Skip to content

Warner Bros. Discovery, Inc. WBD Streaming — Marketing expense

Other segment segments

Studios
$275M+9.1%
Global Linear Networks
$129M+24.0%

Similar metrics at other companies

Netflix logo
NFLXStreaming — Revenue
$12.25B+16.2%
CarGurus, Inc. logo
CARGAdvertising
$45.75M+13.9%
Capital City Bank Group logo
CCBGAdvertising
$797.5K+2.5%
Playtika Holding Corp. logo
PLTKAdvertising
$190.2M+34.9%
Dave, Inc. logo
DAVEAdvertising And Activation Costs
$14.26M+19.5%
Clorox logo
CLXAdvertising
$177M-14.5%

Other financials

Income statement

See full
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

See full
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

See full
Operating cash flow-$208.0M-138%
CapEx$268.0M+6.8%
Free cash flow-$476.0M-258%

Valuation

See full
Market cap$67.64B+160%
Enterprise value$65.87B+164%
P/S1.8×+1.1×

Profitability

See full
Gross margin45.2%+2.7pp
Operating margin-4.6%-2.1pp
Net margin1.3%+0.7pp
FCF margin6.2%-5.1pp

Returns & leverage

See full
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:MarketingExpense.

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

Ask your AI about Warner Bros. Discovery, Inc.'s streaming — marketing expense.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Warner Bros. Discovery, Inc.'s streaming — marketing expense?
Warner Bros. Discovery, Inc. (WBD) reported streaming — marketing expense of $285M in Q1 2026.
How has Warner Bros. Discovery, Inc.'s streaming — marketing expense changed year-over-year?
Warner Bros. Discovery, Inc.'s streaming — marketing expense increased by 29.5% year-over-year, from $220M to $285M.
What is the long-term trend for Warner Bros. Discovery, Inc.'s streaming — marketing expense?
Over 2 years (2023 to 2025), Warner Bros. Discovery, Inc.'s streaming — marketing expense has grown at a -12.7% compound annual growth rate (CAGR), from $1.31B to $1B.
What does streaming — marketing expense mean?
Expenditures related to advertising, user acquisition, and promotional campaigns for the streaming service. This is a critical variable cost used to drive subscriber growth and brand awareness. Investors analyze this to determine the efficiency of customer acquisition costs (CAC).