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Warner Bros. Discovery, Inc. WBD Streaming — Goodwill, accumulated impairments

Other segment segments

Global Linear Networks
$10.77B

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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:GoodwillImpairedAccumulatedImpairmentLoss.

The source filing: Warner Bros. Discovery, Inc.’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 5:20 PM EST
Fiscal year
FY2025
Accession
0001437107-26-000020

The carrying amount of goodwill at the Global Linear Networks segment included accumulated impairments of $10,770 million as of December 31, 2025 and 2024. The Streaming and Studios segments did not include any accumulated impairments as of December 31, 2025 and 2024.

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Warner Bros. Discovery, Inc.'s streaming — goodwill, accumulated impairments?
Warner Bros. Discovery, Inc. (WBD) reported streaming — goodwill, accumulated impairments of $0 in Q4 2025.
What does streaming — goodwill, accumulated impairments mean?
This represents the cumulative total of all impairment charges taken against the goodwill of the streaming segment over time. It provides a historical view of how much value has been written off from the segment's original acquisition cost. This metric helps investors understand the long-term performance and valuation history of the streaming division.

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