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Warner Bros. Discovery, Inc. WBD Q1 2025 earnings

Reported May 8, 2025 · Before market open

Revenue$9.0BMiss by $612.3M
EPS-$0.18Miss by $0.01
Revenue estimate$9.6B
EPS estimate-$0.17

Next report

Nov 5, 2026 (in a month)
Revenue estimate$8.7B
EPS estimate$0.02

Financials

Q1 2025

Income statement

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Revenue$9.0B-9.8%
Gross profit$3.8B-1.3%
Operating income-$37.0M+86.1%
Net income-$453.0M+53.1%
EPS (diluted)-$0.18+55.0%

Balance sheet

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Cash & equivalents$3.9B+30.0%
Total debt$2.8B-19.0%
Total equity$33.8B-23.4%
Total assets$101.68B-15.1%

Cash flow

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Operating cash flow$553.0M-5.5%
CapEx$251.0M+28.7%
Free cash flow$302.0M-22.6%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$26.34B—
Enterprise value$25.25B—
P/S0.7×—

Profitability

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Gross margin42.5%+1.4pp
Operating margin-26%-30.1pp
Net margin-28.2%-44.0pp
FCF margin11.3%-7.1pp

Returns & leverage

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Return on equity-27.7%-40.6pp
Debt / equity0.1×0.0×
Current ratio0.8×0.0×

Segments

By geography

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Non Us$3.1B-4.2%

By product

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Advertising$2.0B-7.8%

FAQ

When did Warner Bros. Discovery, Inc. report Q1 2025 earnings?
Warner Bros. Discovery, Inc. (WBD) reported Q1 2025 earnings on May 8, 2025 before market open.
What were Warner Bros. Discovery, Inc.'s Q1 2025 revenue and EPS?
Warner Bros. Discovery, Inc. reported revenue of $9.0B and eps of $-0.18 for Q1 2025.
Did Warner Bros. Discovery, Inc. beat estimates in Q1 2025?
Revenue missed the consensus estimate of $9.6B by $612.3M. EPS missed the consensus estimate of $-0.17 by $0.01.
How did Warner Bros. Discovery, Inc.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 9.8% from $10.0B a year earlier and eps grew 55.0% from $-0.40.
Where can I find Warner Bros. Discovery, Inc.'s Q1 2025 SEC filings?
You can read the 8-K earnings release (0001437107-25-000093) and the 10-Q periodic report (0001437107-25-000096) directly on SEC EDGAR. The filing index links above go to sec.gov.