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WBD · NASDAQ · Entertainment

Warner Bros. Discovery (WBD)

Runs HBO Max, Warner Bros. studios, and global news, sports, and lifestyle networks.

$30.82

After hours−0.01 (−0.02%)

At close$30.83(+0.08%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	9,979	10,284	9,958	9,713	9,623	10,027	8,979	9,812	9,045	9,460	8,893	8,717
Cost of revenue	5,309	5,896	6,058	6,204	5,181	5,527	5,131	5,967	4,564	6,602	4,643	4,621
Gross profit	4,670	4,388	3,900	3,509	4,442	4,500	3,848	3,845	4,481	2,858	4,250	4,096
	4,573	4,570	4,167	13,717	4,161	4,338	3,885	4,030	3,870	2,322	3,701	3,859
	2,291	2,455	2,232	2,461	2,385	2,218	2,194	2,477	2,361	2,386	2,475	2,564
General & administrative	0	0	0	0	0	0	0	0	0	0	0	2,564
Other expenses	2,282	2,115	1,935	11,256	1,776	2,120	1,691	1,553	1,509	−64	1,226	1,295
Operating income	97	−182	−267	−10,208	281	162	−37	−185	611	536	549	237
	−629	−431	−552	173	−459	−518	−397	2,639	−584	−944	−3,669	−508
Interest income	43	51	60	63	49	38	64	59	0	36	22	0
Interest expense	574	502	515	518	494	490	468	463	570	584	581	511
Other non-operating income	55	−71	37	−691	−35	28	−71	−3,102	14	358	3,088	−3
Income before tax	−532	−613	−819	−10,035	−178	−356	−434	2,454	27	−408	−3,120	−271
Income tax expense	−125	−221	136	−7	−319	284	15	866	170	−161	−214	−433
Net income from continuing operations	−407	−392	−955	−10,028	141	−640	−449	1,588	−143	−247	−2,906	162
Other adjustments	0	0	0	0	0	0	0	0	−4	0	0	0
Net income	−417	−400	−966	−9,986	135	−494	−453	1,580	−148	−252	−2,916	149
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
Weighted average shares, basic	2,438	2,436	2,443	2,451	2,453	2,454	2,462	2,477	2,479	2,475	2,492	2,511
Weighted average shares, diluted	2,438	2,436	2,443	2,451	2,470	2,454	2,462	2,499	2,479	2,530	2,492	2,575
EBITDA	5,217	5,390	5,411	−4,031	5,388	4,844	4,726	8,007	1,972	1,493	1,186	1,399
Depreciation & amortization	5,175	5,501	5,715	5,486	5,072	4,710	4,692	5,090	1,375	1,315	3,725	1,159
EBIT	42	−111	−304	−9,517	316	134	34	2,917	597	178	−2,539	240