WBDNasdaqCable & Other Pay Television ServicesFiscal year ends December 31

Warner Bros. Discovery, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026

$30.95+0.01 (+0.03%)

Close on Oct 5, 2026

Market cap: $79.70B
P/E (TTM): –
Dividend yield: –

Warner Bros. Discovery, Inc. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31	FY 2007 2007-12-31
Revenue	37,296	39,321	41,321	33,817	12,191	10,671	11,144	10,553	6,873	6,497	6,394	6,265	5,535	4,487	4,168	3,706	3,458	3,382	76
Cost of Revenue	20,885	22,970	24,526	20,442	4,620	3,860	3,819	3,935	2,656	2,432	2,343	2,124	1,689	1,218	1,176	1,013	1,044	1,002	60
Gross Profit	16,411	16,351	16,795	13,375	7,571	6,811	7,325	6,618	4,217	4,065	4,051	4,141	3,846	3,269	2,992	2,693	2,414	2,380	16
Selling, General & Admin	9,418	9,296	9,696	9,678	4,016	2,722	2,788	2,620	1,768	1,690	1,669	1,692	1,598	1,287	1,171	1,174	1,188	1,075	22
Advertising Expenses	2,104	2,152	2,428	2,519	1,247	412	390	355	162	166	148	145	156	124	132	135	103	145	–
Total Costs & Expenses	36,558	49,353	42,869	41,187	10,179	8,156	8,135	8,619	6,160	4,439	4,409	4,204	3,560	2,628	2,365	2,329	2,184	2,318	84
Operating Income	738	-10,032	-1,548	-7,370	2,012	2,515	3,009	1,934	713	2,058	1,985	2,061	1,975	1,859	1,803	1,377	1,274	1,064	-8.00
Interest Expense	2,085	2,017	2,221	1,777	633	648	677	729	475	353	330	328	306	248	208	203	248	256	0
Interest & Investment Income	206	210	179	67	18	10	22	15	21	0	–	–	–	–	–	–	–	–	–
Income from Equity Investments	-24	-121	-82	-160	-18	-105	-2.00	-63	-211	-38	1.00	23	18	-86	-35	-57	-24	57	–
Other Non-Operating Income	65	150	-29	347	72	-34	-8.00	-120	-110	4.00	-97	-9.00	49	-7.00	3.00	-86	13	-51	8.00
Merger & Restructuring Charges	399	447	585	3,757	32	91	26	750	68	55	29	35	16	6.00	10	14	26	31	0
Asset Impairment Charges	–	9,100	0	0	0	124	155	0	1,327	0	0	0	0	0	20	11	32	30	165
Gain (Loss) on Investments	10	-1.00	37	-105	-6.00	28	-26	-88	0	0	–	–	–	–	–	–	15	0	0
Gain (Loss) on Sale of Assets	–	–	–	–	71	-2.00	0	84	-4.00	63	-17	31	19	-6.00	129	9.00	252	0	1.00
Pretax Income	1,639	-11,388	-3,863	-8,960	1,433	1,728	2,294	1,022	-137	1,671	1,559	1,747	1,736	1,518	1,563	952	1,039	–	–
Income Tax Expense	890	94	-784	-1,663	236	373	81	341	176	453	511	610	659	562	427	293	469	353	56
Income from Continuing Operations	–	–	–	–	–	–	–	–	-313	1,218	1,048	1,137	1,077	956	1,135	642	570	277	86
Income from Discontinued Operations	–	–	–	–	–	–	–	–	–	–	–	0	0	-11	-3.00	10	-6.00	40	-154
Net Income incl. Noncontrolling Interests	749	-11,482	-3,079	-7,297	1,197	1,355	2,213	681	-313	1,218	1,048	1,137	1,077	945	1,133	669	564	444	-68
Minority Interest in Earnings	–	–	–	–	–	–	–	–	–	–	–	–	1.00	2.00	1.00	16	15	127	0
Net Income	727	-11,311	-3,126	-7,371	1,006	1,219	2,069	594	-337	1,194	1,034	1,139	1,075	943	1,132	653	549	317	-68
Net Income to Common	728	-11,314	-3,126	-7,420	912	1,091	1,845	529	-296	1,055	921	902	861	943	1,132	652	541	317	-68
EPS (Basic)(per share)	0.29	-4.62	-1.28	-3.82	1.55	1.82	–	–	–	–	–	–	1.51	1.26	1.41	0.77	0.64	0.50	-0.12
EPS (Diluted)(per share)	0.29	-4.62	-1.28	-3.82	1.54	1.81	–	–	–	–	–	–	1.49	1.24	1.40	0.76	0.64	0.49	-0.12
Shares Outstanding (Basic, Weighted)(shares)	2,475	2,450	2,436	1,940	588	599	–	–	–	–	–	–	714	752	802	850	846	–	–
Shares Outstanding (Diluted, Weighted)(shares)	2,530	2,450	2,436	1,940	664	672	–	–	–	–	–	–	722	760	810	858	850	644	562
EBITDA	6,422	-2,995	6,437	-177	3,594	3,874	4,356	3,332	1,043	2,380	2,315	2,390	2,251	1,976	1,922	1,509	1,429	1,296	60

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 47.2%
Operating margin: -3.5%
Net margin: -8.8%
Return on equity, FY2025: 2.1%

Financial strength

Current ratio: 0.78
Debt to equity: 0.98
Debt to assets: 32.9%
Cash to current liabilities: 20.9%

Valuation

P/E ratio: –
Price to sales: 2.21
Price to book: 2.43
Dividend yield: –