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Warner Bros. Discovery, Inc. WBD Streaming — Other segment expenses

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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:SegmentReportingOtherItemAmount.

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 streaming — other segment expenses?
Warner Bros. Discovery, Inc. (WBD) reported streaming — other segment expenses of $447M in Q1 2026.
How has Warner Bros. Discovery, Inc.'s streaming — other segment expenses changed year-over-year?
Warner Bros. Discovery, Inc.'s streaming — other segment expenses increased by 9.8% year-over-year, from $407M to $447M.
What is the long-term trend for Warner Bros. Discovery, Inc.'s streaming — other segment expenses?
Over 2 years (2023 to 2025), Warner Bros. Discovery, Inc.'s streaming — other segment expenses has grown at a 5.4% compound annual growth rate (CAGR), from $1.44B to $1.6B.
What does streaming — other segment expenses mean?
Residual operating expenses within the streaming segment not categorized as content, personnel, or marketing. This typically includes technology infrastructure, cloud hosting, payment processing fees, and general overhead. It provides a view into the underlying 'cost to serve' the streaming platform.