-36,855-37,281-39,516-43,486-42,340-44,191-46,297-48,861-51,055-53,193-10,215-11,533-11,272
Net Cash Growth
--------------------
Net Cash Per Share
-11.11-11.71-12.97-11.78-11.89-13.62-15.35-14.92-15.21-16.18-17.83-17.37-18.13-19.04-20.12-21.03-23.27-15.36-17.45-17.00

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
848-2081,8049799835532,7158471,2285853,5782,5162,014-6312,8461241,011323884811
Capital Expenditures
-276-268-421-278-281-251-286-215-252-195-268-457-292-299-364-316-222-85-100-106
Free Cash Flow
572-4761,3837017023022,4296329763903,3102,0591,722-9302,482-192789238784705
Free Cash Flow Growth
-18.52%--43.06%10.92%-28.07%-22.56%-26.62%-69.31%-43.32%-33.36%-118.25%-216.58%-4.23%32.96%77.78%-10.42%

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
46.99%48.26%45.89%49.94%39.19%43.24%45.58%47.67%36.13%39.16%41.66%48.71%35.93%38.42%37.29%42.72%32.58%60.87%66.68%51.46%
Operating Margin
5.10%8.59%7.38%8.73%-0.60%2.46%6.40%5.22%-6.71%-1.61%-1.37%5.95%-7.42%-2.69%-4.62%-5.77%-16.48%14.09%17.57%11.08%
Pretax Margin
-3.11%-35.08%-4.31%0.30%25.01%-4.83%-3.55%-1.85%-103.32%-8.22%-5.96%-5.33%-14.29%-11.57%-23.08%-29.02%-43.19%21.40%5.74%7.40%
Profit Margin
1.71%-32.79%-2.65%-1.64%16.10%-5.04%-4.92%1.40%-102.81%-9.74%-3.89%-4.18%-11.97%-9.99%-19.09%-23.50%-34.78%12.88%1.51%4.41%
FCF Margin
6.56%-5.35%14.62%7.75%7.16%3.36%24.22%6.57%10.05%3.92%32.19%20.63%16.63%-8.69%22.55%-1.96%8.03%7.53%24.60%22.38%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
----36.87------------13.8216.8114.88
Forward PE
201.41201.41201.41201.41201.4160.9722.1611.3525.1825.1825.187.3013.5918.8218.8222.6627.668.297.539.14
P/FCF Ratio
30.66-23.1411.706.986.075.863.812.712.854.504.969.91-6.94-12.946.646.327.93
PS Ratio
1.851.831.921.280.740.690.660.510.460.530.670.630.730.890.681.071.691.311.261.39