What is Warner Bros. Discovery, Inc.'s SG&A?

Warner Bros. Discovery, Inc. (WBD) reported SG&A of $2.48B in Q1 2026.

How has Warner Bros. Discovery, Inc.'s SG&A changed year-over-year?

Warner Bros. Discovery, Inc.'s SG&A increased by 12.8% year-over-year, from $2.19B to $2.48B.

What is the long-term trend for Warner Bros. Discovery, Inc.'s SG&A?

Over 4 years (2021 to 2025), Warner Bros. Discovery, Inc.'s SG&A has grown at a 23.7% compound annual growth rate (CAGR), from $4.02B to $9.42B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Warner Bros. Discovery, Inc. WBD SG&A

SG&A at other companies

Nexstar Media Group, Inc.NXST

$327M+27.2%

AMC Networks Inc.AMCX

$201.93M+2.0%

TDA

USA TODAY Co., Inc.TDAY

$150.78M-10.0%

Walt DisneyDIS

$4.07B+2.3%

Fox CorporationFOXA

$546M-0.9%

PSK

Paramount Skydance Corporation Class B Common StockPSKY

$1.41B-8.6%

Other financials

Income statement

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Revenue$8.9B-1.0%

Gross profit$4.3B+10.4%

Operating income-$2.5B-6,573%

Net income-$2.9B-544%

EPS (diluted)-$1.17-550%

Balance sheet

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Cash & equivalents$3.3B-15.6%

Total debt$1.5B-46.3%

Total equity$32.6B-3.7%

Total assets$97.8B-3.8%

Cash flow

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Operating cash flow-$208.0M-138%

CapEx$268.0M+6.8%

Free cash flow-$476.0M-258%

Valuation

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Market cap$67.64B+160%

Enterprise value$65.87B+164%

P/S1.8×+1.1×

Profitability

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Gross margin45.2%+2.7pp

Operating margin-4.6%-2.1pp

Net margin1.3%+0.7pp

FCF margin6.2%-5.1pp

Returns & leverage

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Return on equity1.4%+0.7pp

Debt / equity0×0.0×

Current ratio0.7×-0.1×

Where this comes from

Reported directly by Warner Bros. Discovery, Inc. in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The official record: Warner Bros. Discovery, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Warner Bros. Discovery, Inc.'s SG&A?: Warner Bros. Discovery, Inc. (WBD) reported SG&A of $2.48B in Q1 2026.
How has Warner Bros. Discovery, Inc.'s SG&A changed year-over-year?: Warner Bros. Discovery, Inc.'s SG&A increased by 12.8% year-over-year, from $2.19B to $2.48B.
What is the long-term trend for Warner Bros. Discovery, Inc.'s SG&A?: Over 4 years (2021 to 2025), Warner Bros. Discovery, Inc.'s SG&A has grown at a 23.7% compound annual growth rate (CAGR), from $4.02B to $9.42B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.