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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 8,717 | 8,893 | 9,460 | 9,045 | 9,812 | 8,979 | 10,027 | 9,623 | 9,713 | 9,958 | 10,284 | 9,979 |
| Cost of revenue | 4,621 | 4,601 | 5,119 | 4,528 | 5,967 | 5,096 | 5,457 | 5,036 | 6,204 | 6,058 | 6,000 | 5,118 |
| Gross profit | 4,096 | 4,292 | 4,341 | 4,517 | 3,845 | 3,883 | 4,570 | 4,587 | 3,509 | 3,900 | 4,284 | 4,861 |
| Selling, general and administrative | 2,492 | 2,302 | 2,328 | 2,352 | 2,457 | 2,115 | 2,285 | 2,323 | 2,417 | 2,172 | 2,401 | 2,278 |
| Operating income | 445 | 764 | 698 | 790 | -59.0 | 221 | 642 | 502 | -652 | -160 | -141 | 594 |
| EBIT | 445 | 764 | 698 | 790 | -59.0 | 221 | 642 | 502 | -652 | -160 | -141 | 594 |
| EBITDA | 1,604 | 1,990 | 2,013 | 2,165 | 1,388 | 1,768 | 2,285 | 2,264 | 1,092 | 1,728 | 1,883 | 2,583 |
| Interest expense | 514 | 584 | 587 | 570 | 469 | 470 | 412 | 529 | 522 | 498 | 504 | 564 |
| Pre-tax income | -271 | -3,120 | -408 | 27.0 | 2,454 | -434 | -356 | -178 | -10,035 | -819 | -613 | -532 |
| Income tax | -433 | -214 | -161 | 170 | 866 | 15.0 | 284 | -319 | -7.0 | 136 | -221 | -125 |
| Net income | 149 | -2,916 | -252 | -148 | 1,580 | -453 | -494 | 135 | -9,986 | -966 | -400 | -417 |
| Net income to common shareholders | 149 | -2,916 | -251 | -148 | 1,580 | -453 | -493 | 135 | -9,986 | -970 | -400 | -417 |
| Basic EPS | 0.06 | -1.17 | -0.10 | -0.06 | 0.64 | -0.18 | -0.20 | 0.06 | -4.07 | -0.40 | -0.16 | -0.17 |
| Diluted EPS | 0.06 | -1.17 | -0.10 | -0.06 | 0.63 | -0.18 | -0.20 | 0.05 | -4.07 | -0.40 | -0.16 | -0.17 |
| Average shares (basic) | 2,511 | 2,492 | 2,481 | 2,479 | 2,477 | 2,462 | 2,454 | 2,453 | 2,451 | 2,443 | 2,439 | 2,438 |
| Average shares (diluted) | 2,575 | 2,492 | 2,481 | 2,479 | 2,499 | 2,462 | 2,454 | 2,470 | 2,451 | 2,443 | 2,439 | 2,438 |