Financials in USD. Standardized financial statements.
A compact view of how Warner Bros. Discovery, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $37.30B | $39.32B | $41.32B | $33.82B | $12.19B | $10.67B | $11.14B | $10.55B | $6.87B | $6.50B |
| Revenue Growth? | -5.1% | -4.8% | +22.2% | +177.4% | +14.2% | -4.2% | +5.6% | +53.5% | +5.8% | 0.0% |
| Cost of Revenue? | $26.79B | $22.97B | $24.53B | $20.44B | $4.62B | $3.86B | $3.82B | $3.94B | $2.66B | $2.43B |
| Gross Profit? | $10.51B | $16.35B | $16.80B | $13.38B | $7.57B | $6.81B | $7.33B | $6.62B | $4.22B | $4.07B |
| Gross Margin? | +28.2% | +41.6% | +40.6% | +39.6% | +62.1% | +63.8% | +65.7% | +62.7% | +61.4% | +62.6% |
| Operating Expenses? | $9.20B | $26.38B | $18.34B | $20.75B | $5.56B | $4.30B | $4.32B | $4.68B | $3.50B | $2.01B |
| Operating Income? | $1.31B | -$10.03B | -$1.55B | -$7.37B | $2.01B | $2.52B | $3.01B | $1.93B | $713.00M | $2.06B |
| EBITDA? | $9.42B | $11.61B | $22.37B | $14.17B | $7.15B | $6.69B | $7.17B | $6.44B | $2.58B | $4.12B |
| Income Before Tax | $1.64B | -$11.39B | -$3.86B | -$8.96B | $1.43B | $1.73B | $2.29B | $1.02B | -$137.00M | $1.67B |
| Income Tax Expense | $890.00M | $94.00M | -$784.00M | -$1.66B | $236.00M | $373.00M | $81.00M | $341.00M | $176.00M | $453.00M |
| Net Income? | $727.00M | -$11.31B | -$3.13B | -$7.37B | $1.01B | $1.22B | $2.07B | $594.00M | -$337.00M | $1.19B |
| EPS? | $0.29 | $-4.62 | $-1.28 | $-3.82 | $1.55 | $1.82 | $2.90 | $0.86 | $-0.59 | $1.97 |
| Diluted EPS? | $0.29 | $-4.62 | $-1.28 | $-3.82 | $1.54 | $1.81 | $2.86 | $0.86 | $-0.59 | $1.96 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality