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+4.3% | $4.2B+8.1% | $3.88B-19.2% | $4.8B+0.6% | $4.77B+0.1% | |
| Streaming | $2.89B+3.3% | $2.79B+6.1% | $2.63B-5.7% | $2.79B+5.2% | $2.66B+0.2% | |
| Studios | $3.13B-1.8% | $3.18B-4.2% | $3.32B-12.6% | $3.8B+64.3% | $2.31B-36.7% | |
| Revenue by Product | ||||||
| Advertising | $1.85B+8.5% | $1.7B+21.0% | $1.41B-36.5% | $2.22B+11.9% | $1.98B+8.2% | |
| Content | $1.89B-29.1% | $2.66B+0.5% | $2.65B+7.2% | $2.47B+32.4% | $1.87B-35.9% | |
| Distribution | $4.91B+2.4% | $4.79B+1.9% | $4.7B-3.7% | $4.89B0.0% | $4.89B-0.6% | |
| Service Other | $253M-17.6% | $307M+7.0% | $287M+19.6% | $240M-2.8% | $247M-33.4% |
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.
