Warner Bros. Discovery, Inc. (WBD) income statement
NASDAQ · Communication Services · Entertainment · 35,500 employees · CEO David Zaslav
- Price
- $30.95 0.00%
- Market cap
- $77.6B
- Enterprise value
- $106B
- Last report
- Q2 '26 filed 2026-08-06
- Next report
- 2026-11-05 EPS est. -$0.04
Warner Bros. Discovery, Inc. (WBD) reported revenue of $8.72B for Q2 '26 (-11.2% year on year), operating income of $373M (4.3% of revenue) and net income of $149M. Over the last four quarters revenue was $36.1B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.98B | $10.3B | $9.96B | $9.71B | $9.62B | $10B | $8.98B | $9.81B | $9.05B | $9.46B | $8.89B | $8.72B | |
| Cost of revenue | $5.31B | $5.9B | $6.06B | $6.2B | $5.18B | $5.53B | $5.13B | $5.97B | $4.56B | $5.22B | $4.64B | $4.62B | |
| Gross profit | $4.67B | $4.39B | $3.9B | $3.51B | $4.44B | $4.5B | $3.85B | $3.85B | $4.48B | $4.24B | $4.25B | $4.1B | |
| Other operating expenses | $2.28B | $2.12B | $1.94B | $11.3B | $1.78B | $2.12B | $1.69B | $1.55B | $1.51B | $1.32B | $1.23B | $1.16B | |
| Operating expenses | $4.57B | $4.57B | $4.17B | $13.7B | $4.16B | $4.34B | $3.89B | $4.03B | $3.87B | $3.7B | $3.7B | $3.72B | |
| Operating income | $97M | -$182M | -$267M | -$10.2B | $281M | $162M | -$37M | -$185M | $611M | $536M | $549M | $373M | |
| Interest income | $43M | $51M | $60M | $63M | $49M | $38M | $64M | $59M | $47M | $36M | $22M | $34M | |
| Interest expense | $574M | $502M | $515M | $518M | $494M | $490M | $468M | $463M | $570M | $584M | $581M | $511M | |
| Other non-operating income (gains on investments, FX ...) | $55M | -$71M | $37M | -$691M | -$35M | $28M | -$71M | -$3.1B | $14M | $360M | $3.09B | $133M | |
| Total non-operating income | -$629M | -$431M | -$552M | $173M | -$459M | -$518M | -$397M | $2.64B | -$584M | -$944M | -$3.67B | -$644M | |
| Income before tax | -$532M | -$613M | -$819M | -$10B | -$178M | -$356M | -$434M | $2.45B | $27M | -$408M | -$3.12B | -$271M | |
| Income tax | -$125M | -$221M | $136M | -$7M | -$319M | $284M | $15M | $866M | $170M | -$161M | -$214M | -$433M | |
| Net income | -$417M | -$400M | -$966M | -$9.99B | $135M | -$494M | -$453M | $1.58B | -$148M | -$252M | -$2.92B | $149M | |
| EPS (basic) | -$0.17 | -$0.16 | -$0.40 | -$4.07 | $0.06 | -$0.20 | -$0.18 | $0.64 | -$0.06 | -$0.10 | -$1.17 | $0.06 | |
| EPS (diluted) | -$0.17 | -$0.16 | -$0.40 | -$4.07 | $0.05 | -$0.20 | -$0.18 | $0.63 | -$0.06 | -$0.10 | -$1.17 | $0.06 | |
| Shares (basic, weighted) | 2.44B | 2.44B | 2.44B | 2.45B | 2.45B | 2.45B | 2.46B | 2.48B | 2.48B | 2.48B | 2.49B | 2.51B | |
| Shares (diluted, weighted) | 2.44B | 2.44B | 2.44B | 2.45B | 2.47B | 2.45B | 2.46B | 2.5B | 2.48B | 2.53B | 2.49B | 2.58B | |
| Depreciation & amortization | $5.18B | $5.5B | $5.72B | $5.49B | $5.07B | $4.71B | $4.69B | $5.09B | $3.68B | $4.08B | $3.73B | $3.63B | |
| EBITDA | $5.22B | $5.39B | $5.41B | -$4.03B | $5.39B | $4.84B | $4.73B | $8.01B | $4.28B | $4.25B | $1.19B | $3.87B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5B | $6.87B | $10.6B | $11.1B | $10.7B | $12.2B | $33.8B | $41.3B | $39.3B | $37.3B | |
| Cost of revenue | $2.43B | $2.66B | $3.94B | $3.82B | $3.86B | $4.62B | $20.4B | $24.5B | $23B | $20.9B | |
| Gross profit | $4.07B | $4.22B | $6.62B | $7.33B | $6.81B | $7.57B | $13.4B | $16.8B | $16.4B | $16.4B | |
| Other operating expenses | $317M | $1.74B | $2.06B | $1.53B | $1.57B | $1.54B | $11.1B | $8.65B | $17.1B | $5.68B | |
| Operating expenses | $2.01B | $3.5B | $4.68B | $4.32B | $4.3B | $5.56B | $20.7B | $18.3B | $26.4B | $15.1B | |
| Operating income | $2.06B | $713M | $1.93B | $3.01B | $2.52B | $2.01B | -$7.37B | -$1.55B | -$10B | $1.31B | |
| Interest income | $0 | $21M | $15M | $22M | $10M | $18M | $67M | $179M | $210M | $206M | |
| Interest expense | $353M | $475M | $729M | $677M | $692M | $633M | $1.78B | $2.22B | $2.02B | $2.09B | |
| Other non-operating income (gains on investments, FX ...) | $34M | $375M | $183M | $38M | $139M | -$54M | -$187M | $94M | -$661M | -$2.42B | |
| Total non-operating income | -$387M | -$850M | -$912M | -$715M | -$787M | -$579M | -$1.59B | -$2.32B | -$1.36B | $330M | |
| Income before tax | $1.67B | -$137M | $1.02B | $2.29B | $1.73B | $1.43B | -$8.96B | -$3.86B | -$11.4B | $1.64B | |
| Income tax | $453M | $176M | $341M | $81M | $373M | $236M | -$1.66B | -$784M | $94M | $890M | |
| Net income | $1.19B | -$337M | $594M | $2.07B | $1.22B | $1.01B | -$7.37B | -$3.13B | -$11.3B | $727M | |
| EPS (basic) | $1.97 | -$0.59 | $0.86 | $2.90 | $1.82 | $1.55 | -$3.82 | -$1.28 | -$4.62 | $0.29 | |
| EPS (diluted) | $1.96 | -$0.59 | $0.86 | $2.86 | $1.81 | $1.54 | -$3.82 | -$1.28 | -$4.62 | $0.29 | |
| Shares (basic, weighted) | 401M | 384M | 688M | 535M | 510M | 507M | 1.94B | 2.44B | 2.45B | 2.48B | |
| Shares (diluted, weighted) | 610M | 576M | 688M | 717M | 677M | 668M | 1.94B | 2.44B | 2.45B | 2.53B | |
| Depreciation & amortization | $2.1B | $2.24B | $4.69B | $4.2B | $4.32B | $5.08B | $21.4B | $24B | $21B | $17.5B | |
| EBITDA | $4.12B | $2.58B | $6.44B | $7.17B | $6.69B | $7.15B | $14.2B | $22.4B | $11.6B | $21.3B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01