Income StatementBalance SheetCash FlowSegments
Warner Bros. Discovery, Inc. logo

Warner Bros. Discovery, Inc. Income Statement

Revenue, expenses, and profitability over time

Warner Bros. Discovery, Inc. generated $37.2B in trailing twelve-month revenue, down 0.0% year-over-year. Net income was -$1.9B with a -5.21% net margin. Gross margin stands at 45.18% and operating margin at -4.55%. Diluted EPS is $-0.78, which grew 0.8% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$37.2BGross Profit (TTM)$16.8BOperating Income (TTM)-$1.7BNet Income (TTM)$485.0MEps Diluted (TTM)$0.19
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$67.8B
ROE-5.83%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Restructuring and Asset Impairment Charges$41.3M$0.0$0.0$0.0$0.0—
Depreciation and amortization$1.6B$1.5B$1.4B$1.4B$1.3B$1.2B
Netflix Termination Fee (See Note 1)—$0.0———$2.8B
Impairment Charges And Disposal Group, Not Discontinued Operation, Gain (Loss) On Disposal-$191.0M-$90.0M-$26.0M-$46.0M-$10.0M-$14.0M
Restructuring charges$286.0M$54.0M$80.0M$88.0M$177.0M$204.0M
Selling, general and administrative$2.2B$2.2B$2.5B$2.4B$2.4B$2.5B
Total operating expenses$9.9B$9.0B$10.0B$8.4B$9.1B$11.4B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$-0.20$-0.18$0.64$-0.06—$-1.17
Diluted earnings per share$-0.20$-0.18$0.63$-0.06—$-1.17
Weighted-average shares, basic1M2.5B2.5B2.5B2M2.5B
Weighted-average shares, diluted1M2.5B2.5B2.5B20M2.5B

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments-$32.0M-$7.0M$5.0M$17.0M-$39.0M-$5.0M
Other Charges—$82.0M$139.0M-$30.0M—-$38.0M
Interest expense$490.0M$468.0M$463.0M$570.0M$584.0M$581.0M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$4.5B$3.8B$3.8B$4.5B$4.2B$4.3B
Operating income$0.0-$37.0M-$185.0M$611.0M$349.0M-$2.5B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes-$356.0M-$434.0M$2.5B$27.0M—-$3.1B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$284.0M$15.0M$866.0M$170.0M—-$214.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income-$494.0M-$453.0M$1.6B-$148.0M—-$2.9B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other income, net (Note 6)—$82.0M$139.0M-$30.0M—-$38.0M
Revenue From Contract With Customer Excluding Assessed Tax$10.0B$9.0B$9.8B$9.0B$9.5B$8.9B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$5.5B$5.1B$6.0B$4.6B$5.2B$4.6B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$10.0B$9.0B$9.8B$9.0B$9.5B$8.9B