Warner Bros. Discovery, Inc. Series A Common Stock (WBD) Financial Statements
Historical financial data — 41 statements covering FY2016–FY2025
Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addit...
Warner Bros. Discovery, Inc. Series A Common Stock's revenue decreased 5.1% year over year, from $39.32B to $37.30B.
Net income increased 106.4% over the same period, from $-11.31B to $727.0M.
Over the 9-year period from FY2016 to FY2025, revenue grew by 474% in total.
Total debt decreased by 17.6% to $32.57B.
The debt-to-equity ratio stands at 0.91, indicating a moderate leverage profile.
Operating cash flow declined 19.6% to $4.32B.
Warner Bros. Discovery, Inc. Series A Common Stock maintains a moderate net profit margin of 1.9%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $9.62B-0.9% | $139.0M | $-17.60B | $-9.38B | $847.0M | $106.33B | $40.21B | $35.10B |
| Q4 FY2024 | $10.03B+4.2% | $-494.0M | $162.0M | $10.70B | $2.71B | $104.56B | $39.51B | $34.04B |
| Q1 FY2025 | $8.98B-10.5% | $-453.0M | $-37.0M | $-37.0M | $553.0M | $101.68B | $37.43B | $33.84B |
| Q2 FY2025 | $9.81B+9.3% | $1.58B | $-185.0M | $-185.0M | $983.0M | $101.73B | $34.63B | $36.05B |
| Q3 FY2025 | $9.04B-7.8% | $-148.0M | $611.0M | $611.0M | $979.0M | $100.52B | $33.52B | $36.02B |
| Q4 FY2025 | $9.46B+4.6% | $-252.0M | $349.0M | $1.29B | $1.80B | $100.08B | $32.57B | $35.92B |
| Q1 FY2026 | $8.89B-6.0% | $-2.92B | $-2.47B | $-2.47B | $-208.0M | N/A | N/A | N/A |
| Q2 FY2026 | $8.72B-2.0% | $149.0M | $237.0M | $237.0M | $848.0M | N/A | N/A | N/A |
Balance Sheet Summary (FY2025)
Warner Bros. Discovery, Inc. Series A Common Stock (WBD) Financial Statements & Revenue History
Warner Bros. Discovery, Inc. Series A Common Stock (WBD) is a US-listed stock operating in the Communication Services sector, specifically the Cable & Other Pay Television Services industry trading at $30.95 with a market capitalization of $78. This page provides 41 historical financial statements for Warner Bros. Discovery, Inc. Series A Common Stock, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Warner Bros. Discovery, Inc. Series A Common Stock reported revenue of $37.3 billion, a 5.1% decline from the prior year. The net profit margin of 1.9% suggests thin margins. The debt-to-equity ratio of 0.91 reflects moderate leverage.
WBD Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Warner Bros. Discovery, Inc. Series A Common Stock's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether WBD is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track WBD's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Warner Bros. Discovery, Inc. Series A Common Stock converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of WBD's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use WBD Financial Data
Investors use Warner Bros. Discovery, Inc. Series A Common Stock's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare WBD's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how WBD's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View WBD's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Warner Bros. Discovery, Inc. Series A Common Stock's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.WBD trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.