Warner Bros. Discovery, Inc. Series A financials
$30.85−0.16%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.72B | $8.89B | $9.46B | $9.04B | $9.81B | $8.98B | $10.03B | $9.62B | $9.71B | $9.96B | $10.28B | $9.98B |
| Gross profit | $4.10B | $4.25B | $4.24B | $4.48B | $3.85B | $3.85B | $4.50B | $4.44B | $3.51B | $3.90B | $4.39B | $4.67B |
| Gross margin | 47.0% | 47.8% | 44.8% | 49.5% | 39.2% | 42.9% | 44.9% | 46.2% | 36.1% | 39.2% | 42.7% | 46.8% |
| Operating income | $237.0M | -$2.47B | $349.0M | $611.0M | -$185.0M | -$37.0M | $162.0M | $281.0M | -$10.21B | -$267.0M | -$182.0M | $97.0M |
| Net income | $149.0M | -$2.92B | -$252.0M | -$148.0M | $1.58B | -$453.0M | -$494.0M | $135.0M | -$9.99B | -$966.0M | -$400.0M | -$417.0M |
| Net margin | 1.7% | −32.8% | −2.7% | −1.6% | 16.1% | −5.0% | −4.9% | 1.4% | −102.8% | −9.7% | −3.9% | −4.2% |
| Diluted EPS | $0.06 | $-1.17 | $-0.09 | $-0.06 | $0.63 | $-0.18 | $-0.20 | $0.05 | $-4.07 | $-0.40 | $-0.16 | $-0.17 |
| EBITDA | $1.53B | -$1.02B | $1.85B | $2.12B | $1.37B | $1.65B | $2.28B | $2.06B | $1.05B | $1.67B | -$91.0M | -$6.98B |
| Operating cash flow | $848.0M | -$208.0M | $1.80B | $979.0M | $983.0M | $553.0M | $2.71B | $847.0M | $1.23B | $585.0M | $3.58B | $2.52B |
| Free cash flow | $572.0M | -$476.0M | $1.38B | $701.0M | $702.0M | $302.0M | $2.43B | $632.0M | $976.0M | $390.0M | $3.31B | $2.06B |
| Diluted shares | 2,575.0M | 2,492.0M | 2,680.0M | 2,479.0M | 2,499.0M | 2,462.0M | 2,436.0M | 2,470.0M | 2,451.0M | 2,443.0M | 2,437.0M | 2,438.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $3.37B | $3.26B | $4.57B | $4.29B | $4.89B | $3.87B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $32.02B | $32.47B | $32.57B | $33.52B | $34.63B | $37.43B |
| Total assets | $97.25B | $97.84B | $100.08B | $100.52B | $101.73B | $101.68B |
| Total liabilities | $63.25B | $64.13B | $62.92B | $63.21B | $64.38B | $66.51B |
| Shareholders' equity | $33.99B | $33.71B | $37.15B | $37.28B | $37.32B | $35.15B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology