Warner Bros. Discovery, Inc.

Warner Bros. Discovery, Inc.

WBDยทNASDAQ

$27.00

-0.92%
Communication ServicesEntertainment

Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming. The Network segment comprises domestic and international television networks. The DTC segment offers premium pay-tv and streaming services. In addition, the company offers portfolio of content, brands, and franchises across television, film, streaming, and gaming under the Warner Bros. Motion Picture Group, Warner Bros. Television Group, DC, HBO, HBO Max, Max, Discovery Channel, discovery+, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings brands. Further, it provides content through distribution platforms, including linear network, free-to-air, and broadcast television; authenticated GO applications, digital distribution arrangements, content licensing arrangements, and direct-to-consumer subscription products. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$67.69B
EPS0.2900
P/E Ratio93.10
Earnings Date08/06/2026
3Y+10.0%
5Y+250.0%
10Y+474.0%
3Y-110.0%
5Y-40.0%
10Y-39.0%
3Y-
5Y+58.0%
10Y+213.0%
Warner Bros. Discovery, Inc.

Warner Bros. Discovery, Inc. Profit Bridge

WBD ยท NASDAQ
Revenue37.30B
Cost of Goods Sold (26.79B)
Gross Profit10.51B
Operating Expenses (9.20B)
Operating Income1.31B
Interest Expense (2.09B)
Other Income/Expense330.00M
Pretax Income1.64B
Income Tax (890.00M)
Net Income727.00M
Net Income
727.00M

Profitability Analysis

Gross Margin

28.2%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

3.5%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

1.9%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

54.3%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

Warner Bros. Discovery, Inc. Income Statement

WBD โ€ข NASDAQ

Warner Bros. Discovery, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
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
688M
GROSS PROFIT
(26.8B)
(23B)
(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)
(1B)
(1B)
(1B)
(60M)
(454M)
10.5B
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
3B
2.7B
2.4B
2.4B
16M
234M
OPERATING INCOME
(9.2B)
(26.4B)
(18.3B)
(20.7B)
(5.6B)
(4.3B)
(4.3B)
(4.7B)
(3.5B)
(2B)
(2.1B)
(2.1B)
(1.9B)
(1.4B)
(1.2B)
(1.3B)
(1.1B)
(1.4B)
(24M)
(349M)
(9.4B)
(9.3B)
(9.7B)
(9.7B)
(4B)
(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)
(177M)
1.3B
-10B
-1.5B
-7.4B
2B
2.5B
3B
1.9B
713M
2.1B
2B
2.1B
2B
1.9B
1.8B
1.4B
1.3B
1.1B
-8M
-115M
PRE-TAX INCOME
(2.1B)
(2B)
(2.2B)
(1.8B)
(633M)
(692M)
(677M)
(729M)
(475M)
(353M)
(330M)
(328M)
(306M)
(248M)
(208M)
(203M)
(248M)
(258M)
(0.0)
(0.0)
-2.1B
-1.8B
-2B
-1.7B
-615M
-682M
-655M
-714M
-454M
-353M
-330M
-328M
-306M
-248M
-208M
-203M
-248M
-256M
0.0
0.0
-216M
(17.1B)
(8.6B)
(11.1B)
(1.5B)
(1.6B)
(1.5B)
(2.1B)
(1.7B)
(317M)
(397M)
(388M)
(273M)
(123M)
(18M)
(142M)
-48M
(247M)
(2M)
(172M)
330M
-1.4B
-2.3B
-1.6B
-579M
-787M
-715M
-912M
-850M
-387M
-426M
-314M
-239M
-341M
-244M
-442M
-204M
-303M
-7M
112.9M
1.6B
-11.4B
-3.9B
-9B
1.4B
1.7B
2.3B
1B
-137M
1.7B
1.6B
1.7B
1.7B
1.5B
1.6B
935M
1B
754M
-9.2M
-2.1M
NET INCOME
(890M)
(94M)
-784M
-1.7B
(236M)
(373M)
(81M)
(341M)
(176M)
(453M)
(511M)
(610M)
(659M)
(562M)
(425M)
(277M)
(472M)
(352M)
(59.2M)
(43.9M)
727M
-11.3B
-3.1B
-7.4B
1B
1.2B
2.1B
594M
-337M
1.2B
1B
1.1B
1.1B
943M
1.1B
653M
549M
317M
-68M
-46M

SEC Filings

WBD - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 27, 2026
May 26, 2026
2026
8-K

8-K 2026

N/A

May 19, 2026
May 19, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 06, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 06, 2026
May 06, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 29, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 30, 2026
June 09, 2026
2026
8-K

8-K 2026

N/A

April 23, 2026
April 23, 2026
2026
8-K

8-K 2026

N/A

March 16, 2026
March 10, 2026
2026
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 27, 2026
February 27, 2026
2026
Showing 1 to 10 of 478 filings