Warner Bros. Discovery, Inc. WBD Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Global Linear Networks | $17.26B-12.9% | $17.66B-12.5% | $18.23B-12.0% | $19.36B-7.9% | $19.82B-5.9% | |
| Streaming | $11.11B+5.7% | $10.88B+5.5% | $10.73B+5.2% | $10.73B+6.2% | $10.51B+4.3% | |
| Studios | $13.43B+21.0% | $12.62B+8.7% | $13.09B+17.7% | $12.45B+6.7% | $11.1B-5.9% | |
| Revenue by Product | ||||||
| Advertising | $7.17B-9.5% | $7.31B-9.7% | $7.43B-11.0% | $7.71B-8.9% | $7.92B-7.3% | |
| Content | $9.67B+0.7% | $9.65B-6.3% | $9.9B— | $9.97B— | $9.61B— | |
| Distribution | $19.28B-1.6% | $19.26B-2.2% | $19.39B— | $19.61B— | $19.6B— | |
| Service Other | $1.09B-10.4% | $1.08B-12.3% | $1.15B-3.2% | $1.16B-3.5% | $1.21B+4.3% |
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.
