Warner Bros. Discovery
$30.94Change from previous close: −0.03%Absolute change: −$0.01
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.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 848 | -208 | 1,804 | 979 | 983 | 553 | 2,715 | 847 | 1,228 | 585 | 3,578 | 2,516 |
| Depreciation and amortization | 1,159 | 1,226 | 1,315 | 1,375 | 1,447 | 1,547 | 1,643 | 1,762 | 1,744 | 1,888 | 2,024 | 1,989 |
| Capital expenditure | -276 | -268 | -421 | -278 | -281 | -251 | -286 | -215 | -252 | -195 | -268 | -457 |
| Investing cash flow | -217 | -282 | -418 | -330 | -236 | -195 | 6.0 | -218 | 70.0 | -207 | -234 | -458 |
| Financing cash flow | -517 | -756 | -1,117 | -1,237 | 9.0 | -1,895 | -600 | -875 | -1,037 | -1,237 | -1,529 | -2,625 |
| Debt issued | 15,781 | 261 | 677 | 3.0 | 19,659 | 2,195 | 0.0 | 2,598 | 11,022 | 2,200 | 909 | 1,695 |
| Debt repaid | -16,354 | -400 | -1,880 | -1,260 | -19,695 | -4,360 | -635 | -3,445 | -12,061 | -3,247 | -2,102 | -4,110 |
| Effect of exchange rates | -9.0 | -56.0 | 3.0 | -5.0 | 161 | 95.0 | -195 | 119 | -30.0 | -74.0 | 74.0 | -80.0 |
| Net change in cash | 105 | -1,302 | 272 | -593 | 917 | -1,442 | 1,926 | -127 | 231 | -933 | 1,889 | -647 |
| Free cash flow | 572 | -476 | 1,383 | 701 | 702 | 302 | 2,429 | 632 | 976 | 390 | 3,310 | 2,059 |
| Levered free cash flow | 2,902 | 6,538 | 3,866 | 2,844 | 5,183 | 4,103 | 5,034 | 3,825 | 6,439 | 5,048 | 4,854 | 4,376 |