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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
29.82
+2.02 (7.27%)
Pre-market: Sep 21, 2026, 7:31 AM EDT

Revenue Breakdown

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20
Distribution Revenue
19.35B19.26B19.70B
Advertising Revenue
6.68B7.31B8.09B
Content Revenue
9.03B9.65B10.30B
Other Sources Revenue
1.06B1.08B1.23B
Revenue (Total)
36.12B37.30B39.32B

Revenue Breakdown 2

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20
Streaming Revenue
11.39B10.88B10.31B
Studios Revenue
11.96B12.62B11.61B
Global Linear Networks Revenue
16.45B17.66B20.18B
Eliminations from Revenue
-3.68B-3.86B-2.77B
Revenue (Total)
36.12B37.30B39.32B

Adjusted EBITDA

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20
Streaming Adjusted EBITDA
1.69B1.37B677.00M
Studios Adjusted EBITDA
2.29B2.55B1.65B
Global Linear Networks Adjusted EBITDA
6.19B6.41B8.15B
Corporate Adjusted EBITDA
-1.11B-1.10B-1.26B
Eliminations from Adjusted EBITDA
-287.00M-487.00M-186.00M
Operating Income (Total)
-1.27B738.00M-10.03B

Key Performance Indicators

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20
Domestic Subscribers
59.20M57.10M
International Subscribers
72.40M59.80M
Global Streaming Subscribers
131.60M116.90M
Domestic ARPU
10.7911.89
International ARPU
3.803.85
Global ARPU
6.927.76