Warner Bros. Discovery Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $37.30B | $39.32B | $41.32B | $33.82B | $12.19B | $10.67B | $11.14B | $10.55B |
| U.S. Networks (Discovery) | — | — | — | — | $7.66B | $6.95B | $7.09B | $6.35B |
| International Networks (Discovery) | — | — | — | — | $4.54B | $3.71B | $4.04B | $4.15B |
| Other (Discovery) | — | — | — | — | $-10.0M | $9.0M | $11.0M | $54.0M |
| Studios (WBD) | $12.62B | $11.61B | $12.19B | $9.73B | — | — | — | — |
| Networks / Global Linear Networks (WBD) | $17.66B | $20.18B | $21.24B | $19.35B | — | — | — | — |
| DTC / Streaming (WBD) | $10.88B | $10.31B | $10.15B | $7.27B | — | — | — | — |
| Corporate and Inter-segment Eliminations (WBD) | $-3.86B | $-2.77B | $-2.27B | $-2.54B | — | — | — | — |
| Cost of Revenue | — | — | — | — | — | — | — | $3.94B |
| Gross Profit | — | — | — | — | — | — | — | $6.62B |
| Gross Margin | — | — | — | — | — | — | — | 62.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $9.42B | $9.30B | $9.70B | $9.68B | $4.02B | $2.72B | $2.79B | $2.62B |
| Operating Income | $738.0M | $-10.03B | $-1.55B | $-7.37B | $2.01B | $2.52B | $3.01B | $1.93B |
| Operating Margin | 2.0% | -25.5% | -3.7% | -21.8% | 16.5% | 23.6% | 27.0% | 18.3% |
| Interest Expense | — | — | $2.22B | $1.78B | $633.0M | $648.0M | $677.0M | $729.0M |
| Pretax Income | $1.64B | $-11.39B | $-3.86B | $-8.96B | $1.43B | $1.73B | $2.29B | $1.02B |
| Income Tax Expense | $890.0M | $94.0M | $-784.0M | $-1.66B | $236.0M | $373.0M | $81.0M | $341.0M |
| Net Income | $727.0M | $-11.31B | $-3.13B | $-7.37B | $1.01B | $1.22B | $2.07B | $594.0M |
| Net Margin | 1.9% | -28.8% | -7.6% | -21.8% | 8.3% | 11.4% | 18.6% | 5.6% |
| EPS (Basic) | $0.29 | $-4.62 | $-1.28 | $-3.82 | $0.52 | $0.61 | — | — |
| EPS (Diluted) | $0.29 | $-4.62 | $-1.28 | $-3.82 | $0.51 | $0.60 | — | — |
| Shares Outstanding (Basic) | 2.48B | 2.45B | 2.44B | 1.94B | 1.76B | 1.80B | — | — |
| Shares Outstanding (Diluted) | 2.53B | 2.45B | 2.44B | 1.94B | 1.99B | 2.02B | — | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |