Warner Bros. Discovery, Inc. (WBD) Earnings History
Net Loss23 years of earnings data (2003–2025) · Currently unprofitable on a TTM basis
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Warner Bros. Discovery, Inc. (WBD) Earnings Overview
As of September 23, 2026, Warner Bros. Discovery, Inc. (WBD) reported trailing twelve-month net income of -$3.17B, reflecting +106.3% year-over-year growth. The company earned $-1.23 per diluted share over the past four quarters, with a net profit margin of 1.9%.
Looking at the long-term picture, WBD's 5-year EPS compound annual growth rate (CAGR) stands at -30.7%, signaling declining earnings. The company achieved its highest annual net income of $2.07B in fiscal 2019.
Warner Bros. Discovery, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including DIS ($8.60B net income, 13.1% margin), FOXA ($1.69B net income, 9.8% margin), NFLX ($13.65B net income, 24.3% margin), WBD has room to improve margins relative to the peer group. Compare WBD vs DIS →
WBD Earnings vs Peers
Earnings metrics vs comparable public companies
WBD Historical Earnings Data (2003–2025)
23 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $727M | +106.4% | $1.31B | $0.29 | 1.9% | 3.5% |
| 2024 | -$11.31B | -261.8% | -$10.03B | $-4.62 | -28.8% | -25.5% |
| 2023 | -$3.13B | +57.6% | -$1.55B | $-1.28 | -7.6% | -3.7% |
| 2022 | -$7.37B | -832.7% | -$7.37B | $-3.82 | -21.8% | -21.8% |
| 2021 | $1.01B | -17.5% | $2.01B | $1.54 | 8.3% | 16.5% |
| 2020 | $1.22B | -41.1% | $2.52B | $1.81 | 11.4% | 23.6% |
| 2019 | $2.07B | +248.3% | $3.01B | $2.86 | 18.6% | 27.0% |
| 2018 | $594M | +276.3% | $1.93B | $0.86 | 5.6% | 18.3% |
| 2017 | -$337M | -128.2% | $713M | $-0.59 | -4.9% | 10.4% |
| 2016 | $1.19B | +15.5% | $2.06B | $1.96 | 18.4% | 31.7% |
| 2015 | $1.03B | -9.2% | $1.99B | $1.58 | 16.2% | 31.0% |
| 2014 | $1.14B | +6.0% | $2.06B | $1.66 | 18.2% | 32.9% |
| 2013 | $1.07B | +14.0% | $1.98B | $1.49 | 19.4% | 35.7% |
| 2012 | $943M | -16.7% | $1.86B | $1.27 | 21.0% | 41.4% |
| 2011 | $1.13B | +73.4% | $1.80B | $1.40 | 27.2% | 43.3% |
| 2010 | $653M | +18.9% | $1.38B | $0.78 | 17.6% | 37.2% |
| 2009 | $549M | +73.2% | $1.27B | $0.65 | 15.9% | 36.8% |
| 2008 | $317M | +566.2% | $1.06B | $0.49 | 9.2% | 30.7% |
| 2007 | -$68M | -47.8% | -$8M | $-0.12 | -89.5% | -10.5% |
| 2006 | -$46M | -238.2% | -$115M | $-0.08 | -6.7% | -16.7% |
| 2005 | $33M | -49.7% | -$1M | $0.06 | 4.8% | -0.2% |
| 2004 | $66M | +226.2% | $17M | $0.12 | 10.5% | 2.7% |
| 2003 | -$52M | - | -$2M | $-0.09 | -10.4% | -0.5% |
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WBD — Frequently Asked Questions
Quick answers to the most common questions about buying WBD stock.
What is WBD earnings per share (EPS)?
WBD trailing twelve-month (TTM) diluted EPS is $-1.23, reflecting +106.3% year-over-year growth. The 5-year EPS CAGR is -30.7%. Complete EPS history from 2003 to 2025 is available in the table on this page.
What is Warner Bros. Discovery, Inc.'s net income?
Warner Bros. Discovery, Inc. (WBD) trailing twelve-month net income is $-3.2B as of 2025. Earnings grew +106.3% year-over-year.
Is WBD profitable?
WBD is not currently profitable on a TTM basis, reporting a net loss of $-3.2B. Net margin is +1.9%. Investors should monitor for a return to profitability.
What is WBD's earnings growth rate?
WBD compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: -30.7%, 10-Year: -15.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2003 to 2025.
What are WBD's profit margins?
Warner Bros. Discovery, Inc. net profit margin is +1.9%, operating margin is +3.5%, and gross margin is +28.2%. Below-average margins reflect competitive or cost pressures. Return on Equity is +2.0%.
Is WBD growing earnings?
Yes, WBD earnings are accelerating — EPS growth of +106.3% exceeds the 5-year CAGR of -30.7%. TTM net income reached $-3.2B. Earnings momentum is strengthening.
What was WBD's best earnings year?
Warner Bros. Discovery, Inc.'s highest annual net income on record is $2.1B, achieved in fiscal year 2019. Earnings history on this page spans 2003 to 2025 and includes all annual and quarterly figures.
What were WBD's earnings last quarter?
WBD's most recent reported quarter was Q2 2026. Net income was $149M with diluted EPS of $0.06. For a full breakdown of all quarters, see the quarterly earnings table on this page.