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Warner Bros. Discovery, Inc. WBD Streaming — Restructuring Reserve

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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:RestructuringReserve.

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 — restructuring reserve?
Warner Bros. Discovery, Inc. (WBD) reported streaming — restructuring reserve of $30M in Q1 2026.
How has Warner Bros. Discovery, Inc.'s streaming — restructuring reserve changed year-over-year?
Warner Bros. Discovery, Inc.'s streaming — restructuring reserve decreased by 25.0% year-over-year, from $40M to $30M.
What does streaming — restructuring reserve mean?
The balance of accrued liabilities set aside to cover future cash outflows related to restructuring activities within the streaming segment. This reserve represents management's estimate of costs for severance, contract terminations, or facility closures. It serves as a forward-looking indicator of committed restructuring cash outflows.