Warner Bros. Discovery, Inc. (WBD)
NASDAQ: WBD · Real-Time Price · USD
28.17
-0.63 (-2.19%)
At close: Feb 27, 2026, 4:00 PM EST
28.26
+0.09 (0.32%)
After-hours: Feb 27, 2026, 7:58 PM EST
Warner Bros. Discovery Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | 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 | 2020 - 2016 |
| Operating Revenue | 26,568 | 27,791 | 28,937 | 24,666 | 11,396 | Upgrade
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| Other Revenue | 10,728 | 11,530 | 12,384 | 9,151 | 795 | Upgrade
|
| Revenue | 37,296 | 39,321 | 41,321 | 33,817 | 12,191 | Upgrade
|
| Revenue Growth (YoY) | -5.15% | -4.84% | 22.19% | 177.39% | 14.24% | Upgrade
|
| Cost of Revenue | 20,885 | 22,577 | 24,315 | 20,391 | 4,615 | Upgrade
|
| Gross Profit | 16,411 | 16,744 | 17,006 | 13,426 | 7,576 | Upgrade
|
| Selling, General & Admin | 9,418 | 9,073 | 9,597 | 8,483 | 3,921 | Upgrade
|
| Operating Expenses | 15,102 | 16,110 | 17,582 | 15,676 | 5,503 | Upgrade
|
| Operating Income | 1,309 | 634 | -576 | -2,250 | 2,073 | Upgrade
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| Interest Expense | -2,085 | -2,005 | -2,162 | -1,298 | -677 | Upgrade
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| Interest & Investment Income | - | 210 | 179 | 67 | 18 | Upgrade
|
| Earnings From Equity Investments | -24 | -121 | -82 | -160 | -18 | Upgrade
|
| Currency Exchange Gain (Loss) | - | -345 | -141 | -154 | 104 | Upgrade
|
| Other Non Operating Income (Expenses) | 65 | 110 | -27 | 7 | 4 | Upgrade
|
| EBT Excluding Unusual Items | -735 | -1,517 | -2,809 | -3,788 | 1,504 | Upgrade
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| Merger & Restructuring Charges | -399 | -689 | -747 | -4,952 | -127 | Upgrade
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| Impairment of Goodwill | - | -9,100 | - | - | - | Upgrade
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| Gain (Loss) on Sale of Investments | - | 182 | -36 | -52 | - | Upgrade
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| Gain (Loss) on Sale of Assets | - | - | - | - | 71 | Upgrade
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| Asset Writedown | -172 | -896 | -288 | -168 | -5 | Upgrade
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| Other Unusual Items | 2,945 | 632 | 17 | - | -10 | Upgrade
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| Pretax Income | 1,639 | -11,388 | -3,863 | -8,960 | 1,433 | Upgrade
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| Income Tax Expense | 890 | 94 | -784 | -1,663 | 236 | Upgrade
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| Earnings From Continuing Operations | 749 | -11,482 | -3,079 | -7,297 | 1,197 | Upgrade
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| Minority Interest in Earnings | -22 | 171 | -47 | -74 | -191 | Upgrade
|
| Net Income | 727 | -11,311 | -3,126 | -7,371 | 1,006 | Upgrade
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| Preferred Dividends & Other Adjustments | - | - | - | 49 | 94 | Upgrade
|
| Net Income to Common | 727 | -11,311 | -3,126 | -7,420 | 912 | Upgrade
|
| Net Income Growth | - | - | - | - | -17.47% | Upgrade
|
| Shares Outstanding (Basic) | 2,475 | 2,450 | 2,436 | 1,940 | 588 | Upgrade
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| Shares Outstanding (Diluted) | 2,530 | 2,450 | 2,436 | 1,940 | 664 | Upgrade
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| Shares Change (YoY) | 3.26% | 0.57% | 25.57% | 192.17% | -1.19% | Upgrade
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| EPS (Basic) | 0.29 | -4.62 | -1.28 | -3.82 | 1.55 | Upgrade
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| EPS (Diluted) | 0.29 | -4.62 | -1.28 | -3.82 | 1.54 | Upgrade
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| EPS Growth | - | - | - | - | -15.15% | Upgrade
|
| Free Cash Flow | 3,088 | 4,427 | 6,161 | 3,317 | 2,425 | Upgrade
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| Free Cash Flow Per Share | 1.22 | 1.81 | 2.53 | 1.71 | 3.65 | Upgrade
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| Gross Margin | 44.00% | 42.58% | 41.16% | 39.70% | 62.14% | Upgrade
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| Operating Margin | 3.51% | 1.61% | -1.39% | -6.65% | 17.00% | Upgrade
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| Profit Margin | 1.95% | -28.77% | -7.56% | -21.94% | 7.48% | Upgrade
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| Free Cash Flow Margin | 8.28% | 11.26% | 14.91% | 9.81% | 19.89% | Upgrade
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| EBITDA | 6,993 | 7,671 | 7,409 | 4,943 | 3,655 | Upgrade
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| EBITDA Margin | 18.75% | 19.51% | 17.93% | 14.62% | 29.98% | Upgrade
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| D&A For EBITDA | 5,684 | 7,037 | 7,985 | 7,193 | 1,582 | Upgrade
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| EBIT | 1,309 | 634 | -576 | -2,250 | 2,073 | Upgrade
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| EBIT Margin | 3.51% | 1.61% | -1.39% | -6.65% | 17.00% | Upgrade
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| Effective Tax Rate | 54.30% | - | - | - | 16.47% | Upgrade
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| Revenue as Reported | 37,296 | 39,321 | 41,321 | 33,817 | 12,191 | Upgrade
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| Advertising Expenses | - | 2,152 | 2,428 | 2,519 | 1,247 | Upgrade
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Source: S&P Capital IQ. Standard template. Financial Sources.