Warner Bros. Discovery, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 12.19B | 33.82B | 41.32B | 39.32B | 37.30B | -5.1% | |
| Cost of Revenue | (4.62B) | (20.44B) | (24.53B) | (22.97B) | (26.79B) | 16.6% | |
Gross Profit | 7.57B | 13.38B | 16.80B | 16.35B | 10.51B | -35.7% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (4.02B) | (9.68B) | (9.70B) | (9.30B) | (9.42B) | 1.3% | |
| Depreciation & Amortization | (5.08B) | (21.35B) | (24.01B) | (20.98B) | (5.68B) | -72.9% | |
Operating Income (EBIT) | 2.01B | -7.37B | -1.55B | -10.03B | 1.31B | -113.0% | |
| Non-Operating Items | |||||||
| Interest Income | 18.00M | 67.00M | 179.00M | 210.00M | 206.00M | -1.9% | |
| Interest Expense | (633.00M) | (1.78B) | (2.22B) | (2.02B) | (2.08B) | 3.4% | |
| Other Income/Expenses (Net) | -579.00M | -1.59B | -2.31B | -1.36B | 330.00M | -124.3% | |
Income Before Tax | 1.43B | -8.96B | -3.86B | -11.39B | 1.64B | -114.4% | |
| Income Tax Expense | (236.00M) | (1.66B) | (784.00M) | (94.00M) | (890.00M) | 846.8% | |
Net Income | 1.01B | -7.37B | -3.13B | -11.31B | 727.00M | -106.4% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $2 | $-4 | $-1 | $-5 | $0 | -106.3% | |
| Weighted Avg Shares Outstanding | 507.00M | 1.94B | 2.44B | 2.45B | 2.48B | 1.0% | |
| Weighted Avg Shares Outstanding (Diluted) | 668.00M | 1.94B | 2.44B | 2.45B | 2.53B | 3.3% | |
EBITDA | 7.15B | 14.17B | 22.37B | 11.61B | 9.42B | -18.9% |
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