WBD
Warner Bros. Discovery, Inc.
NASDAQ · USCommunication ServicesEntertainment
$25.86-3.76%
Price as of Jul 20, 2026
WBD financials
Warner Bros. Discovery, Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $37.3B | $39.3B | $41.3B | $33.8B |
| Cost of revenue | $26.8B | $23.0B | $24.5B | $20.4B |
| Gross profit | $10.5B | $16.4B | $16.8B | $13.4B |
| Operating expenses | $9.2B | $26.4B | $18.3B | $20.7B |
| Operating income | $1.3B | -$10.0B | -$1.5B | -$7.4B |
| Net income | $727.0M | -$11.3B | -$3.1B | -$7.4B |
| EBITDA | $9.4B | $11.6B | $22.4B | $14.2B |
| Basic EPS | $0.29 | $-4.62 | $-1.28 | $-3.82 |
| Diluted EPS | $0.29 | $-4.62 | $-1.28 | $-3.82 |
| Balance sheet | ||||
| Cash & equivalents | $4.6B | $5.3B | $3.8B | $3.7B |
| Total assets | $100.1B | $104.6B | $122.8B | $134.0B |
| Total liabilities | $62.9B | $69.6B | $76.3B | $85.3B |
| Stockholders’ equity | $35.9B | $34.0B | $45.2B | $47.1B |
| Total debt | $32.6B | $39.5B | $43.7B | $49.0B |
| Net debt | $28.0B | $34.2B | $39.9B | $45.3B |
| Cash flow | ||||
| Operating cash flow | $4.3B | $5.4B | $7.5B | $4.3B |
| Capital expenditure | -$1.2B | -$948.0M | -$1.3B | -$987.0M |
| Free cash flow | $3.1B | $4.4B | $6.2B | $3.3B |
| Dividends paid | $0.00 | $0.00 | $0.00 | $0.00 |
| Share repurchases | $0.00 | $0.00 | $0.00 | $0.00 |