Warner Bros. Discovery, Inc. (WBD) — Financial statements
Income statement, balance sheet, and cash flow for Warner Bros. Discovery, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 37,296↓5.1% | 39,321↓4.8% | 41,321↑22.2% | 33,817↑177.4% | 12,191 | |
| Cost of Revenue | 26,785↑16.6% | 22,970↓6.3% | 24,526↑20.0% | 20,442↑342.5% | 4,620 | |
| Gross Profit | 10,511↓35.7% | 16,351↓2.6% | 16,795↑25.6% | 13,375↑76.7% | 7,571 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 9,418↑1.3% | 9,296↓4.1% | 9,696↑0.2% | 9,678↑141.0% | 4,016 | |
| Other Expenses | -216↓101.3% | 17,087↑97.6% | 8,647↓21.9% | 11,067↑617.2% | 1,543 | |
| Operating Expenses | 9,202↓65.1% | 26,383↑43.8% | 18,343↓11.6% | 20,745↑273.2% | 5,559 | |
| Total Costs & Expenses | 35,987↓27.1% | 49,353↑15.1% | 42,869↑4.1% | 41,187↑304.6% | 10,179 | |
| Operating Results | ||||||
| Operating Income | 1,309↑113.0% | -10,032↓548.1% | -1,548↑79.0% | -7,370↓466.3% | 2,012 | |
| Depreciation & Amortization | 5,684↓72.9% | 20,983↓12.6% | 24,009↑12.4% | 21,354↑320.1% | 5,083 | |
| EBITDA | 9,416↓18.9% | 11,612↓48.1% | 22,367↑57.8% | 14,171↑98.2% | 7,149 | |
| EBIT | 3,732↑139.8% | -9,371↓470.7% | -1,642↑77.1% | -7,183↓447.7% | 2,066 | |
| Interest & Other Income | ||||||
| Net Interest Income | -2,093↓15.8% | -1,807↑11.5% | -2,042↓19.4% | -1,710↓178.0% | -615 | |
| Interest Income | 0.00↓100.0% | 210↑17.3% | 179↑167.2% | 67↑272.2% | 18 | |
| Interest Expense | 2,093↑3.8% | 2,017↓9.2% | 2,221↑25.0% | 1,777↑180.7% | 633 | |
| Non-Operating Income | -2,423↓266.6% | -661↓803.2% | 94↑150.3% | -187↓246.3% | -54 | |
| Other Income / Expenses | 330↑124.3% | -1,356↑41.4% | -2,315↓45.6% | -1,590↓174.6% | -579 | |
| Income Before Tax | 1,639↑114.4% | -11,388↓194.8% | -3,863↑56.9% | -8,960↓725.3% | 1,433 | |
| Income Tax Expense | 890↑846.8% | 94↑112.0% | -784↑52.9% | -1,663↓804.7% | 236 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 749↑106.5% | -11,482↓272.9% | -3,079↑57.8% | -7,297↓709.6% | 1,197 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 727↑106.4% | -11,311↓261.8% | -3,126↑57.6% | -7,371↓832.7% | 1,006 | |
| Bottom-Line Net Income | 727↑106.4% | -11,314↓261.9% | -3,126↑57.9% | -7,420↓826.0% | 1,022 | |
| EPS (Basic) | 0.29↑106.3% | -4.62↓260.9% | -1.28↑66.5% | -3.82↓346.5% | 1.55 | |
| EPS (Diluted) | 0.29↑106.3% | -4.62↓260.9% | -1.28↑66.5% | -3.82↓348.1% | 1.54 | |
| Weighted Average Shares | 2,475↑1.0% | 2,450↑0.6% | 2,436↑25.6% | 1,940↑282.6% | 507 | |
| Weighted Average Diluted Shares | 2,530↑3.3% | 2,450↑0.6% | 2,436↑25.6% | 1,940↑190.4% | 668 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.