Warner Bros. Discovery, Inc.(WBD)Earnings, Financials & Key Ratios

WBD•NASDAQ

$27.24

$73.77B mkt cap·Price updated May 6, 2026

SectorCommunication Services IndustryEntertainment Sub-IndustryFilm and TV Production and Networks

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$39.32B-4.8%
EBITDA$10.95B-51.2%
Net Income-$11.31B-261.8%
EPS (Diluted)-4.62-260.9%
Gross Margin41.58%+2.3%
EBITDA Margin27.85%-48.8%
Operating Margin-25.51%-581.0%
Net Margin-28.77%-280.2%
ROE-27.79%-322.9%
ROIC-9.68%-651.4%
Debt/Equity1.13+20.3%
Interest Coverage-4.97-613.6%

Analysis→Technical→

WBD Key Insights

Warner Bros. Discovery, Inc. (WBD) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Momentum leader: RS Rating 82 (top 18%)
✓Strong 5Y sales CAGR of 28.7%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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 Years20.16%

5 Years28.68%

3 Years47.75%

TTM-4.33%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM104.32%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM104.15%

Return on Capital

10 Years4.42%

5 Years-1.35%

3 Years-7.14%

Last Year-10.23%

WBD Recent Earnings

Warner Bros. Discovery, Inc. (WBD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 3/12 qtrs (25%)●Beat Revenue 2/12 qtrs (17%)

Q1 2026Latest

Feb 26, 2026

EPS

$0.10

Est $0.03

-209.8%

Revenue

$9.5B

Est $9.4B

+1.2%

Q4 2025

Nov 6, 2025

EPS

$0.06

Est $0.07

+11.6%

Revenue

$9.0B

Est $9.2B

-1.4%

Q3 2025

Aug 7, 2025

EPS

$0.63

Est $0.24

+362.8%

Revenue

$9.8B

Est $9.8B

+0.4%

Q2 2025

May 8, 2025

EPS

$0.18

Est $0.17

-3.8%

Revenue

$9.0B

Est $9.6B

-6.4%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	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%
Q2 2025	May 8, 2025	$0.18vs $0.17-3.8%	$9.0Bvs $9.6B-6.4%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
DISThe Walt Disney CompanyDirect Competitor	179.96B	100.48	14.67	3.35%	12.8%	10.75%	5.6%	0.39
FOXAFox CorporationDirect Competitor	13.94B	62.23	12.67	16.6%	11.41%	17%	21.47%	0.60
NFLXNetflix, Inc.Direct Competitor	372.42B	87.89	34.74	15.85%	24.3%	41.26%	2.54%	0.54
CMCSAComcast CorporationDirect Competitor	96.42B	26.46	4.91	-0.02%	14.85%	19.54%	22.71%	1.13
AMCAMC Entertainment Holdings, Inc.Product Competitor	973.19M	1.59	-1.29	4.57%	-10.88%
AMZNAmazon.com, Inc.Product Competitor	2.94T	273.52	38.15	12.38%	12.22%	23.34%	0.26%	0.37
AAPLApple Inc.Product Competitor	4.17T	284.18	38.09	6.43%	27.15%	146.69%	2.37%	1.52
SIRISirius XM Holdings Inc.Product Competitor	8.88B	26.40	11.73	-1.62%	9.86%	7.33%	14.01%	0.84

Compare WBD vs Peers

Warner Bros. Discovery, Inc. (WBD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DIS

Most directly comparable listed peer for WBD.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare WBD against a more recognizable public peer.

Peer Set

Compare Top 5

vs DIS, FOXA, NFLX, CMCSA

WBD Income Statement

Warner Bros. Discovery, Inc. (WBD) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Sales/Revenue	6.5B	6.87B	10.55B	11.14B	10.67B	12.19B	33.82B	41.32B	39.32B	37.86B
Revenue Growth %	1.61%	5.79%	53.54%	5.6%	-4.24%	14.24%	177.39%	22.19%	-4.84%	-4.33%
Cost of Goods Sold	2.43B	2.66B	3.94B	3.82B	3.86B	4.62B	20.44B	24.53B	22.97B	21.19B
COGS % of Revenue	37.43%	38.64%	37.29%	34.27%	36.17%	37.9%	60.45%	59.35%	58.42%	-
Gross Profit	4.07B▲ 0%	4.22B▲ 3.7%	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%	16.67B▲ 0%
Gross Margin %	62.57%	61.36%	62.71%	65.73%	63.83%	62.1%	39.55%	40.65%	41.58%	44.04%
Gross Profit Growth %	0.35%	3.74%	56.94%	10.68%	-7.02%	11.16%	76.66%	25.57%	-2.64%	-
Operating Expenses	2.01B	3.5B	4.68B	4.32B	4.3B	5.56B	20.75B	18.34B	26.38B	16.12B
OpEx % of Revenue	30.89%	50.98%	44.39%	38.73%	40.26%	45.6%	61.34%	44.39%	67.1%	-
Selling, General & Admin	1.69B	1.77B	2.62B	2.79B	2.72B	4.02B	9.68B	9.7B	9.3B	9.25B
SG&A % of Revenue	26.01%	25.72%	24.83%	25.02%	25.51%	32.94%	28.62%	23.47%	23.64%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	317M	1.74B	2.06B	1.53B	1.57B	1.54B	11.07B	8.65B	17.09B	4M
Operating Income	2.06B▲ 0%	713M▼ 65.4%	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%	551M▲ 0%
Operating Margin %	31.68%	10.37%	18.33%	27%	23.57%	16.5%	-21.79%	-3.75%	-25.51%	1.46%
Operating Income Growth %	3.68%	-65.35%	171.25%	55.58%	-16.42%	-20%	-466.3%	79%	-548.06%	-
EBITDA	4.15B	2.95B	6.62B	7.21B	6.83B	7.09B	13.98B	22.46B	10.95B	16.42B
EBITDA Margin %	63.92%	42.97%	62.73%	64.69%	64.01%	58.2%	41.35%	54.36%	27.85%	43.36%
EBITDA Growth %	3.21%	-28.89%	124.18%	8.9%	-5.26%	3.88%	97.1%	60.62%	-51.24%	44.04%
D&A (Non-Cash Add-back)	2.1B	2.24B	4.69B	4.2B	4.32B	5.08B	21.35B	24.01B	20.98B	15.87B
EBIT	2.02B	338M	1.75B	2.97B	2.38B	2.07B	-7.18B	-1.64B	-9.37B	3.68B
Net Interest Income	-353M	-454M	-714M	-655M	-682M	-615M	-1.71B	-2.04B	-1.81B	-1.83B
Interest Income	0	21M	15M	22M	10M	18M	67M	179M	210M	161M
Interest Expense	353M	475M	729M	677M	692M	633M	1.78B	2.22B	2.02B	1.99B
Other Income/Expense	-387M	-850M	-912M	-715M	-787M	-579M	-1.59B	-2.31B	-1.36B	1.14B
Pretax Income	1.67B▲ 0%	-137M▼ 108.2%	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%	1.69B▲ 0%
Pretax Margin %	25.72%	-1.99%	9.68%	20.59%	16.19%	11.75%	-26.5%	-9.35%	-28.96%	4.47%
Income Tax	453M	176M	341M	81M	373M	236M	-1.66B	-784M	94M	1.33B
Effective Tax Rate %	27.11%	-128.47%	33.37%	3.53%	21.59%	16.47%	18.56%	20.3%	-0.83%	78.95%
Net Income	1.19B▲ 0%	-337M▼ 128.2%	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%	485M▲ 0%
Net Margin %	18.38%	-4.9%	5.63%	18.57%	11.42%	8.25%	-21.8%	-7.57%	-28.77%	1.28%
Net Income Growth %	15.47%	-128.22%	276.26%	248.32%	-41.08%	-17.47%	-832.7%	57.59%	-261.84%	104.32%
Net Income (Continuing)	1.22B	-313M	681M	2.21B	1.35B	1.2B	-7.3B	-3.08B	-11.48B	356M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	243M	413M	2.13B	2.08B	1.92B	1.8B	1.57B	1.25B	901M	1.29B
EPS (Diluted)	1.96▲ 0%	-0.59▼ 130.1%	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%	0.20▲ 0%
EPS Growth %	24.05%	-130.1%	245.76%	232.56%	-36.71%	-14.92%	-348.05%	66.49%	-260.94%	104.15%
EPS (Basic)	1.97	-0.59	0.86	2.90	1.82	1.55	-3.82	-1.28	-4.62	-
Diluted Shares Outstanding	610M	576M	688M	717M	677M	668M	1.94B	2.44B	2.45B	2.48B
Basic Shares Outstanding	401M	384M	688M	535M	510M	507M	1.94B	2.44B	2.45B	2.48B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

WBD Balance Sheet

Warner Bros. Discovery, Inc. (WBD) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Current Assets	2.5B	9.99B	4.23B	5.22B	6.13B	7.26B	14B	14.22B	14.08B	13.06B
Cash & Short-Term Investments	300M	7.31B	986M	1.55B	2.09B	3.9B	3.73B	3.78B	5.31B	4.33B
Cash Only	300M	7.31B	986M	1.55B	2.09B	3.9B	3.73B	3.78B	5.31B	3.99B
Short-Term Investments	0	0	0	0	0	0	0	0	0	348M
Accounts Receivable	1.5B	1.84B	2.62B	2.63B	2.54B	2.45B	7.61B	7.31B	5.93B	5.13B
Days Sales Outstanding	83.99	97.61	90.62	86.24	86.78	73.23	82.15	64.59	55.01	50.85
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	310M	410M	313M	579M	532M	245M	2.11B	2.28B	2.06B	3.6B
Total Non-Current Assets	13.17B	12.56B	28.32B	28.52B	27.96B	27.16B	120B	108.54B	90.48B	87.46B
Property, Plant & Equipment	482M	597M	800M	951M	1.21B	1.34B	5.3B	5.96B	6.09B	6.52B
Fixed Asset Turnover	13.48x	11.51x	13.19x	11.72x	8.85x	9.13x	6.38x	6.94x	6.46x	6.00x
Goodwill	8.04B	7.07B	13.01B	13.05B	13.07B	12.91B	34.44B	34.97B	25.67B	25.92B
Intangible Assets	3.6B	3.98B	12.74B	11.8B	11.08B	10.15B	71.63B	59.51B	51.4B	28.79B
Long-Term Investments	557M	335M	935M	568M	507M	543M	0	0	0	2.92B
Other Non-Current Assets	490M	576M	835M	2.15B	2.1B	2.22B	8.63B	8.1B	7.33B	44.76B
Total Assets	15.67B▲ 0%	22.55B▲ 43.9%	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%	100.52B▲ 0%
Asset Turnover	0.41x	0.30x	0.32x	0.33x	0.31x	0.35x	0.25x	0.34x	0.38x	0.37x
Asset Growth %	-1.21%	43.92%	44.31%	3.64%	1.04%	1%	289.23%	-8.39%	-14.82%	-41.26%
Total Current Liabilities	1.56B	1.87B	4B	3.24B	3.08B	3.46B	15.02B	15.33B	15.81B	12.16B
Accounts Payable	241M	277M	325M	463M	397M	412M	1.45B	1.26B	1.05B	1.08B
Days Payables Outstanding	36.17	38.07	30.15	44.25	37.54	32.55	25.96	18.75	16.76	18.17
Short-Term Debt	82M	30M	1.82B	609M	335M	339M	365M	1.78B	2.75B	364M
Deferred Revenue (Current)	163M	255M	249M	489M	557M	478M	1.69B	1.92B	1.57B	6.34B
Other Current Liabilities	31M	0	0	0	0	0	0	0	0	9B
Current Ratio	1.60x	5.34x	1.06x	1.61x	1.99x	2.10x	0.93x	0.93x	0.89x	0.89x
Quick Ratio	1.60x	5.34x	1.06x	1.61x	1.99x	2.10x	0.93x	0.93x	0.89x	0.89x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	32.68
Total Non-Current Liabilities	8.7B	15.66B	18.04B	18.53B	18.62B	17.57B	70.32B	60.95B	53.81B	51.05B
Long-Term Debt	7.84B	14.76B	14.97B	14.81B	15.07B	14.42B	48.63B	41.89B	36.76B	33.38B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	467M	319M	1.81B	1.69B	1.53B	1.23B	11.01B	8.74B	6.99B	26.9B
Other Non-Current Liabilities	393M	587M	1.25B	2.03B	2.02B	1.93B	10.67B	10.33B	10.07B	41.1B
Total Liabilities	10.26B	17.53B	22.03B	21.77B	21.7B	21.03B	85.33B	76.28B	69.62B	63.21B
Total Debt	7.92B	14.79B	16.79B	15.42B	15.4B	14.76B	49B	43.67B	39.51B	33.75B
Net Debt	7.62B	7.48B	15.81B	13.87B	13.31B	10.85B	45.27B	39.89B	34.19B	29.76B
Debt / Equity	1.46x	2.94x	1.60x	1.29x	1.24x	1.10x	1.01x	0.94x	1.13x	1.13x
Debt / EBITDA	1.91x	5.01x	2.54x	2.14x	2.26x	2.08x	3.50x	1.94x	3.61x	2.06x
Net Debt / EBITDA	1.84x	2.53x	2.39x	1.92x	1.95x	1.53x	3.24x	1.78x	3.12x	3.12x
Interest Coverage	5.83x	1.50x	2.65x	4.44x	3.63x	3.18x	-4.15x	-0.70x	-4.97x	1.85x
Total Equity	5.41B▲ 0%	5.02B▼ 7.2%	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%	37.3B▲ 0%
Equity Growth %	-4.95%	-7.15%	109.38%	13.78%	3.48%	8.18%	263.3%	-4.51%	-24.82%	-38.59%
Book Value per Share	8.87	8.72	15.29	16.69	18.29	20.05	25.09	19.08	14.26	15.05
Total Shareholders' Equity	5.17B	4.61B	8.39B	9.89B	10.46B	11.6B	47.09B	45.23B	34.04B	36.02B
Common Stock	5M	5M	7M	7M	7M	7M	27M	27M	27M	27M
Retained Earnings	5.23B	4.63B	5.25B	7.33B	8.54B	9.58B	2.21B	-928M	-12.24B	-11.26B
Treasury Stock	-6.36B	-6.74B	-6.74B	-7.37B	-8.24B	-8.24B	-8.24B	-8.24B	-8.24B	-8.24B
Accumulated OCI	-762M	-585M	-785M	-822M	-651M	-830M	-1.52B	-741M	-1.07B	-431M
Minority Interest	243M	413M	2.13B	2.08B	1.92B	1.8B	1.57B	1.25B	901M	1.29B

WBD Cash Flow Statement

Warner Bros. Discovery, Inc. (WBD) cash flow — operating, investing & free cash flow history

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	1.38B	1.63B	2.58B	3.4B	2.74B	2.8B	4.3B	7.48B	5.38B	5.38B
Operating CF Margin %	21.24%	23.7%	24.41%	30.5%	25.67%	22.95%	12.73%	18.09%	13.67%	-
Operating CF Growth %	6.65%	18.04%	58.13%	31.95%	-19.42%	2.15%	53.82%	73.72%	-28.11%	-33.96%
Net Income	1.22B	-313M	681M	2.21B	1.35B	1.2B	-7.3B	-3.08B	-11.48B	485M
Depreciation & Amortization	2.1B	2.24B	4.69B	4.2B	4.32B	5.08B	21.35B	24.01B	20.98B	18.17B
Stock-Based Compensation	69M	39M	80M	142M	110M	178M	412M	500M	557M	678M
Deferred Taxes	-27M	-199M	-131M	-504M	-186M	-511M	-2.84B	-2.34B	-1.73B	-653M
Other Non-Cash Items	96M	1.76B	180M	321M	244M	88M	3.66B	380M	9.18B	-2.47B
Working Capital Changes	-2.07B	-1.9B	-2.92B	-2.97B	-3.1B	-3.24B	-10.98B	-11.99B	-12.13B	-10.85B
Change in Receivables	-56M	-238M	-84M	-7M	105M	47M	181M	312M	1.01B	295M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	-10M	265M	-74M	122M	-131M	185M	1.53B	-820M	-529M	562M
Cash from Investing	-256M	-633M	-8.59B	-438M	-703M	-56M	3.52B	-1.26B	-349M	-755M
Capital Expenditures	-88M	-135M	-147M	-289M	-402M	-373M	-987M	-1.32B	-948M	-1.1B
CapEx % of Revenue	1.35%	1.96%	1.39%	2.59%	3.77%	3.06%	2.92%	3.18%	2.41%	-
Acquisitions	19M	-475M	-8.52B	-327M	-220M	-186M	3.44B	-162M	-109M	-102M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	85M	522M	73M	-1M	15M	93M	9M	98M	31M	36M
Cash from Financing	-1.18B	5.95B	-283M	-2.36B	-1.55B	-853M	-7.74B	-5.84B	-3.75B	-3.72B
Debt Issued (Net)	248M	6.68B	-216M	-1.4B	-214M	-574M	-7.32B	-5.37B	-3.43B	-3.85B
Equity Issued (Net)	-1000K	-1000K	0	-1000K	-1000K	0	0	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-1.43B	-603M	0	-633M	-969M	0	0	0	0	0
Other Financing	-1M	-126M	-67M	-320M	-366M	-279M	-425M	-466M	-323M	127M
Net Change in Cash	-90M▲ 0%	7.01B▲ 7887.8%	-6.32B▼ 190.2%	566M▲ 109.0%	570M▲ 0.7%	1.78B▲ 212.8%	25M▼ 98.6%	389M▲ 1456.0%	1.1B▲ 182.0%	808M▲ 0%
Free Cash Flow	1.29B▲ 0%	1.49B▲ 15.6%	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%	4.13B▲ 0%
FCF Margin %	19.89%	21.74%	23.02%	27.91%	21.9%	19.89%	9.81%	14.91%	11.26%	10.92%
FCF Growth %	8.48%	15.63%	62.58%	28.04%	-24.86%	3.77%	36.78%	85.74%	-28.14%	-22.12%
FCF per Share	2.12	2.59	3.53	4.34	3.45	3.63	1.71	2.53	1.81	1.81
FCF Conversion (FCF/Net Income)	1.16x	-4.83x	4.34x	1.64x	2.25x	2.78x	-0.58x	-2.39x	-0.48x	8.52x
Interest Paid	0	0	0	0	0	0	0	0	0	2B
Taxes Paid	0	0	0	0	0	0	0	0	0	-348M

WBD Key Ratios

Warner Bros. Discovery, Inc. (WBD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	21.51%	-6.46%	7.64%	18.4%	10.01%	7.8%	-23.75%	-6.57%	-27.79%	1.3%
Return on Invested Capital (ROIC)	11.84%	4.19%	7.47%	8.65%	7.32%	6.04%	-9.35%	-1.29%	-9.68%	-9.68%
Gross Margin	62.57%	61.36%	62.71%	65.73%	63.83%	62.1%	39.55%	40.65%	41.58%	44.04%
Net Margin	18.38%	-4.9%	5.63%	18.57%	11.42%	8.25%	-21.8%	-7.57%	-28.77%	1.28%
Debt / Equity	1.46x	2.94x	1.60x	1.29x	1.24x	1.10x	1.01x	0.94x	1.13x	1.13x
Interest Coverage	5.83x	1.50x	2.65x	4.44x	3.63x	3.18x	-4.15x	-0.70x	-4.97x	1.85x
FCF Conversion	1.16x	-4.83x	4.34x	1.64x	2.25x	2.78x	-0.58x	-2.39x	-0.48x	8.52x
Revenue Growth	1.61%	5.79%	53.54%	5.6%	-4.24%	14.24%	177.39%	22.19%	-4.84%	-4.33%

WBD SEC Filings & Documents

Warner Bros. Discovery, Inc. (WBD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 16, 2026·SEC

Material company update

Feb 27, 2026·SEC

Material company update

Feb 26, 2026·SEC

10-K Annual Reports

FY 2026

Feb 27, 2026·SEC

WBD Frequently Asked Questions

Warner Bros. Discovery, Inc. (WBD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Warner Bros. Discovery, Inc. (WBD) reported $37.86B in revenue for fiscal year 2024. This represents a 7381% increase from $506.1M in 2003.

Warner Bros. Discovery, Inc. (WBD) saw revenue decline by 4.8% over the past year.

Yes, Warner Bros. Discovery, Inc. (WBD) is profitable, generating $485.0M in net income for fiscal year 2024 (-28.8% net margin).

Dividend & Returns

Warner Bros. Discovery, Inc. (WBD) has a return on equity (ROE) of -27.8%. Negative ROE indicates the company is unprofitable.

Warner Bros. Discovery, Inc. (WBD) generated $4.13B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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