W 
Warner Bros Discovery WBD · USD
Communication Services · Entertainment · US listing · 🇺🇸 United States
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in USD, from our data supplier.
Revenue
$37.30bn
FY2016FY2025
Net income
$727.0m
FY2016FY2025
Free cash flow
$3.09bn
FY2016FY2025
Shareholders' equity
$35.92bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.30bn | $39.32bn | $41.32bn | $33.82bn | $12.19bn | $10.67bn | $11.14bn | $10.55bn | $6.87bn | $6.50bn |
| Operating income | $3.73bn | −$9.58bn | −$1.82bn | −$7.18bn | $2.01bn | $2.52bn | $3.01bn | $1.93bn | $713.0m | $2.06bn |
| Net income | $727.0m | −$11.31bn | −$3.13bn | −$7.37bn | $1.01bn | $1.22bn | $2.07bn | $594.0m | −$337.0m | $1.19bn |
| Diluted earnings per share | 0.29 | -4.61 | -1.28 | -3.03 | 1.52 | 1.86 | 2.95 | 0.83 | -0.59 | 2.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $100.08bn | $104.56bn | $122.76bn | $134.00bn | $34.43bn | $34.09bn | $33.73bn | $32.55bn | $22.55bn | $15.67bn |
| Cash and short-term investments | $4.57bn | $5.31bn | $3.78bn | $3.73bn | $3.90bn | $2.09bn | $1.55bn | $986.0m | $7.31bn | $300.0m |
| Total liabilities | $62.92bn | $69.62bn | $76.28bn | $85.33bn | $21.03bn | $21.70bn | $21.77bn | $22.03bn | $17.53bn | $10.26bn |
| Debt | $32.57bn | $39.97bn | $43.93bn | $49.27bn | $15.01bn | $15.64bn | $15.67bn | $16.79bn | $14.79bn | $7.92bn |
| Shareholders' equity | $35.92bn | $34.04bn | $45.23bn | $47.09bn | $13.40bn | $12.38bn | $11.97bn | $8.39bn | $4.61bn | $5.17bn |
| Shares outstanding | 2,530m | 2,454m | 2,436m | 2,429m | 663m | 657m | 702m | 715m | 568m | 595m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $4.32bn | $5.38bn | $7.48bn | $4.30bn | $2.80bn | $2.74bn | $3.40bn | $2.58bn | $1.63bn | $1.38bn |
| Capital spending | −$1.23bn | −$948.0m | −$1.32bn | −$987.0m | −$373.0m | −$402.0m | −$289.0m | −$147.0m | −$135.0m | −$88.0m |
| Free cash flow | $3.09bn | $4.43bn | $6.16bn | $3.32bn | $2.42bn | $2.34bn | $3.11bn | $2.43bn | $1.49bn | $1.29bn |
| Dividends paid | — | — | — | −$300.0m | −$251.0m | — | −$2.0m | — | −$7.84bn | −$1.11bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.72bn | $8.89bn | $9.46bn | $9.04bn | $9.81bn | $8.98bn | $10.03bn | $9.62bn |
| Operating income | $237.0m | $549.0m | $536.0m | $611.0m | $2.92bn | $34.0m | $162.0m | $281.0m |
| Net income | $149.0m | −$2.92bn | −$252.0m | −$148.0m | $1.58bn | −$453.0m | −$494.0m | $135.0m |
| Diluted earnings per share | 0.06 | -1.13 | -0.10 | -0.06 | 0.62 | -0.18 | -0.20 | 0.06 |
| Cash from operations | $848.0m | −$208.0m | $1.80bn | $979.0m | $983.0m | $553.0m | $2.71bn | $847.0m |
| Capital spending | −$276.0m | −$268.0m | −$421.0m | −$278.0m | −$281.0m | −$251.0m | −$286.0m | −$215.0m |
| Free cash flow | $572.0m | −$476.0m | $1.38bn | $701.0m | $702.0m | $302.0m | $2.43bn | $632.0m |
| Total assets | $97.25bn | $97.84bn | $100.08bn | $100.52bn | $101.73bn | $101.68bn | $104.56bn | $106.33bn |
| Cash and short-term investments | $3.43bn | $3.26bn | $4.57bn | $4.33bn | $4.89bn | $3.87bn | $5.31bn | $3.34bn |
| Debt | $32.30bn | $32.47bn | $33.10bn | $33.75bn | $34.63bn | $37.43bn | $39.51bn | $40.21bn |
| Shareholders' equity | $32.84bn | $32.58bn | $35.92bn | $36.02bn | $36.05bn | $33.84bn | $34.04bn | $35.10bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.3% | 28.4% | 19.3% |
| Operating income | — | 8.2% | 6.5% |
| Net income | — | -9.8% | -3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7.6% | -9.8% | -5.9% | -0.3% |
| Net margin | -13.8% | -13.9% | -10.8% | -6.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 100.3 | -2.3 | -8.9 | -3.1 | 15.5 | 16.2 | 11.1 | 29.8 | -37.7 | 13.7 |
| Price to sales | 2.0 | 0.7 | 0.7 | 0.7 | 1.3 | 1.9 | 2.1 | 1.7 | 1.9 | 2.5 |
Market value over time
31 Oct 2016 to 11 Sept 2026, in USD
$15.72bn$72.20bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 160% | -14% | 34% | -60% | -16% | -17% | 27% | 16% | -21% | 8% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.