Warner Bros. Discovery, Inc. (WBD) Earnings History
Annual and quarterly earnings data from 2003 to 2024
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WBD EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
WBD Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 41.6% | -25.5% | -28.8% |
| 2023 | 40.6% | -3.7% | -7.6% |
| 2022 | 39.6% | -21.8% | -21.8% |
| 2021 | 62.1% | 16.5% | 8.3% |
| 2020 | 63.8% | 23.6% | 11.4% |
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Warner Bros. Discovery, Inc. (WBD) Earnings Overview
As of May 6, 2026, Warner Bros. Discovery, Inc. (WBD) reported trailing twelve-month net income of $485M, reflecting -260.9% year-over-year growth. The company earned $0.20 per diluted share over the past four quarters, with a net profit margin of -28.8%.
Looking at the long-term picture, WBD's historical earnings data spans multiple years. The company achieved its highest annual net income of $2.07B in fiscal 2019.
Warner Bros. Discovery, Inc. maintains positive profitability with a gross margin of 41.6%, operating margin of -25.5%, and net margin of -28.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including DIS ($12.25B net income, 13.1% margin), FOXA ($1.89B net income, 13.9% margin), NFLX ($10.98B 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 (2003–2024)
22 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
Full WBD Stock Analysis
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Start ComparisonWBD — Frequently Asked Questions
Quick answers to the most common questions about buying WBD stock.
Is WBD growing earnings?
WBD EPS fell to $0.20, with earnings declining -260.9%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $485M.
What are WBD's profit margins?
Warner Bros. Discovery, Inc. net margin is -28.8%, with operating margin at -25.5%. Below-average margins reflect competitive or cost pressures.
How consistent are WBD's earnings?
WBD earnings data spans 2003-2024. The declining earnings trend is -260.9% YoY. Historical data enables comparison across business cycles.