Warner Bros. Discovery, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.72B | $8.89B | $9.46B | $9.05B | $9.81B | $8.98B | $10.03B | $9.62B |
| Cost of Revenue | $4.62B | $4.64B | $5.22B | $4.56B | $5.97B | $5.13B | $5.53B | $5.18B |
| Gross Profit | $4.10B | $4.25B | $4.24B | $4.48B | $3.85B | $3.85B | $4.50B | $4.44B |
| Gross Margin | 47.0% | 47.8% | 44.8% | 49.5% | 39.2% | 42.9% | 44.9% | 46.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.56B | $2.48B | $2.39B | $2.36B | $2.48B | $2.19B | $2.22B | $2.39B |
| Operating Income | $237.0M | $-2.47B | $349.0M | $611.0M | $-185.0M | $-37.0M | $162.0M | $281.0M |
| Operating Margin | 2.7% | -27.8% | 3.7% | 6.8% | -1.9% | -0.4% | 1.6% | 2.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-271.0M | $-3.12B | $-408.0M | $27.0M | $2.45B | $-434.0M | $-356.0M | $-178.0M |
| Income Tax Expense | $-433.0M | $-214.0M | $-161.0M | $170.0M | $866.0M | $15.0M | $284.0M | $-319.0M |
| Net Income | $149.0M | $-2.92B | $-252.0M | $-148.0M | $1.58B | $-453.0M | $-494.0M | $135.0M |
| Net Margin | 1.7% | -32.8% | -2.7% | -1.6% | 16.1% | -5.0% | -4.9% | 1.4% |
| EPS (Basic) | $0.06 | $-1.17 | $-0.11 | $-0.06 | $0.64 | $-0.18 | $-0.21 | $0.06 |
| EPS (Diluted) | $0.06 | $-1.17 | $-0.10 | $-0.06 | $0.63 | $-0.18 | $-0.20 | $0.05 |
| Shares Outstanding (Basic) | 2.51B | 2.49B | 2.48B | 2.48B | 2.48B | 2.46B | 2.45B | 2.45B |
| Shares Outstanding (Diluted) | 2.58B | 2.49B | 2.53B | 2.48B | 2.50B | 2.46B | 2.45B | 2.47B |
| Dividends Per Share | — | — | — | — | — | — | — | — |