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Warner Bros. Discovery, Inc. WBD Global Linear Networks — Revenue

Other segment segments

Streaming
$3.08B
Studios
$2.33B-38.8%

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Other financials

Income statement

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Revenue$8.7B-11.2%
Gross profit$4.1B+6.5%
Operating income$237.0M+228%
Net income$149.0M-90.6%
EPS (diluted)$0.06-90.5%

Balance sheet

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Cash & equivalents$3.4B-31.1%
Total debt$32.0B+14,390%
Total equity$32.8B-8.9%
Total assets$97.2B-4.4%

Cash flow

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Operating cash flow$848.0M-13.7%
CapEx$276.0M-1.8%
Free cash flow$572.0M-18.5%

Valuation

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Market cap$67.14B+152%
Enterprise value$95.8B+335%
P/S1.9×+1.2×

Profitability

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Gross margin47.2%+4.0pp
Operating margin-3.5%-3.7pp
Net margin1.3%+0.7pp
FCF margin6%-4.5pp

Returns & leverage

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Return on equity1.4%+0.7pp
Debt / equity+1.0×
Current ratio0.8×-0.3×

Where this comes from

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

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Warner Bros. Discovery, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 9:42 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437107-26-000075
Line itemStreamingStudiosGlobal Linear NetworksCorporate and Inter-segment EliminationsTotal
Revenues:
Distribution$2,689$4$2,265$(8)$4,950
Advertising3061,429(11)1,724
Content842,125261(642)1,828
Other19936(20)215
Total$3,079$2,328$3,991$(681)$8,717

ITEM 1. Unaudited Financial Statements.

FAQ

What is Warner Bros. Discovery, Inc.'s global linear networks — revenue?
Warner Bros. Discovery, Inc. (WBD) reported global linear networks — revenue of $3.99B in Q2 2026.
How has Warner Bros. Discovery, Inc.'s global linear networks — revenue changed year-over-year?
Warner Bros. Discovery, Inc.'s global linear networks — revenue decreased by 16.9% year-over-year, from $4.8B to $3.99B.
What is the long-term trend for Warner Bros. Discovery, Inc.'s global linear networks — revenue?
Over 2 years (2023 to 2025), Warner Bros. Discovery, Inc.'s global linear networks — revenue has grown at a -8.8% compound annual growth rate (CAGR), from $21.24B to $17.66B.
What does global linear networks — revenue mean?
Total income generated from the linear networks segment, primarily through affiliate fees, advertising sales, and licensing of content to third parties. This is a core indicator of the segment's market reach and monetization power in the traditional television landscape.

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