Warner Bros. Discovery, Inc. (WBD)
NASDAQ: WBD · Real-Time Price · USD
28.90
+0.20 (0.70%)
At close: Aug 25, 2026, 4:00 PM EDT
28.62
-0.28 (-0.96%)
After-hours: Aug 25, 2026, 7:57 PM EDT
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Revenue | 26,028 | 26,568 | 27,791 | 28,937 | 24,666 | 11,396 |
Other Revenue | 10,087 | 10,728 | 11,530 | 12,384 | 9,151 | 795 |
| 36,115 | 37,296 | 39,321 | 41,321 | 33,817 | 12,191 | |
Revenue Growth | -6.05% | -5.15% | -4.84% | 22.19% | 177.39% | 14.24% |
Cost of Revenue | 18,848 | 20,682 | 22,577 | 24,315 | 20,391 | 4,615 |
Gross Profit | 17,267 | 16,614 | 16,744 | 17,006 | 13,426 | 7,576 |
Selling, General & Admin | 9,474 | 9,252 | 9,197 | 9,597 | 8,483 | 3,921 |
Operating Expenses | 14,549 | 14,936 | 16,234 | 17,582 | 15,676 | 5,503 |
Operating Income | 2,718 | 1,678 | 510 | -576 | -2,250 | 2,073 |
Interest Expense | -2,255 | -2,096 | -1,961 | -2,162 | -1,298 | -677 |
Interest & Investment Income | 139 | 206 | 210 | 179 | 67 | 18 |
Earnings From Equity Investments | 1 | -24 | -121 | -82 | -160 | -18 |
Currency Exchange Gain (Loss) | -86 | 43 | -345 | -141 | -154 | 104 |
Other Non Operating Income (Expenses) | -161 | -179 | 110 | -27 | 7 | 4 |
EBT Excluding Unusual Items | 356 | -372 | -1,597 | -2,809 | -3,788 | 1,504 |
Merger & Restructuring Charges | -896 | -565 | -609 | -747 | -4,952 | -127 |
Impairment of Goodwill | - | - | -9,100 | - | - | - |
Gain (Loss) on Sale of Investments | -25 | 6 | 182 | -36 | -52 | - |
Gain (Loss) on Sale of Assets | - | - | - | - | - | 71 |
Asset Writedown | -296 | -375 | -896 | -288 | -168 | -5 |
Other Unusual Items | -2,911 | 2,945 | 632 | 17 | - | -10 |
Pretax Income | -3,772 | 1,639 | -11,388 | -3,863 | -8,960 | 1,433 |
Income Tax Expense | -638 | 890 | 94 | -784 | -1,663 | 236 |
Earnings From Continuing Operations | -3,134 | 749 | -11,482 | -3,079 | -7,297 | 1,197 |
Minority Interest in Earnings | -33 | -22 | 171 | -47 | -74 | -191 |
Net Income | -3,167 | 727 | -11,311 | -3,126 | -7,371 | 1,006 |
Preferred Dividends & Other Adjustments | -1 | -1 | 3 | - | 49 | 94 |
Net Income to Common | -3,166 | 728 | -11,314 | -3,126 | -7,420 | 912 |
Net Income Growth | - | - | - | - | - | -16.41% |
Shares Outstanding (Basic) | 2,491 | 2,475 | 2,450 | 2,436 | 1,940 | 588 |
Shares Outstanding (Diluted) | 2,491 | 2,530 | 2,450 | 2,436 | 1,940 | 664 |
Shares Change | 0.59% | 3.26% | 0.57% | 25.57% | 192.17% | -1.19% |
EPS (Basic) | -1.27 | 0.29 | -4.62 | -1.28 | -3.82 | 1.55 |
EPS (Diluted) | -1.27 | 0.29 | -4.62 | -1.28 | -3.82 | 1.54 |
EPS Growth | - | - | - | - | - | -15.15% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,180 | 3,088 | 4,427 | 6,161 | 3,317 | 2,425 |
Free Cash Flow Per Share | 0.88 | 1.22 | 1.81 | 2.53 | 1.71 | 3.65 |
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% |
Profit Margin | -8.77% | 1.95% | -28.77% | -7.56% | -21.94% | 7.48% |
Free Cash Flow Margin | 6.04% | 8.28% | 11.26% | 14.91% | 9.81% | 19.89% |
EBITDA | 7,793 | 7,362 | 7,547 | 7,409 | 4,943 | 3,655 |
EBITDA Margin | 21.58% | 19.74% | 19.19% | 17.93% | 14.62% | 29.98% |
D&A For EBITDA | 5,075 | 5,684 | 7,037 | 7,985 | 7,193 | 1,582 |
EBIT | 2,718 | 1,678 | 510 | -576 | -2,250 | 2,073 |
EBIT Margin | 7.53% | 4.50% | 1.30% | -1.39% | -6.65% | 17.00% |
Effective Tax Rate | - | 54.30% | - | - | - | 16.47% |
Revenue as Reported | 36,115 | 37,296 | 39,321 | 41,321 | 33,817 | 12,191 |
Advertising Expenses | - | 2,104 | 2,152 | 2,428 | 2,519 | 1,247 |