WBD
Warner Bros Discovery Inc
NASDAQ: WBD · COMMUNICATION SERVICES · ENTERTAINMENT
$27.05
+0.37% today
Updated 2026-04-29
Market cap
$67.86B
P/E ratio
93.34
P/S ratio
1.82x
EPS (TTM)
$0.29
Dividend yield
—
52W range
$8 – $30
Volume
24.9M
Warner Bros Discovery Inc (WBD) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $688.00M | $76.00M | $3.44B | $3.46B | $3.71B | $4.17B | $4.49B | $5.54B | $6.26B | $6.39B | $6.50B | $6.87B | $10.55B | $11.14B | $10.67B | $12.19B | $33.82B | $41.32B | $39.32B | $37.30B |
| Revenue growth (YoY) | — | -89.0% | +4430.3% | +0.4% | +7.2% | +12.5% | +7.7% | +23.4% | +13.2% | +2.1% | +1.6% | +5.8% | +53.5% | +5.6% | -4.2% | +14.2% | +177.4% | +22.2% | -4.8% | -5.1% |
| Cost of revenue | $454.00M | $60.00M | $1.02B | $1.04B | $1.01B | $1.18B | $1.22B | $1.69B | $2.12B | $2.34B | $2.43B | $2.66B | $3.94B | $3.82B | $3.86B | $4.62B | $20.44B | $24.53B | $22.97B | $26.79B |
| Gross profit | $234.00M | $16.00M | $2.42B | $2.41B | $2.69B | $2.99B | $3.27B | $3.85B | $4.14B | $4.05B | $4.07B | $4.22B | $6.62B | $7.33B | $6.81B | $7.57B | $13.38B | $16.80B | $16.35B | $10.51B |
| Gross margin | 34.0% | 21.1% | 70.3% | 69.8% | 72.7% | 71.8% | 72.9% | 69.5% | 66.1% | 63.4% | 62.6% | 61.4% | 62.7% | 65.7% | 63.8% | 62.1% | 39.6% | 40.6% | 41.6% | 28.2% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | — | — | $281.00M | $181.00M | $460.00M | $669.00M | $746.00M | $1.16B | $1.40B | $1.33B | $1.28B | $1.30B | $2.89B | $3.26B | $2.86B | $2.20B | $1.15B | $996.00M | $6.92B | $9.42B |
| Operating income | $-115.00M | $-8.00M | $1.06B | $1.27B | $1.38B | $1.80B | $1.86B | $1.98B | $2.06B | $1.99B | $2.06B | $713.00M | $1.93B | $3.01B | $2.52B | $2.01B | $-7.37B | $-1.55B | $-10.03B | $1.31B |
| Operating margin | -16.7% | -10.5% | 30.7% | 36.8% | 37.2% | 43.3% | 41.4% | 35.7% | 32.9% | 31.0% | 31.7% | 10.4% | 18.3% | 27.0% | 23.6% | 16.5% | -21.8% | -3.7% | -25.5% | 3.5% |
| EBITDA | $-35.00M | $60.00M | $1.35B | $1.44B | $2.00B | $2.74B | $2.75B | $3.51B | $3.96B | $3.93B | $4.12B | $2.58B | $6.44B | $7.17B | $6.69B | $7.15B | $14.17B | $22.37B | $11.61B | $9.42B |
| EBITDA margin | -5.1% | 78.9% | 39.2% | 41.7% | 54.0% | 65.6% | 61.2% | 63.4% | 63.2% | 61.4% | 63.4% | 37.5% | 61.0% | 64.3% | 62.7% | 58.6% | 41.9% | 54.1% | 29.5% | 25.2% |
| EBIT | $-103.00M | $-8.00M | $1.12B | $1.29B | $1.16B | $1.77B | $1.77B | $2.04B | $2.08B | $1.89B | $2.02B | $338.00M | $1.75B | $2.97B | $2.38B | $2.07B | $-7.18B | $-1.64B | $-9.37B | $3.73B |
| Interest expense | — | — | $258.00M | $248.00M | $203.00M | $208.00M | $248.00M | $306.00M | $328.00M | $330.00M | $353.00M | $475.00M | $729.00M | $677.00M | $692.00M | $633.00M | $1.78B | $2.22B | $2.02B | $2.09B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-46.00M | $-68.00M | $317.00M | $549.00M | $653.00M | $1.13B | $943.00M | $1.07B | $1.14B | $1.03B | $1.19B | $-337.00M | $594.00M | $2.07B | $1.22B | $1.01B | $-7.37B | $-3.13B | $-11.31B | $727.00M |
| Net income growth (YoY) | — | -47.8% | +566.2% | +73.2% | +18.9% | +73.4% | -16.7% | +14.0% | +6.0% | -9.2% | +15.5% | -128.2% | +276.3% | +248.3% | -41.1% | -17.5% | -832.7% | +57.6% | -261.8% | +106.4% |
| Profit margin | -6.7% | -89.5% | 9.2% | 15.9% | 17.6% | 27.2% | 21.0% | 19.4% | 18.2% | 16.2% | 18.4% | -4.9% | 5.6% | 18.6% | 11.4% | 8.3% | -21.8% | -7.6% | -28.8% | 1.9% |