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Warner Bros. Discovery, Inc. WBD Advertising — Remaining performance obligations

Other product segments

Content Licensing Contracts
$4.53B+9.8%
Brand Licensing Contracts
$3.95B+30.4%
Distribution
$2.85B

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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×
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:RevenueRemainingPerformanceObligation.

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 advertising — remaining performance obligations?
Warner Bros. Discovery, Inc. (WBD) reported advertising — remaining performance obligations of $1.01B in Q1 2026.
How has Warner Bros. Discovery, Inc.'s advertising — remaining performance obligations changed year-over-year?
Warner Bros. Discovery, Inc.'s advertising — remaining performance obligations increased by 48.8% year-over-year, from $676M to $1.01B.
What is the long-term trend for Warner Bros. Discovery, Inc.'s advertising — remaining performance obligations?
Over 2 years (2023 to 2025), Warner Bros. Discovery, Inc.'s advertising — remaining performance obligations has grown at a 0.0% compound annual growth rate (CAGR), from $3.39B to $3.39B.
What does advertising — remaining performance obligations mean?
This metric represents the total transaction price allocated to advertising performance obligations that are unsatisfied or partially unsatisfied as of the reporting date. It quantifies the value of contracted advertising services that the company is obligated to deliver in future periods. This serves as a key indicator of the company's future advertising revenue backlog and the strength of its forward-looking sales pipeline.