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

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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:RestructuringReserveAccrualAdjustment1.

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, accrual adjustment?
Warner Bros. Discovery, Inc. (WBD) reported streaming — restructuring reserve, accrual adjustment of -$15M in Q1 2026.
How has Warner Bros. Discovery, Inc.'s streaming — restructuring reserve, accrual adjustment changed year-over-year?
Warner Bros. Discovery, Inc.'s streaming — restructuring reserve, accrual adjustment decreased by 225.0% year-over-year, from $12M to -$15M.
What does streaming — restructuring reserve, accrual adjustment mean?
Reflects changes to the estimated costs of previously announced restructuring plans within the streaming segment. These adjustments occur when actual costs differ from initial projections or when the scope of the restructuring changes. It highlights the accuracy of management's initial restructuring estimates.