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Warner Bros. Discovery, Inc. (WBD)
NASDAQ: WBD · Real-Time Price · USD
27.36
+0.60 (2.24%)
At close: Feb 6, 2026, 4:00 PM EST
27.33
-0.03 (-0.11%)
After-hours: Feb 6, 2026, 5:27 PM EST

Revenue Breakdown

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 2021FY 2020
Period Ending
Sep '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20
Distribution Revenue
19.39B19.70B
Advertising Revenue
7.43B8.09B
Content Revenue
9.90B10.30B
Other Sources Revenue
1.15B1.23B
Revenue (Total)
37.86B39.32B

Revenue Breakdown 2

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 2021FY 2020
Period Ending
Sep '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20
Streaming Revenue
10.73B10.31B
Studios Revenue
13.09B11.61B
Global Linear Networks Revenue
18.23B20.18B
Eliminations from Revenue
-4.19B-2.77B
Revenue (Total)
37.86B39.32B

Adjusted EBITDA

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 2021FY 2020
Period Ending
Sep '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20
Streaming Adjusted EBITDA
1.39B677.00M
Studios Adjusted EBITDA
2.77B1.65B
Global Linear Networks Adjusted EBITDA
6.92B8.15B
Corporate Adjusted EBITDA
-1.14B-1.26B
Eliminations from Adjusted EBITDA
-686.00M-186.00M
Operating Income (Total)
551.00M-10.03B

Key Performance Indicators

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 2021FY 2020
Period Ending
Sep '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20
Domestic Subscribers
58.00M57.10M
International Subscribers
70.00M59.80M
Global Streaming Subscribers
128.00M116.90M
Updated Nov 6, 2025. Data Source: Fiscal.ai.