WBD
Warner Bros. Discovery, Inc.
Stock
$30.94−0.01 (−0.03%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $36.1B | $37.3B | $39.3B | $41.3B | $33.8B | $12.2B | $10.7B | $11.1B | $10.6B | $6.9B | $6.5B | $6.4B | $6.3B | $5.5B | $4.5B | $4.2B | $3.7B | $3.5B | $3.4B | $76M |
| Cost of revenue | $19.1B | $20.9B | $23.0B | $24.5B | $20.4B | $4.6B | $3.9B | $3.8B | $3.9B | $2.7B | $2.4B | $2.3B | $2.1B | $1.7B | $1.2B | $1.2B | $1.0B | $1.0B | $1.0B | $60M |
| Gross profit | $17.1B | $16.4B | $16.4B | $16.8B | $13.4B | $7.6B | $6.8B | $7.3B | $6.6B | $4.2B | $4.1B | $4.1B | $4.1B | $3.8B | $3.3B | $3.0B | $2.7B | $2.4B | $2.4B | $16M |
| SG&A | $9.8B | $9.4B | $9.3B | $9.7B | $9.7B | $4.0B | $2.7B | $2.8B | $2.6B | $1.8B | $1.7B | $1.7B | $1.7B | $1.6B | $1.3B | $1.2B | $1.2B | $1.2B | $1.1B | $22M |
| Other operating expenses | $8.6B | $6.3B | $17.1B | $8.6B | $11.1B | $1.5B | $1.6B | $1.5B | $2.1B | $1.7B | $317M | $397M | $388M | $273M | $123M | $18M | $142M | — | $241M | $2.0M |
| Operating income | −$1.3B | $738M | −$10.0B | −$1.5B | −$7.4B | $2.0B | $2.5B | $3.0B | $1.9B | $713M | $2.1B | $2.0B | $2.1B | $2.0B | $1.9B | $1.8B | $1.4B | $1.3B | $1.1B | −$8.0M |
| Non-operating income | −$2.5B | $901M | −$1.4B | −$2.3B | −$1.6B | −$579M | −$787M | −$715M | −$912M | −$850M | −$387M | −$426M | −$314M | −$239M | −$341M | −$240M | −$425M | −$235M | — | — |
| Pretax income | −$3.8B | $1.6B | −$11.4B | −$3.9B | −$9.0B | $1.4B | $1.7B | $2.3B | $1.0B | −$137M | $1.7B | $1.6B | $1.7B | $1.7B | $1.5B | $1.6B | $952M | $1.0B | — | — |
| Taxes | −$605M | $912M | −$77M | −$737M | −$1.6B | $427M | $509M | $225M | $428M | $200M | $477M | $525M | $608M | $661M | $575M | $431M | $299M | $490M | — | — |
| Net income | −$3.2B | $727M | −$11.3B | −$3.1B | −$7.4B | $1.0B | $1.2B | $2.1B | $594M | −$337M | $1.2B | $1.0B | $1.1B | $1.1B | $943M | $1.1B | $653M | $549M | $317M | −$68M |
| Diluted EPS | −$1.26 | $0.29 | −$4.62 | −$1.28 | −$3.82 | $1.54 | $1.81 | — | — | — | — | — | — | $1.49 | $1.24 | $1.40 | $0.76 | $0.64 | $0.49 | −$0.12 |
| Diluted shares | — | 2.53B | 2.45B | 2.44B | 1.94B | 664.0M | 672.0M | — | — | — | — | — | — | 722.0M | 760.0M | 810.0M | 858.0M | 850.0M | 644.0M | 562.0M |
| Revenue growth | — | −5.1% | −4.8% | +22.2% | +177.4% | +14.2% | −4.2% | +5.6% | +53.5% | +5.8% | +1.6% | +2.1% | +13.2% | +23.4% | +7.7% | +12.5% | +7.2% | +2.2% | +4,350.0% | — |
| Gross margin | 47.2% | 44.0% | 41.6% | 40.6% | 39.6% | 62.1% | 63.8% | 65.7% | 62.7% | 61.4% | 62.6% | 63.4% | 66.1% | 69.5% | 72.9% | 71.8% | 72.7% | 69.8% | 70.4% | 21.1% |
| Operating margin | −3.5% | 2.0% | −25.5% | −3.7% | −21.8% | 16.5% | 23.6% | 27.0% | 18.3% | 10.4% | 31.7% | 31.0% | 32.9% | 35.7% | 41.4% | 43.3% | 37.2% | 36.8% | 31.5% | −10.5% |
| Net margin | −8.8% | 1.9% | −28.8% | −7.6% | −21.8% | 8.3% | 11.4% | 18.6% | 5.6% | −4.9% | 18.4% | 16.2% | 18.2% | 19.4% | 21.0% | 27.2% | 17.6% | 15.9% | 9.4% | −89.5% |