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. revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Global Linear Networks | $17.66B | $20.18B | $21.24B | – | – | – | – | – | – | – | 47.3% | -12.5% |
| Studios | $12.62B | $11.61B | $12.19B | $9.73B | $20.00M | $12.00M | – | – | – | – | 33.8% | +8.7% |
| Streaming | $10.88B | $10.31B | $10.15B | – | – | – | – | – | – | – | 29.2% | +5.5% |
| U.S. Networks | – | – | – | – | $7.66B | $6.95B | $7.09B | $6.35B | $3.43B | $3.29B | – | – |
| International Networks | – | – | – | – | $4.54B | $3.71B | $4.04B | $4.15B | $3.28B | $3.04B | – | – |
| Other | – | – | – | – | – | – | $11.00M | $54.00M | $158.00M | $174.00M | – | – |
| Corporate Intersegment Eliminations [Member] | – | – | – | – | – | – | – | – | $0 | -$2.00M | – | – |
| Non-U.S [Member] | – | – | – | – | – | – | – | – | $3.31B | $3.09B | – | – |
| U.S. [Member] | – | – | – | – | – | – | – | – | $3.56B | $3.41B | – | – |
| Corporate, inter-segment eliminations and other | – | – | – | – | -$10.00M | $9.00M | $11.00M | $54.00M | – | – | – | – |
| DTC | – | $10.31B | $10.15B | $7.27B | $860.00M | $220.00M | – | – | – | – | – | – |
| Networks | – | $20.18B | $21.24B | $19.35B | $11.31B | $10.44B | – | – | – | – | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Distribution | $19.26B | $19.70B | $20.24B | $16.14B | $5.20B | $4.69B | $4.84B | $4.54B | – | – | 51.6% | -2.2% |
| Content | $9.65B | $10.30B | $11.20B | $8.36B | $737.00M | $355.00M | – | – | – | – | 25.9% | -6.3% |
| Advertising | $7.31B | $8.09B | $8.70B | $8.52B | $6.19B | $5.57B | $6.04B | $5.51B | $3.07B | $2.97B | 19.6% | -9.7% |
| Other | $1.08B | $1.23B | $1.18B | $791.00M | $58.00M | $58.00M | $265.00M | $501.00M | $326.00M | $314.00M | 2.9% | -12.3% |
| Other | $1.08B | $1.23B | $1.18B | $791.00M | $58.00M | $58.00M | – | – | – | – | 2.9% | -12.3% |
| Distribution | – | – | – | – | $5.41B | $4.87B | $4.84B | $4.54B | $3.47B | $3.21B | – | – |
| Other | – | – | – | – | $567.00M | $222.00M | $265.00M | $501.00M | $326.00M | $314.00M | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S. [Member] | $24.95B | $26.43B | $28.00B | $22.70B | $7.73B | $7.03B | $7.15B | $6.42B | $3.56B | $3.41B | 66.9% | -5.6% |
| Non-U.S. | $12.35B | $12.89B | $13.32B | $11.12B | $4.46B | $3.65B | $3.99B | $4.14B | $3.31B | $3.09B | 33.1% | -4.2% |
From the segment and revenue-disaggregation notes of Warner Bros. Discovery's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.