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Warner Bros. Discovery, Inc. WBD Global Linear Networks — Content expense

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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 wbd:ContentExpense.

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 global linear networks — content expense?
Warner Bros. Discovery, Inc. (WBD) reported global linear networks — content expense of $1.59B in Q1 2026.
How has Warner Bros. Discovery, Inc.'s global linear networks — content expense changed year-over-year?
Warner Bros. Discovery, Inc.'s global linear networks — content expense decreased by 13.1% year-over-year, from $1.83B to $1.59B.
What is the long-term trend for Warner Bros. Discovery, Inc.'s global linear networks — content expense?
Over 2 years (2023 to 2025), Warner Bros. Discovery, Inc.'s global linear networks — content expense has grown at a -4.4% compound annual growth rate (CAGR), from $7.14B to $6.52B.
What does global linear networks — content expense mean?
The costs associated with producing, acquiring, and amortizing content for the linear networks segment. This is typically the largest operating expense, reflecting the investment required to maintain viewership and advertising value.