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Warner Bros. Discovery, Inc.(WBD)Earnings, Financials & Key Ratios
WBD•NASDAQ
90.3× P/E·Price updated Jun 19, 2026
AboutWarner 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.Show more
- Revenue$37.3B-5.1%
- EBITDA$6.99B-36.1%
- Net Income$727M+106.4%
- EPS (Diluted)0.29+106.3%
- Gross Margin28.18%-32.2%
- EBITDA Margin18.75%-32.7%
- Operating Margin3.51%+113.8%
- Net Margin1.95%+106.8%
- ROE2.02%+107.3%
WBD Key Insights
Warner Bros. Discovery, Inc. (WBD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 28.4%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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WBD Price & Volume
Warner Bros. Discovery, Inc. (WBD) stock price & volume — 10-year historical chart
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WBD Growth Metrics
Warner Bros. Discovery, Inc. (WBD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years19.29%
5 Years28.44%
3 Years3.32%
TTM-2.93%
Profit CAGR
10 Years-3.46%
5 Years-9.82%
3 Years-
TTM80.05%
EPS CAGR
10 Years-15.59%
5 Years-30.67%
3 Years-
TTM84.07%
Return on Capital
10 Years3.14%
5 Years-2.69%
3 Years-3.37%
Last Year1.48%
WBD Recent Earnings
Warner Bros. Discovery, Inc. (WBD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$1.17-975.4%
$0.11
Rev
$8.9B+0.0%
$8.9B
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.10-209.8%
$0.03
Rev
$9.5B+1.2%
$9.4B
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.06+11.6%
$0.07
Rev
$9.0B-1.4%
$9.2B
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.63+362.8%
$0.24
Rev
$9.8B+0.4%
$9.8B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $1.17vs $0.11-975.4% | $8.9Bvs $8.9B+0.0% |
| Q1 2026 | Feb 26, 2026 | $0.10vs $0.03-209.8% | $9.5Bvs $9.4B+1.2% |
| Q4 2025 | Nov 6, 2025 | $0.06vs $0.07+11.6% | $9.0Bvs $9.2B-1.4% |
| Q3 2025 | Aug 7, 2025 | $0.63vs $0.24+362.8% | $9.8Bvs $9.8B+0.4% |
Based on last 12 quarters of dataView full earnings history →
WBD Peer Comparison
Warner Bros. Discovery, Inc. (WBD) competitors in Film and TV Production and Networks — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 DIS | 180.41B | 103.89 | 15.17 | 3.35% | 11.54% | 9.81% | 0.39 | |
 FOXA | 22.9B | 52.23 | 10.64 | 16.6% | 10.56% | 14.58% | 0.60 | |
 NFLX | 327.88B | 77.38 | 30.59 | 15.85% | 24.3% | 41.26% | 0.54 | |
 CMCSA | 81.73B | 22.43 | 4.16 | -0.02% | 14.85% | 19.54% | 1.13 | |
 AMC | 1.73B | 2.83 | -2.30 | 4.57% | -10.88% | |||
 AMZN | 2.63T | 244.39 | 34.09 | 12.38% | 12.22% | 23.34% | 0.37 | |
 AAPL | 4.38T | 298.01 | 39.95 | 6.43% | 27.15% | 146.69% | 1.52 | |
 SIRI | 9.43B | 28.03 | 12.46 | -1.62% | 9.86% | 7.33% | 0.84 |
Compare WBD vs Peers
Warner Bros. Discovery, Inc. (WBD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WBD Income Statement
Warner Bros. Discovery, Inc. (WBD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 6.87B | 10.55B | 11.14B | 10.67B | 12.19B | 33.82B | 41.32B | 39.32B | 37.3B | 37.22B |
Revenue Growth % | 5.79% | 53.54% | 5.6% | -4.24% | 14.24% | 177.39% | 22.19% | -4.84% | -5.15% | -2.93% |
Cost of Goods Sold | 2.66B | 3.94B | 3.82B | 3.86B | 4.62B | 20.44B | 24.53B | 22.97B | 26.79B | 23B |
COGS % of Revenue | 38.64% | 37.29% | 34.27% | 36.17% | 37.9% | 60.45% | 59.35% | 58.42% | 71.82% | - |
Gross Profit | 4.22B▲ 0% | 6.62B▲ 56.9% | 7.33B▲ 10.7% | 6.81B▼ 7.0% | 7.57B▲ 11.2% | 13.38B▲ 76.7% | 16.8B▲ 25.6% | 16.35B▼ 2.6% | 10.51B▼ 35.7% | 14.22B▲ 0% |
Gross Margin % | 61.36% | 62.71% | 65.73% | 63.83% | 62.1% | 39.55% | 40.65% | 41.58% | 28.18% | 38.21% |
Gross Profit Growth % | 3.74% | 56.94% | 10.68% | -7.02% | 11.16% | 76.66% | 25.57% | -2.64% | -35.72% | - |
Operating Expenses | 3.5B | 4.68B | 4.32B | 4.3B | 5.56B | 20.75B | 18.34B | 26.38B | 9.2B | 12.54B |
OpEx % of Revenue | 50.98% | 44.39% | 38.73% | 40.26% | 45.6% | 61.34% | 44.39% | 67.1% | 24.67% | - |
Selling, General & Admin | 1.77B | 2.62B | 2.79B | 2.72B | 4.02B | 9.68B | 9.7B | 9.3B | 9.42B | 9.54B |
SG&A % of Revenue | 25.72% | 24.83% | 25.02% | 25.51% | 32.94% | 28.62% | 23.47% | 23.64% | 25.25% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 1.74B | 2.06B | 1.53B | 1.57B | 1.54B | 11.07B | 8.65B | 17.09B | -216M | 1000K |
Operating Income | 713M▲ 0% | 1.93B▲ 171.2% | 3.01B▲ 55.6% | 2.52B▼ 16.4% | 2.01B▼ 20.0% | -7.37B▼ 466.3% | -1.55B▲ 79.0% | -10.03B▼ 548.1% | 1.31B▲ 113.0% | 1.69B▲ 0% |
Operating Margin % | 10.37% | 18.33% | 27% | 23.57% | 16.5% | -21.79% | -3.75% | -25.51% | 3.51% | 4.53% |
Operating Income Growth % | -65.35% | 171.25% | 55.58% | -16.42% | -20% | -466.3% | 79% | -548.06% | 113.05% | - |
EBITDA | 2.95B | 6.62B | 7.21B | 6.83B | 7.09B | 13.98B | 22.46B | 10.95B | 6.99B | 10.69B |
EBITDA Margin % | 42.97% | 62.73% | 64.69% | 64.01% | 58.2% | 41.35% | 54.36% | 27.85% | 18.75% | 28.72% |
EBITDA Growth % | -28.89% | 124.18% | 8.9% | -5.26% | 3.88% | 97.1% | 60.62% | -51.24% | -36.14% | 5.25% |
D&A (Non-Cash Add-back) | 2.24B | 4.69B | 4.2B | 4.32B | 5.08B | 21.35B | 24.01B | 20.98B | 5.68B | 9.01B |
EBIT | 338M | 1.75B | 2.97B | 2.38B | 2.07B | -7.18B | -1.64B | -9.37B | 3.73B | 4.42B |
Net Interest Income | -454M | -714M | -655M | -682M | -615M | -1.71B | -2.04B | -1.81B | -2.09B | -2.12B |
Interest Income | 21M | 15M | 22M | 10M | 18M | 67M | 179M | 210M | 0 | 81M |
Interest Expense | 475M | 729M | 677M | 692M | 633M | 1.78B | 2.22B | 2.02B | 2.09B | 2.2B |
Other Income/Expense | -850M | -912M | -715M | -787M | -579M | -1.59B | -2.31B | -1.36B | 330M | -2.73B |
Pretax Income | -137M▲ 0% | 1.02B▲ 846.0% | 2.29B▲ 124.5% | 1.73B▼ 24.7% | 1.43B▼ 17.1% | -8.96B▼ 725.3% | -3.86B▲ 56.9% | -11.39B▼ 194.8% | 1.64B▲ 114.4% | -1.05B▲ 0% |
Pretax Margin % | -1.99% | 9.68% | 20.59% | 16.19% | 11.75% | -26.5% | -9.35% | -28.96% | 4.39% | -2.81% |
Income Tax | 176M | 341M | 81M | 373M | 236M | -1.66B | -784M | 94M | 890M | 1.09B |
Effective Tax Rate % | -128.47% | 33.37% | 3.53% | 21.59% | 16.47% | 18.56% | 20.3% | -0.83% | 54.3% | -104.01% |
Net Income | -337M▲ 0% | 594M▲ 276.3% | 2.07B▲ 248.3% | 1.22B▼ 41.1% | 1.01B▼ 17.5% | -7.37B▼ 832.7% | -3.13B▲ 57.6% | -11.31B▼ 261.8% | 727M▲ 106.4% | -2.15B▲ 0% |
Net Margin % | -4.9% | 5.63% | 18.57% | 11.42% | 8.25% | -21.8% | -7.57% | -28.77% | 1.95% | -5.79% |
Net Income Growth % | -128.22% | 276.26% | 248.32% | -41.08% | -17.47% | -832.7% | 57.59% | -261.84% | 106.43% | 80.05% |
Net Income (Continuing) | -313M | 681M | 2.21B | 1.35B | 1.2B | -7.3B | -3.08B | -11.48B | 749M | -2.14B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 413M | 2.13B | 2.08B | 1.92B | 1.8B | 1.57B | 1.25B | 901M | 1.25B | 1.13B |
EPS (Diluted) | -0.59▲ 0% | 0.86▲ 245.8% | 2.86▲ 232.6% | 1.81▼ 36.7% | 1.54▼ 14.9% | -3.82▼ 348.1% | -1.28▲ 66.5% | -4.62▼ 260.9% | 0.29▲ 106.3% | -0.86▲ 0% |
EPS Growth % | -130.1% | 245.76% | 232.56% | -36.71% | -14.92% | -348.05% | 66.49% | -260.94% | 106.28% | 84.07% |
EPS (Basic) | -0.59 | 0.86 | 2.90 | 1.82 | 1.55 | -3.82 | -1.28 | -4.62 | 0.29 | - |
Diluted Shares Outstanding | 576M | 688M | 717M | 677M | 668M | 1.94B | 2.44B | 2.45B | 2.53B | 2.49B |
Basic Shares Outstanding | 384M | 688M | 535M | 510M | 507M | 1.94B | 2.44B | 2.45B | 2.48B | 2.49B |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
WBD Balance Sheet
Warner Bros. Discovery, Inc. (WBD) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 9.99B | 4.23B | 5.22B | 6.13B | 7.26B | 14B | 14.22B | 14.08B | 13.21B | 11.74B |
Cash & Short-Term Investments | 7.31B | 986M | 1.55B | 2.09B | 3.9B | 3.73B | 3.78B | 5.31B | 4.57B | 3.26B |
Cash Only | 7.31B | 986M | 1.55B | 2.09B | 3.9B | 3.73B | 3.78B | 5.31B | 4.57B | 3.26B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 1.84B | 2.62B | 2.63B | 2.54B | 2.45B | 7.61B | 7.31B | 5.93B | 5.29B | 5.01B |
Days Sales Outstanding | 97.61 | 90.62 | 86.24 | 86.78 | 73.23 | 82.15 | 64.59 | 55.01 | 51.81 | 51.03 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
Other Current Assets | 410M | 313M | 579M | 532M | 245M | 2.11B | 2.28B | 2.06B | 3.35B | 3.47B |
Total Non-Current Assets | 12.56B | 28.32B | 28.52B | 27.96B | 27.16B | 120B | 108.54B | 90.48B | 86.88B | 86.1B |
Property, Plant & Equipment | 597M | 800M | 951M | 1.21B | 1.34B | 5.3B | 5.96B | 6.09B | 6.68B | 6.64B |
Fixed Asset Turnover | 11.51x | 13.19x | 11.72x | 8.85x | 9.13x | 6.38x | 6.94x | 6.46x | 5.58x | 5.67x |
Goodwill | 7.07B | 13.01B | 13.05B | 13.07B | 12.91B | 34.44B | 34.97B | 25.67B | 25.93B | 25.87B |
Intangible Assets | 3.98B | 12.74B | 11.8B | 11.08B | 10.15B | 71.63B | 59.51B | 51.4B | 27.76B | 26.8B |
Long-Term Investments | 335M | 935M | 568M | 507M | 543M | 0 | 0 | 0 | 0 | 2.92B |
Other Non-Current Assets | 576M | 835M | 2.15B | 2.1B | 2.22B | 8.63B | 8.1B | 7.33B | 26.5B | 26.78B |
Total Assets | 22.55B▲ 0% | 32.55B▲ 44.3% | 33.73B▲ 3.6% | 34.09B▲ 1.0% | 34.43B▲ 1.0% | 134B▲ 289.2% | 122.76B▼ 8.4% | 104.56B▼ 14.8% | 100.08B▼ 4.3% | 97.84B▲ 0% |
Asset Turnover | 0.30x | 0.32x | 0.33x | 0.31x | 0.35x | 0.25x | 0.34x | 0.38x | 0.37x | 0.37x |
Asset Growth % | 43.92% | 44.31% | 3.64% | 1.04% | 1% | 289.23% | -8.39% | -14.82% | -4.28% | -19.36% |
Total Current Liabilities | 1.87B | 4B | 3.24B | 3.08B | 3.46B | 15.02B | 15.33B | 15.81B | 12.5B | 16.11B |
Accounts Payable | 277M | 325M | 463M | 397M | 412M | 1.45B | 1.26B | 1.05B | 1.09B | 1.11B |
Days Payables Outstanding | 38.07 | 30.15 | 44.25 | 37.54 | 32.55 | 25.96 | 18.75 | 16.76 | 14.89 | 17.3 |
Short-Term Debt | 30M | 1.82B | 609M | 335M | 339M | 365M | 1.78B | 2.75B | 139M | 1.49B |
Deferred Revenue (Current) | 255M | 249M | 489M | 557M | 478M | 1.69B | 1.92B | 1.57B | 1.64B | 6.41B |
Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.63B | 11.92B |
Current Ratio | 5.34x | 1.06x | 1.61x | 1.99x | 2.10x | 0.93x | 0.93x | 0.89x | 1.06x | 0.73x |
Quick Ratio | 5.34x | 1.06x | 1.61x | 1.99x | 2.10x | 0.93x | 0.93x | 0.89x | 1.06x | 0.73x |
Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | 33.73 |
Total Non-Current Liabilities | 15.66B | 18.04B | 18.53B | 18.62B | 17.57B | 70.32B | 60.95B | 53.81B | 50.42B | 48.02B |
Long-Term Debt | 14.76B | 14.97B | 14.81B | 15.07B | 14.42B | 48.63B | 41.89B | 36.76B | 32.43B | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities | 319M | 1.81B | 1.69B | 1.53B | 1.23B | 11.01B | 8.74B | 6.99B | 6.38B | 25.46B |
Other Non-Current Liabilities | 587M | 1.25B | 2.03B | 2.02B | 1.93B | 10.67B | 10.33B | 10.07B | 11.61B | 42.14B |
Total Liabilities | 17.53B | 22.03B | 21.77B | 21.7B | 21.03B | 85.33B | 76.28B | 69.62B | 62.92B | 64.13B |
Total Debt | 14.79B | 16.79B | 15.42B | 15.4B | 14.76B | 49B | 43.67B | 39.51B | 32.57B | 1.49B |
Net Debt | 7.48B | 15.81B | 13.87B | 13.31B | 10.85B | 45.27B | 39.89B | 34.19B | 28B | -1.77B |
Debt / Equity | 2.94x | 1.60x | 1.29x | 1.24x | 1.10x | 1.01x | 0.94x | 1.13x | 0.88x | 0.04x |
Debt / EBITDA | 5.01x | 2.54x | 2.14x | 2.26x | 2.08x | 3.50x | 1.94x | 3.61x | 4.66x | 0.14x |
Net Debt / EBITDA | 2.53x | 2.39x | 1.92x | 1.95x | 1.53x | 3.24x | 1.78x | 3.12x | 4.00x | -0.17x |
Interest Coverage | 0.71x | 2.40x | 4.39x | 3.43x | 3.26x | -4.04x | -0.74x | -4.65x | 1.78x | 2.00x |
Total Equity | 5.02B▲ 0% | 10.52B▲ 109.4% | 11.97B▲ 13.8% | 12.38B▲ 3.5% | 13.4B▲ 8.2% | 48.67B▲ 263.3% | 46.47B▼ 4.5% | 34.94B▼ 24.8% | 37.17B▲ 6.4% | 33.71B▲ 0% |
Equity Growth % | -7.15% | 109.38% | 13.78% | 3.48% | 8.18% | 263.3% | -4.51% | -24.82% | 6.38% | 10.79% |
Book Value per Share | 8.72 | 15.29 | 16.69 | 18.29 | 20.05 | 25.09 | 19.08 | 14.26 | 14.69 | 13.53 |
Total Shareholders' Equity | 4.61B | 8.39B | 9.89B | 10.46B | 11.6B | 47.09B | 45.23B | 34.04B | 35.92B | 32.58B |
Common Stock | 5M | 7M | 7M | 7M | 7M | 27M | 27M | 27M | 27M | 27M |
Retained Earnings | 4.63B | 5.25B | 7.33B | 8.54B | 9.58B | 2.21B | -928M | -12.24B | -11.51B | -14.43B |
Treasury Stock | -6.74B | -6.74B | -7.37B | -8.24B | -8.24B | -8.24B | -8.24B | -8.24B | -8.24B | 0 |
Accumulated OCI | -585M | -785M | -822M | -651M | -830M | -1.52B | -741M | -1.07B | -407M | -642M |
Minority Interest | 413M | 2.13B | 2.08B | 1.92B | 1.8B | 1.57B | 1.25B | 901M | 1.25B | 1.13B |
WBD Cash Flow Statement
Warner Bros. Discovery, Inc. (WBD) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.63B | 2.58B | 3.4B | 2.74B | 2.8B | 4.3B | 7.48B | 5.38B | 4.32B | 3.56B |
Operating CF Margin % | 23.7% | 24.41% | 30.5% | 25.67% | 22.95% | 12.73% | 18.09% | 13.67% | 11.58% | - |
Operating CF Growth % | 18.04% | 58.13% | 31.95% | -19.42% | 2.15% | 53.82% | 73.72% | -28.11% | -19.65% | -175.53% |
Net Income | -313M | 681M | 2.21B | 1.35B | 1.2B | -7.3B | -3.08B | -11.48B | 727M | -2.15B |
Depreciation & Amortization | 2.24B | 4.69B | 4.2B | 4.32B | 5.08B | 21.35B | 24.01B | 20.98B | 5.68B | 11.31B |
Stock-Based Compensation | 39M | 80M | 142M | 110M | 178M | 412M | 500M | 557M | 0 | 417M |
Deferred Taxes | -199M | -131M | -504M | -186M | -511M | -2.84B | -2.34B | -1.73B | -710M | -911M |
Other Non-Cash Items | 1.76B | 180M | 321M | 244M | 88M | 3.66B | 380M | 9.18B | 9.92B | 5.76B |
Working Capital Changes | -1.9B | -2.92B | -2.97B | -3.1B | -3.24B | -10.98B | -11.99B | -12.13B | -11.3B | -11.29B |
Change in Receivables | -238M | -84M | -7M | 105M | 47M | 181M | 312M | 1.01B | -336M | -378M |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 265M | -74M | 122M | -131M | 185M | 1.53B | -820M | -529M | 0 | -409M |
Cash from Investing | -633M | -8.59B | -438M | -703M | -56M | 3.52B | -1.26B | -349M | -546M | -1.27B |
Capital Expenditures | -135M | -147M | -289M | -402M | -373M | -987M | -1.32B | -948M | -1.23B | -1.25B |
CapEx % of Revenue | 1.96% | 1.39% | 2.59% | 3.77% | 3.06% | 2.92% | 3.18% | 2.41% | 3.3% | 3.35% |
Acquisitions | -475M | -8.52B | -327M | -220M | -186M | 3.44B | -162M | -109M | 0 | -83M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 522M | 73M | -1M | 15M | 93M | 9M | 98M | 31M | 731M | 50M |
Cash from Financing | 5.95B | -283M | -2.36B | -1.55B | -853M | -7.74B | -5.84B | -3.75B | -4.87B | -3.1B |
Debt Issued (Net) | 6.68B | -216M | -1.4B | -214M | -574M | -7.32B | -5.37B | -3.43B | -4.56B | -2.53B |
Equity Issued (Net) | -603M | 0 | -633M | -969M | 0 | 0 | 0 | 0 | 0 | 0 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | -603M | 0 | -633M | -969M | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | -126M | -67M | -320M | -366M | -279M | -425M | -466M | -323M | -313M | -567M |
Net Change in Cash | 7.01B▲ 0% | -6.32B▼ 190.2% | 566M▲ 109.0% | 570M▲ 0.7% | 1.78B▲ 212.8% | 25M▼ 98.6% | 389M▲ 1456.0% | 1.1B▲ 182.0% | -850M▼ 177.5% | -398M▲ 0% |
Free Cash Flow | 1.49B▲ 0% | 2.43B▲ 62.6% | 3.11B▲ 28.0% | 2.34B▼ 24.9% | 2.42B▲ 3.8% | 3.32B▲ 36.8% | 6.16B▲ 85.7% | 4.43B▼ 28.1% | 3.09B▼ 30.2% | 2.31B▲ 0% |
FCF Margin % | 21.74% | 23.02% | 27.91% | 21.9% | 19.89% | 9.81% | 14.91% | 11.26% | 8.28% | 6.21% |
FCF Growth % | 15.63% | 62.58% | 28.04% | -24.86% | 3.77% | 36.78% | 85.74% | -28.14% | -30.25% | -46.76% |
FCF per Share | 2.59 | 3.53 | 4.34 | 3.45 | 3.63 | 1.71 | 2.53 | 1.81 | 1.22 | 0.93 |
FCF Conversion (FCF/Net Income) | -4.83x | 4.34x | 1.64x | 2.25x | 2.78x | -0.58x | -2.39x | -0.48x | 5.94x | -1.07x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
WBD Key Ratios
Warner Bros. Discovery, Inc. (WBD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -6.46% | 7.64% | 18.4% | 10.01% | 7.8% | -23.75% | -6.57% | -27.79% | 2.02% | -5.92% |
Return on Invested Capital (ROIC) | 4.19% | 7.47% | 8.65% | 7.32% | 6.04% | -9.35% | -1.29% | -9.68% | 1.46% | 2.19% |
Gross Margin | 61.36% | 62.71% | 65.73% | 63.83% | 62.1% | 39.55% | 40.65% | 41.58% | 28.18% | 38.21% |
Net Margin | -4.9% | 5.63% | 18.57% | 11.42% | 8.25% | -21.8% | -7.57% | -28.77% | 1.95% | -5.79% |
Debt / Equity | 2.94x | 1.60x | 1.29x | 1.24x | 1.10x | 1.01x | 0.94x | 1.13x | 0.88x | 0.04x |
Interest Coverage | 0.71x | 2.40x | 4.39x | 3.43x | 3.26x | -4.04x | -0.74x | -4.65x | 1.78x | 2.00x |
FCF Conversion | -4.83x | 4.34x | 1.64x | 2.25x | 2.78x | -0.58x | -2.39x | -0.48x | 5.94x | -1.07x |
Revenue Growth | 5.79% | 53.54% | 5.6% | -4.24% | 14.24% | 177.39% | 22.19% | -4.84% | -5.15% | -2.93% |
Related:WBD Dividend History·WBD Revenue History·WBD Price History·WBD P/E History·WBD Financial Ratios·WBD Institutional Holders
WBD SEC Filings & Documents
Warner Bros. Discovery, Inc. (WBD) SEC filings — annual & quarterly reports (10-K, 10-Q)
WBD Frequently Asked Questions
Warner Bros. Discovery, Inc. (WBD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Warner Bros. Discovery, Inc. (WBD) reported $37.22B in revenue for fiscal year 2025. This represents a 7254% increase from $506.1M in 2003.
Warner Bros. Discovery, Inc. (WBD) saw revenue decline by 5.1% over the past year.
Warner Bros. Discovery, Inc. (WBD) reported a net loss of $2.15B for fiscal year 2025.
Dividend & Returns
Warner Bros. Discovery, Inc. (WBD) has a return on equity (ROE) of 2.0%. This is below average, suggesting room for improvement.
Warner Bros. Discovery, Inc. (WBD) generated $2.31B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.