Warner Bros. DiscoveryWBDEarnings & Financial Report
Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022.
WBD Q3 2025 Key Financial Metrics
Revenue
$9.0B
Gross Profit
N/A
Operating Profit
$611.0M
Net Profit
$-148.0M
Gross Margin
N/A
Operating Margin
6.8%
Net Margin
-1.6%
YoY Growth
-6.0%
EPS
$-0.06
Financial Flow
Warner Bros. Discovery Q3 2025 Financial Summary
Warner Bros. Discovery reported revenue of $9.0B for Q3 2025, with a net profit of $-148.0M (-1.6% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $9.0B |
|---|---|
| Net Profit | $-148.0M |
| Gross Margin | N/A |
| Operating Margin | 6.8% |
| Report Period | Q3 2025 |
Warner Bros. Discovery Annual Revenue by Year
Warner Bros. Discovery annual revenue history includes year-by-year totals (for example, 2024 revenue was $39.3B).
| Year | Annual Revenue |
|---|---|
| 2024 | $39.3B |
| 2023 | $41.3B |
| 2022 | $33.8B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.28B | $9.96B | $9.71B | $9.62B | $10.03B | $8.98B | $9.81B | $9.04B |
| YoY Growth | -6.6% | -6.9% | -6.2% | -3.6% | -2.5% | -9.8% | 1.0% | -6.0% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $122.76B | $119.82B | $108.03B | $106.33B | $104.56B | $101.68B | $101.73B | $100.52B |
| Liabilities | $76.28B | $74.53B | $72.61B | $70.16B | $69.62B | $66.51B | $64.38B | $63.21B |
| Equity | $45.23B | $44.15B | $34.34B | $35.10B | $34.04B | $33.84B | $36.05B | $36.02B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $3.58B | $585.0M | $1.23B | $847.0M | $2.71B | $553.0M | $983.0M | $979.0M |
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