Warner Bros. Discovery, Inc. (WBD)

Name: Warner Bros. Discovery, Inc. (WBD) annual fundamentals
Creator: TickerFacts
License: https://creativecommons.org/publicdomain/zero/1.0/

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CIK 0001437107 · Nasdaq · Cable & Other Pay Television Services

Sector Transportation & Utilities
Incorporated DE
Fiscal year ends Dec 31

For the year ended 2025-12-31, Warner Bros. Discovery, Inc. reported revenue of $37.30B. Revenue fell 5.1% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $36.12B.

Key ratios (year ended 2025-12-31)

2.0%

Operating margin

1.9%

Net margin

2.0%

Return on year-end equity

-5.1%

Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-08

Headquarters locality: New York City · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period ended	TTM to 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31
Revenue	$36.12B	$37.30B	$39.32B	$41.32B	$33.82B	$12.19B	$10.67B	$11.14B	$10.55B	$6.87B	$6.50B
Cost of Revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$3.94B	$2.66B	$2.43B
Gross Profit (computed)	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$6.62B	$4.22B	$4.07B
Operating Income	-$1.27B	$738.00M	-$10.03B	-$1.55B	-$7.37B	$2.01B	$2.52B	$3.01B	$1.93B	$713.00M	$2.06B
Depreciation & Amortization	$5.08B	$5.68B	$7.04B	$7.99B	$7.19B	$1.58B	$1.36B	$1.35B	$1.40B	$330.00M	$322.00M
EBITDA	$3.80B	$6.42B	-$3.00B	$6.44B	-$177.00M	$3.59B	$3.87B	$4.36B	$3.33B	$1.04B	$2.38B
Net Income	-$3.17B	$727.00M	-$11.31B	-$3.13B	-$7.37B	$1.01B	$1.22B	$2.07B	$594.00M	-$337.00M	$1.19B
EPS (Diluted)	n/a	$0.29	-$4.62	-$1.28	-$3.82	$1.54	$1.81	n/a	n/a	n/a	n/a
Total Assets	$97.25B	$100.08B	$104.56B	$122.76B	$134.00B	$34.43B	$34.09B	$33.73B	$32.55B	$22.55B	$15.67B
Total Liabilities	$63.25B	$62.92B	$69.62B	$76.28B	$85.33B	$21.03B	$21.70B	$21.77B	$22.03B	$17.53B	$10.26B
Long-Term Debt	$32.02B	$32.57B	$39.51B	$43.67B	$49.00B	$14.76B	$15.40B	$15.42B	$16.79B	$14.79B	$7.92B
Shareholders' Equity	$33.99B	$37.15B	$34.83B	$46.31B	$48.35B	$13.03B	$12.00B	$11.52B	$10.10B	$4.61B	$5.17B
Cash & Equivalents	$3.37B	$4.57B	$5.31B	$3.78B	$3.73B	$3.90B	$2.09B	$1.55B	$986.00M	$7.31B	$300.00M
Operating Cash Flow	$3.42B	$4.32B	$5.38B	$7.48B	$4.30B	$2.80B	$2.74B	$3.40B	$2.58B	$1.63B	$1.38B
Capital Expenditures	$1.24B	$1.23B	$948.00M	$1.32B	$987.00M	$373.00M	$402.00M	$289.00M	$147.00M	$135.00M	$88.00M
Free Cash Flow	$2.18B	$3.09B	$4.43B	$6.16B	$3.32B	$2.42B	$2.34B	$3.11B	$2.43B	$1.49B	$1.29B
Share Repurchases	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$0	$603.00M	$1.37B
Shares Outstanding	2.51B	2.48B	2.45B	2.44B	2.43B	169.00M	n/a	n/a	n/a	n/a	n/a
Weighted Average Diluted Shares	n/a	2.53B	2.45B	2.44B	1.94B	664.00M	672.00M	n/a	n/a	n/a	n/a
EPS (Basic)	n/a	$0.29	-$4.62	-$1.28	-$3.82	$1.55	$1.82	n/a	n/a	n/a	n/a

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