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Warner Bros. Discovery, Inc.

CIK: 1437107 SIC: 4841
$37.30B
Revenue
$727.00M
Net Income
44.00%
Gross Margin
1.98%
Op. Margin
$4.39B
Free Cash Flow
Financial Statements Quarterly (10-Q)
Showing 14 of 50 quarterly reports available
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
+ Total Revenue $9.46B $9.04B $9.81B $8.98B $10.03B $9.62B $9.71B $9.96B $10.28B $9.98B $10.36B $10.70B $11.01B $9.82B
Revenue Growth % (YoY) -5.7% -6.0% 1.0% -9.8% -2.5% -3.6% -6.2% -6.9% -6.6% 1.6% nan% nan% nan% nan%
Cost of Revenue $5.22B $4.56B $5.97B $5.13B $5.53B $5.18B $6.20B $6.06B $5.90B $5.31B $6.64B $6.68B $6.95B $5.63B
+ Gross Profit $4.24B $4.48B $3.85B $3.85B $4.50B $4.44B $3.51B $3.90B $4.39B $4.67B $3.72B $4.01B $4.05B $4.20B
Gross Margin % 44.8% 49.5% 39.2% 42.9% 44.9% 46.2% 36.1% 39.2% 42.7% 46.8% 35.9% 37.5% 36.8% 42.7%
Operating Expenses $9.11B $8.43B $10.00B $9.02B $9.87B $9.34B $19.92B $10.22B $10.47B $9.88B $11.26B $11.26B $12.90B $12.01B
Selling General & Admin $2.39B $2.36B $2.48B $2.19B $2.22B $2.38B $2.46B $2.23B $2.46B $2.29B $2.56B $2.39B $2.51B $2.59B
+ Operating Income $349.00M $611.00M $-185.00M $-37.00M $162.00M $281.00M $-10.21B $-267.00M $-182.00M $97.00M $-906.00M $-557.00M $-1.89B $-2.19B
Operating Margin % 3.7% 6.8% -1.9% -0.4% 1.6% 2.9% -105.1% -2.7% -1.8% 1.0% -8.7% -5.2% -17.2% -22.3%
Interest Expense $794.00M $570.00M $463.00M $468.00M $469.00M $494.00M $518.00M $515.00M $502.00M $574.00M $574.00M $571.00M $558.00M $555.00M
Other Income/Expense $-126.00M $-30.00M $139.00M $82.00M $-38.00M $30.00M $172.00M $11.00M $97.00M $-63.00M $27.00M $-73.00M $-64.00M $-28.00M
Income Before Tax $-408.00M $27.00M $2.45B $-434.00M $-356.00M $-178.00M $-10.04B $-819.00M $-613.00M $-532.00M $-1.48B $-1.24B $-2.54B $-2.85B
Income Tax Expense $-161.00M $170.00M $866.00M $15.00M $284.00M $-319.00M $-7.00M $136.00M $-221.00M $-125.00M $-260.00M $-178.00M $-462.00M $-566.00M
+ Net Income $-252.00M $-148.00M $1.58B $-453.00M $-494.00M $135.00M $-9.99B $-966.00M $-400.00M $-417.00M $-1.24B $-1.07B $-2.10B $-2.31B
Net Margin % -2.7% -1.6% 16.1% -5.0% -4.9% 1.4% -102.8% -9.7% -3.9% -4.2% -12.0% -10.0% -19.1% -23.5%
Basic EPS nan -0.06 0.64 -0.18 -0.20 0.06 -4.07 -0.40 -0.16 -0.17 -0.51 -0.44 -0.82 -0.95
Diluted EPS nan -0.06 0.63 -0.18 -0.20 0.05 -4.07 -0.40 -0.16 -0.17 -0.51 -0.44 -0.82 -0.95
Basic Shares Outstanding 2.0M 2.48B 2.48B 2.46B 1.0M 2.45B 2.45B 2.44B - 2.44B 2.44B 2.43B 165.0M 2.43B
Diluted Shares Outstanding 20.0M 2.48B 2.50B 2.46B 1.0M 2.47B 2.45B 2.44B - 2.44B 2.44B 2.43B 165.0M 2.43B
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Cash & Cash Equivalents $4.57B $4.29B $4.89B $3.87B $5.31B $3.34B $3.61B $2.98B $3.78B $2.38B $3.03B $2.59B $3.73B $2.42B
Accounts Receivable $5.29B $5.13B $5.38B $4.66B $4.95B $5.53B $6.17B $6.30B $6.05B $6.31B $6.77B $6.83B $6.38B $6.67B
Other Current Assets $1.95B $3.64B $3.34B $4.25B $2.06B $3.63B $3.65B $4.62B $4.39B $4.14B $3.98B $4.30B $3.89B $3.58B
Total Current Assets $13.21B $13.06B $13.61B $12.78B $14.08B $12.51B $13.43B $13.90B $14.22B $12.83B $13.77B $13.73B $14.00B $12.67B
Property Plant & Equipment $6.68B - - - $6.09B - - - - - - - - -
Goodwill $25.93B $25.92B $25.94B $25.75B $25.67B $25.87B $25.74B $34.89B $34.97B $34.73B $34.91B $34.66B $34.44B $34.45B
Intangible Assets $27.76B $28.79B $29.91B $31.03B $32.30B $33.77B $35.16B $36.65B $38.28B $39.87B $41.58B $43.24B $44.98B $46.74B
Other Non-current Assets $7.38B $7.13B $7.04B $7.09B $7.33B $8.00B $7.65B $8.00B $8.10B $8.05B $8.48B $8.16B $8.63B $8.75B
Total Assets $100.08B $100.52B $101.73B $101.68B $104.56B $106.33B $108.03B $119.82B $122.76B $123.75B $128.62B $130.58B $134.00B $136.05B
Accounts Payable $1.09B $1.08B $1.07B $1.01B $1.05B $1.12B $1.15B $1.25B $1.26B $1.33B $1.69B $1.12B $1.45B $1.53B
Accrued Liabilities $9.63B $9.29B $10.22B $9.90B $10.44B $10.00B $10.93B $10.29B $10.37B $10.04B $10.67B $10.16B $11.50B $10.20B
Deferred Revenue $1.64B $1.65B $1.53B $1.60B $1.57B $1.53B $2.02B $1.99B $1.92B $1.92B $1.55B $1.60B $1.69B $1.69B
Total Current Liabilities $12.50B $12.16B $13.04B $15.29B $15.81B $15.70B $17.77B $16.96B $15.33B $14.59B $16.91B $16.38B $15.02B $14.68B
Long-term Debt $32.57B $33.38B $34.41B $34.65B $39.51B $37.17B $37.29B $39.15B $41.89B $43.50B $44.28B $45.43B $48.63B $48.61B
Deferred Tax Liabilities $6.38B $6.71B $6.49B $6.71B $6.99B $7.34B $7.81B $8.30B $8.74B $9.10B $9.72B $10.21B $11.01B $12.32B
Other Non-current Liabilities $11.61B $10.96B $10.44B $9.86B $10.07B $9.96B $9.75B $10.12B $10.33B $10.42B $10.93B $10.72B $10.67B $10.36B
Total Liabilities $62.92B $63.21B $64.38B $66.51B $69.62B $70.16B $72.61B $74.53B $76.28B $77.61B $81.83B $82.74B $85.33B $85.97B
Common Stock $27.00M $27.00M $27.00M $27.00M $27.00M $27.00M $27.00M $27.00M $27.00M $27.00M $27.00M $27.00M $27.00M -
Retained Earnings $-11.51B $-11.26B $-11.11B $-12.69B $-12.24B $-11.74B $-11.88B $-1.89B $-928.00M $-526.00M $-105.00M $1.13B $2.21B $4.31B
Total Stockholders Equity $35.92B $36.02B $36.05B $33.84B $34.04B $35.10B $34.34B $44.15B $45.23B $44.77B $45.45B $46.50B $47.09B $48.52B
Total Liabilities & Equity $100.08B $100.52B $101.73B $101.68B $104.56B $106.33B $108.03B $119.82B $122.76B $123.75B $128.62B $130.58B $134.00B $136.05B
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Net Income $-252.00M $-148.00M $1.13B $-453.00M $-494.00M $-10.82B $-10.95B $-966.00M $-400.00M $-2.73B $-1.24B $-1.07B $-2.10B $-5.27B
Depreciation & Amortization $1.31B $4.37B $2.99B $1.55B $1.64B $5.39B $3.63B $1.89B $2.02B $5.96B $3.97B $2.06B $2.17B $5.02B
Stock-based Compensation $229.00M $540.00M $298.00M $123.00M $138.00M $419.00M $260.00M $101.00M $109.00M $391.00M $248.00M $111.00M $95.00M $317.00M
Operating Cash Flow $1.80B $2.52B $1.54B $553.00M $2.71B $2.66B $1.81B $585.00M $3.58B $3.90B $1.38B $-631.00M $2.85B $1.46B
Capital Expenditure $421.00M $810.00M $532.00M $251.00M $286.00M $662.00M $447.00M $195.00M $268.00M $1.05B $591.00M $299.00M $364.00M $623.00M
Investing Cash Flow $-418.00M $-761.00M $-431.00M $-195.00M $6.00M $-355.00M $-137.00M $-207.00M $-234.00M $-1.02B $-567.00M $-257.00M $-218.00M $3.74B
Financing Cash Flow $-1.12B $-3.12B $-1.89B $-1.90B $-600.00M $-3.15B $-2.27B $-1.24B $-1.53B $-4.31B $-1.68B $-432.00M $-1.27B $-6.47B
Net Change in Cash $272.00M $-1.12B $-525.00M $-1.44B $1.93B $-829.00M $-702.00M $-933.00M $1.89B $-1.50B $-853.00M $-1.29B $1.42B $-1.39B
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $9.04B - $27.84B -
Cost of Revenue $4.56B - $15.66B -
Operating Expenses $8.43B - $27.45B -
Selling General & Admin $2.36B - $7.03B -
Operating Income $611.00M - $389.00M -
Interest Expense $570.00M - $1.50B -
Other Income/Expense $-30.00M - $191.00M -
Income Before Tax $27.00M - $2.05B -
Income Tax Expense $170.00M - $1.05B -
Net Income $-148.00M - $979.00M -
Basic EPS -0.06 - 0.40 -
Diluted EPS -0.06 - 0.39 -
Basic Shares Outstanding $2.48B - $2.47B -
Diluted Shares Outstanding $2.48B - $2.51B -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $4.29B $5.31B
Accounts Receivable $5.13B $4.95B
Other Current Assets $3.64B $3.82B
Total Current Assets $13.06B $14.08B
Goodwill $25.92B $25.67B
Intangible Assets $28.79B $32.30B
Other Non-current Assets $7.13B $7.33B
Total Assets $100.52B $104.56B
Accounts Payable $1.08B $1.05B
Accrued Liabilities $9.29B $10.44B
Deferred Revenue $1.65B $1.57B
Total Current Liabilities $12.16B $15.81B
Long-term Debt $33.38B $36.76B
Deferred Tax Liabilities $6.71B $6.99B
Other Non-current Liabilities $10.96B $10.07B
Total Liabilities $63.21B $69.62B
Common Stock $27.00M $27.00M
Retained Earnings $-11.26B $-12.24B
Total Stockholders Equity $36.02B $34.04B
Total Liabilities & Equity $100.52B $104.56B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $-148.00M - $979.00M -
Depreciation & Amortization $1.38B - $4.37B -
Stock-based Compensation - - $540.00M -
Operating Cash Flow - - $2.52B -
Capital Expenditure - - $810.00M -
Investing Cash Flow - - $-761.00M -
Financing Cash Flow - - $-3.12B -
Net Change in Cash - - $-1.12B -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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