Warner Bros. Discovery, Inc. WBD Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Global Linear Networks | $4.38B-8.3% | $4.2B-12.0% | $3.88B-22.5% | $4.8B-8.9% | $4.77B-6.8% | |
| Streaming | $2.89B+8.7% | $2.79B+5.4% | $2.63B0.0% | $2.79B+8.8% | $2.66B+8.0% | |
| Studios | $3.13B+35.0% | $3.18B-13.0% | $3.32B+23.9% | $3.8B+55.2% | $2.31B-18.0% | |
| Revenue by Product | ||||||
| Advertising | $1.85B-6.7% | $1.7B-6.9% | $1.41B-16.3% | $2.22B-8.8% | $1.98B-7.8% | |
| Content | $1.89B+1.1% | $2.66B-8.5% | $2.65B-2.6% | $2.47B+17.2% | $1.87B-27.1% | |
| Distribution | $4.91B+0.4% | $4.79B-2.6% | $4.7B-4.4% | $4.89B+0.1% | $4.89B-2.0% | |
| Service Other | $253M+2.4% | $307M-17.3% | $287M-4.3% | $240M-18.6% | $247M-7.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Warner Bros. Discovery, Inc. break its business down?
- Warner Bros. Discovery, Inc. (WBD) reports revenue by business across 3 parts — Global Linear Networks, Streaming and Studios. Each is extracted from the segment footnotes and tracked over time.
- Where does Warner Bros. Discovery, Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Warner Bros. Discovery, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
