Warner Bros. Discovery

WBD · NASDAQ · USD

$30.94−0.03%−$0.01

Close · October 2, 2026

At a glance

Revenue growth: −5.15%; 2025 vs 2024
Net margin: 1.9%; 2024: -28.8%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	100,085	104,560	122,757	134,001	34,427	34,087	33,735	32,550	22,555	15,672
Current assets	13,206	14,078	14,218	13,999	7,264	6,130	5,217	4,231	9,991	2,502
Cash and equivalents	4,566	5,312	3,780	3,731	3,905	2,091	1,552	986	7,309	300
Short-term investments	17.0	17.0	17.0	10.0	40.0	32.0	—	13.0	182	—
Receivables	4,136	3,887	4,532	4,596	2,446	2,537	2,633	2,620	1,838	1,495
Net property, plant and equipment	8,082	7,214	7,730	7,541	1,500	1,533	1,388	664	511	386
Goodwill	25,933	25,667	34,969	34,438	12,912	13,070	13,050	13,006	7,073	8,040
Other intangible assets	48,230	52,647	60,815	72,583	10,520	11,327	11,972	12,879	4,069	3,697
Long-term investments	1,250	1,331	1,470	1,578	1,145	1,113	1,171	1,549	712	866
Current liabilities	12,500	15,810	15,332	15,017	3,459	3,082	3,239	3,997	1,871	1,561
Accounts payable	1,093	1,055	1,260	1,454	412	397	463	325	277	241
Long-term debt	32,428	36,757	41,894	48,634	14,425	15,158	14,810	14,974	14,755	7,841
Total debt	36,761	43,006	47,290	52,602	15,648	16,397	16,372	17,045	14,785	7,875
Total liabilities	62,919	69,622	76,285	85,334	21,031	21,704	21,769	22,033	17,532	10,262
Total equity (incl. minority)	37,166	34,938	46,472	48,667	13,396	12,383	11,966	10,517	5,023	5,410
Retained earnings	-11,512	-12,239	-928	2,205	9,580	8,543	7,333	5,254	4,632	5,232
Minority interest	1,247	901	1,246	1,572	1,797	1,919	2,075	2,131	413	243